Mixed-Use Property Near Base
For Sale
Contact for pricing
1101 N Mt Vernon Ave, San Bernardino, CA 92411
Mixed-use property with retail and apartment units near shopping.
Property Size3,297 SF
Price / SF$394.30
Days on Market159
Property Features for 1101 N Mt Vernon Ave
General Information
Standard status
Active
Size
3,297 SF
Total Parking Spaces
6
Property subtype
Retail, Multifamily, Mixed Use
Zoning
CG-1, San Bernardino
Investment Type
Owner/User
Net Operating Income
$58,020
Building Details
Year Built
1930
Buildings
1
Stories
1
Units
3
Listing Agency:
Acreage Real Estate
(909) 233-8003
Listed By:
Kavita K. Bhatia · License #01895064
Source:
Crexi
Added: Mar 6
Changed: Aug 8
Last Checked: Aug 8 at 6:38AM
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 Acreage Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property features three units, including one retail unit currently occupied by a liquor store and two apartment units, each with two bedrooms and one bathroom. The property is situated near the intersection of Base Line Street and Mt. Vernon Avenue, offering convenient access to shopping centers and eateries located directly across the street and within walking distance. This location is expected to attract tenants and provide a consistent rental income stream for the property owner. The building has a total area of 3297 square feet.
Key Highlights
- Mixed‑use property with retail and residential units.
- Three units: one retail (liquor store) and two 2BD/1BA apartments.
- Excellent location near Base Line St. & Mt. Vernon Ave.
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
$50,592
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
3.89%
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%
$1,011,840
$1.0M
Cap Rate 7%
$722,743
$722.7K
Cap Rate 9%
$562,133
$562.1K
Market Conditions
NOI Build-Up for 3,297 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
$87.0K $26.40/SF
− Vacancy
−$6.1K −$1.85/SF
EGI
$80.9K $24.55/SF
− OpEx
−$30.4K −$9.21/SF
NOI
$50.6K $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%
$1,011,840
Cap Rate 7%
$722,743
Cap Rate 9%
$562,133
Alternative Uses
Best Use
Mixed Use
$722.7K
$632.4K – $843.2K
NOI $50,592 @ 7.0% cap · market cap 3.89%
Second Best
Multifamily LT 5
$673.0K
$588.9K – $785.2K
NOI $47,109 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$992.9K
$868.8K – $1.16M
NOI $69,506 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
460
Businesses Nearby
Explore this area
Business Placement
Demographics for 92411, CA
27,014
Population
7,065
Households
3.8
Avg Household Size
30
Median Age
7%
College-Educated
65%
High-School Grad
4.7 sq mi
ZIP Area
5,748
Density / Sq Mi
$55,457
Median Household Income
$31,320
Median Earnings
$1,355
Median Rent
$318,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with retail and apartment units near shopping.
Where is this mixed-use property located?
The property is located at 1101 N Mt Vernon Ave San Bernardino, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Mixed‑use property with retail and residential units.; Three units: one retail (liquor store) and two 2BD/1BA apartments.; Excellent location near Base Line St. & Mt. Vernon Ave.
