Industrial Warehouse
For Sale
$474,990
12036 Bartlett Avenue, Adelanto, CA 92301
Industrial warehouse property for sale in San Bernardino County with accessible route via I-15 and Highway 395.
Property Size3,698 SF
Days on Market132
Property Features for 12036 Bartlett Avenue
General Information
Standard status
Active
Size
3,698 SF
Net Operating Income
$49,800
Taxes and HOA fees
Annual Taxes
$1,229
Amenities
Evaporative Cooling, Wall/Window Unit(s)
Natural Gas
Building Details
Building Size
3,698 SF
Year Built
1950
Buildings
3
Stories
1
Listing Agency:
Coldwell Banker Home Source Apple Valley
(760) 887-7779
Listed By:
Jeffrey Nyal · License #01373556
(760) 887-7779
Source:
Evrealestate
Added: Apr 7
Changed: Aug 15
Last Checked: Aug 16 at 4:09AM
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 Coldwell Banker Home Source Apple Valley
Investment Insights
Based on property information with market context.
The property at 12036 Bartlett Avenue is presented as an industrial warehouse asset for sale. It is positioned as a commercial real estate option within San Bernardino County for buyers seeking warehouse-style space.
Access is supported by nearby freeway connectivity. Directions noted include taking I-15 North, exiting to Highway 395, then traveling north on Highway 395 to Bartlett Avenue. Continue east on Bartlett Avenue to PIQ, with Adelanto Road identified as the cross street. The address is in Adelanto, California, in San Bernardino County.
For buyers looking for warehouse-oriented industrial space, this offering provides a straightforward commercial property option in Adelanto with practical access via major routes. Interested parties should verify property-specific details and suitability for their intended warehouse use during due diligence.
Access is supported by nearby freeway connectivity. Directions noted include taking I-15 North, exiting to Highway 395, then traveling north on Highway 395 to Bartlett Avenue. Continue east on Bartlett Avenue to PIQ, with Adelanto Road identified as the cross street. The address is in Adelanto, California, in San Bernardino County.
For buyers looking for warehouse-oriented industrial space, this offering provides a straightforward commercial property option in Adelanto with practical access via major routes. Interested parties should verify property-specific details and suitability for their intended warehouse use during due diligence.
Key Highlights
- Heating: natural gas
- Cooling includes evaporative cooling and wall/window unit(s)
- Year built: 1950
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
$36,875
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
7.76%
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%
$737,500
$737.5K
Cap Rate 7%
$526,786
$526.8K
Cap Rate 9%
$409,722
$409.7K
Market Conditions
NOI Build-Up for 3,698 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
$46.2K $12.48/SF
− Vacancy
−$2.8K −$0.75/SF
EGI
$43.4K $11.73/SF
− OpEx
−$6.5K −$1.76/SF
NOI
$36.9K $9.97/SF
Area
San Bernardino County, CA
Vacancy
6.00%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
15.00%
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%
$737,500
Cap Rate 7%
$526,786
Cap Rate 9%
$409,722
Alternative Uses
Best Use
Warehouse
$526.8K
$460.9K – $614.6K
NOI $36,875 @ 7.0% cap · market cap 7.76%
Second Best
Industrial
$433.8K
$379.6K – $506.1K
NOI $30,367 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$780.0K
$682.5K – $910.1K
NOI $54,603 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 92301, CA
38,912
Population
10,069
Households
3.9
Avg Household Size
29
Median Age
8%
College-Educated
73%
High-School Grad
224.8 sq mi
ZIP Area
173
Density / Sq Mi
$68,205
Median Household Income
$35,172
Median Earnings
$1,385
Median Rent
$316,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Adelanto Self Storage — 11455 Bartlett Ave, Adelanto, CA 92301
- Extreme Logistics Solutions, Inc. — 12210 Innovation Way, Adelanto, CA 92301
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse property for sale in San Bernardino County with accessible route via I-15 and Highway 395.
Where is this warehouse located?
The property is located at 12036 Bartlett Avenue Adelanto, CA.
What is the asking price?
The asking price for this property is $474,990.
What are key features of this property?
This property features: Heating: natural gas; Cooling includes evaporative cooling and wall/window unit(s); Year built: 1950
