Corporate-Leased NNN
New
For Sale
$1,600,000
1199 N E St, San Bernardino, CA 92410
Western Dental occupies the property under a corporate lease with one extension option.
Property Size5,000 SF
Days on Market1
Property Features for 1199 N E St
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Retail
Zoning
CG-1 : Commercial General
Building Details
Building Size
5,000 SF
Year Built
1950
Tenancy
Single
Listed By:
Jan Niklas Cartus
(714) 878-6004
Source:
Srsre
Added: Sep 20
Last Checked: Sep 20 at 2:44PM
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 Jan Niklas Cartus
Investment Insights
Based on property information with market context.
This NNN property in San Bernardino is occupied by Western Dental & Orthodontics under a corporate lease. The initial term has approximately 1 year remaining, followed by a single 1-year option period for extension.
Built in 1950, the property is located at 1199 N E St, San Bernardino, CA 92410. It carries CG-1: Commercial General zoning, providing the recorded land-use designation for the site.
Built in 1950, the property is located at 1199 N E St, San Bernardino, CA 92410. It carries CG-1: Commercial General zoning, providing the recorded land-use designation for the site.
Key Highlights
- Western Dental & Orthodontics is the current tenant
- Lease is signed by the corporate tenant
- Approximately 1 year remains on the initial term
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
$85,523
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
5.35%
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%
$1,710,460
$1.7M
Cap Rate 7%
$1,221,757
$1.2M
Cap Rate 9%
$950,256
$950.3K
Market Conditions
NOI Build-Up for 5,000 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
$126.0K $25.20/SF
− Vacancy
−$12.0K −$2.39/SF
EGI
$114.0K $22.81/SF
− OpEx
−$28.5K −$5.70/SF
NOI
$85.5K $17.10/SF
Area
San Bernardino, CA
Vacancy
9.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
25.00%
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%
$1,710,460
Cap Rate 7%
$1,221,757
Cap Rate 9%
$950,256
Alternative Uses
Best Use
Office B
$1.22M
$1.07M – $1.43M
NOI $85,523 @ 7.0% cap · market cap 5.35%
Second Best
Healthcare Medical
$1.10M
$964.6K – $1.29M
NOI $77,170 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,408 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
910
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
NNN property - Western Dental occupies the property under a corporate lease with one extension option.
Where is this nnn property located?
The property is located at 1199 N E St San Bernardino, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Western Dental & Orthodontics is the current tenant; Lease is signed by the corporate tenant; Approximately 1 year remains on the initial term
