Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    San Bernardino Office Space Available Title is generated by Realmo AI

    348 W Hospitality Ln, San Bernardino, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Second floor office space with tenant improvement allowance.

    Type:OFFICE
    Property size:
    2,311 SF
    Lot size:
    2.22 Acres
    Added:
    Jan 9, 2019
    Days on Market:
    2681
    Last Refresh:
    Apr 5 at 8:31 pm

    Property Features for 348 W Hospitality Ln

    General Information

    Standard status
    Active
    Size
    2,311 SF
    Lot size
    2.22 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 348 W Hospitality Ln Contact us

    We can help!

    Listing Contact
    David Mudge

    Listing agent David Mudge

    Listing office Lee & Associates

    Listing date Jan 9, 2019

    Source Moodyscre

    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 Lee & Associates

    HighLights

    • Tenant Improvement Allowance available to qualified tenants
    • 2nd floor office space
    • Common area renovations completed in 2022

    Overview

    This property offers office space on the second floor. Qualified tenants may be eligible for a Tenant Improvement Allowance. Common area renovations were completed in 2022. The property provides 2311 square feet of space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Children's Fund Charitable Organization Douglas Jr, Paul ... Law Firm San Bernardino County ... County Government Office WMC INVESTMENT CORPORATION Loan Service Taco Bell (future) Restaurant

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Law Firm Big Box & Wholesale Store Dental Office Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Bernardino
    County
    San Bernardino
    State
    California
    Longitude
    -117.291
    Latitude
    34.0663

    Nearby Similar for Lease

    • $1,350/Mo

      San Bernardino Office/Retail Space

      780 sq ft office/retail space in high-traffic area.
      3444 N Del Rosa Avenue, San Bernardino, CA 92404
      View Details
    • $2.00 SF/Yr

      Retail Space in Seley Plaza

      Retail space for lease in a high-traffic San Bernardino location.
      2002 East Highland Avenue, San Bernardino, CA 92404
      View Details
    • $950/Mo

      San Bernardino Office Space Available

      Well-maintained office space with convenient freeway access in San Bernardino.
      1881 Commercenter E 220, San Bernardino, CA 92408
      View Details
    • Sponsored
      Contact for pricing

      CA, San Bernadino - Arrowhead Ave

      715 Arrowhead Ave, San Bernardino, CA 92401
      View Details
    • Sponsored
      Contact for pricing

      Three Parkside

      473 Carnegie Dr, Unit 200, San Bernardino, CA 92408
      View Details
    • Contact for pricing

      Office/Retail Space For Rent

      780 sq ft office/retail space in high-traffic area.
      3444 N Del Rosa Ave, San Bernardino, CA 92404
      View Details
    • Contact for pricing

      Medical Office Space Sublease

      Medical office space available for sublease near hospital.
      1800 Medical Center Dr, Ste 220, San Bernardino, CA 92411
      View Details
    • $0.09 SF/Yr

      San Bernardino Retail Space Available

      Retail space in high-traffic Stater Bros. Shopping Center.
      1470 Highland Ave, San Bernardino, CA 92404, San Bernardino, CA 92404
      View Details
    • $800/Mo

      Functional Church Property For Rent

      Well-maintained church with sanctuary, meeting room, and ample parking.
      25014 5th St, San Bernardino, CA 92410
      View Details
    • Contact for pricing

      San Bernardino Commercial Opportunity

      Commercial property with income potential near transportation and airport.
      765 E 9th St, San Bernardino, CA 92410
      View Details
    • Contact for pricing

      San Bernardino Retail Space Available

      Retail space for lease in multi-tenant neighborhood center.
      2210 E Highland Avenue, San Bernardino, CA 92404
      View Details
    • $0.85 SF/Yr

      San Bernardino Retail Space Available

      Affordable retail spaces perfect for small or first-time business owners.
      432 W Highland Ave, San Bernardino, CA 92405
      View Details

    FAQs

    What type of property is this?
    Office units - Second floor office space with tenant improvement allowance.
    Where is this office units located?
    The property is located at 348 W Hospitality Ln San Bernardino, CA.
    What is the lease rate?
    The lease rate is $1.85 SF/Yr.
    What are key features of this property?
    This property features: Tenant Improvement Allowance available to qualified tenants; 2nd floor office space; Common area renovations completed in 2022
    (951) 276-3600 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    David Mudge
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    348 W Hospitality Ln, San Bernardino, CA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!