Corner Mixed-Use
For Sale
$150,000
1003 Rialto Avenue, San Bernardino, CA 92410
Standalone stucco building with prior barber shop use and a prominent corner position on a busy street.
Property Size550 SF
Price / SF$272.73
Days on Market131
Property Features for 1003 Rialto Avenue
General Information
Standard status
Active
Size
550 SF
Property subtype
Mixed Use
Amenities
3
Res/ Office
Corner Lot.
Stucco
No Common Walls. Suburban, Corner.
Building Details
Year Built
1951
Stories
1
Listing Agency:
(714) 531-8818
Listed By:
Alwin Lee
Source:
Xome
Added: Apr 22
Changed: Aug 29
Last Checked: Aug 30 at 1:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Alwin Lee
Investment Insights
Based on property information with market context.
This mixed-use property includes a 550-square-foot stucco building on a 4,620-square-foot corner lot. Constructed in 1951, the standalone structure has no common walls and previously operated as a barber shop. The property requires improvement and repairs, providing a compact existing building for a future owner to evaluate and reconfigure.
The site is located at 1003 Rialto Avenue in San Bernardino, California. Its corner placement and position on a busy street provide direct street exposure. The property information also identifies the structure as suitable for residential or office consideration, subject to City review.
The site is located at 1003 Rialto Avenue in San Bernardino, California. Its corner placement and position on a busy street provide direct street exposure. The property information also identifies the structure as suitable for residential or office consideration, subject to City review.
Key Highlights
- 550‑square‑foot standalone stucco building
- 4,620‑square‑foot corner lot
- Previously operated as a barber shop
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$8,440
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$168,800
$168.8K
Cap Rate 7%
$120,571
$120.6K
Cap Rate 9%
$93,778
$93.8K
Market Conditions
NOI Build-Up for 550 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$14.5K $26.40/SF
− Vacancy
−$1.0K −$1.85/SF
EGI
$13.5K $24.55/SF
− OpEx
−$5.1K −$9.21/SF
NOI
$8.4K $15.34/SF
Area
San Bernardino, CA
Vacancy
7.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$168,800
Cap Rate 7%
$120,571
Cap Rate 9%
$93,778
Alternative Uses
Best Use
Mixed Use
$120.6K
$105.5K – $140.7K
NOI $8,440 @ 7.0% cap · market cap 5.63%
Second Best
Retail
$106.3K
$93.0K – $124.0K
NOI $7,438 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$165.6K
$144.9K – $193.3K
NOI $11,595 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
927
Businesses Nearby
206k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 30%
Dining 28%
Apparel 23%
Groceries 18%
Marshalls
Apparel
41,272 visits/mo
0.4 miles
Superior Grocers
Groceries
36,755 visits/mo
0.2 miles
McDonald's
Dining
35,529 visits/mo
0.4 miles
dd's DISCOUNTS
Shops & Services
29,696 visits/mo
0.3 miles
Dollar Tree
Shops & Services
19,449 visits/mo
0.3 miles
Demographics for 92410, CA
51,651
Population
14,325
Households
3.6
Avg Household Size
30
Median Age
6%
College-Educated
66%
High-School Grad
8.2 sq mi
ZIP Area
6,299
Density / Sq Mi
$53,390
Median Household Income
$32,474
Median Earnings
$1,303
Median Rent
$273,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Standalone stucco building with prior barber shop use and a prominent corner position on a busy street.
Where is this mixed-use property located?
The property is located at 1003 Rialto Avenue San Bernardino, CA.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 550‑square‑foot standalone stucco building; 4,620‑square‑foot corner lot; Previously operated as a barber shop
