Warehouse on Large Commercial
For Sale
$1,500,000
72355 Baker Blvd, Baker, CA 92309
2,600 SF warehouse on 1.63 acres near I-15.
Property Size6,200 SF
Lot Size1.33 Acres
Days on Market263
Property Features for 72355 Baker Blvd
General Information
Standard status
Active
Size
6,200 SF
Lot size
1.33 Acres
Property subtype
Commercial
Building Details
Building Size
6,200 SF
Year Built
1985
Listing Agency:
Apartment Building Investments
(818) 605-2626
Listed By:
Baron Castillo · License #00646611
(818) 605-2626
Source:
Elliman
Added: Dec 3, 2025
Changed: Aug 23
Last Checked: Aug 22 at 9:16AM
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 Apartment Building Investments
Investment Insights
Based on property information with market context.
This property features a 2,600 square foot warehouse situated on 1.63 acres. The location is suitable for a contractor's construction headquarters, providing a secure space for storing equipment and work vehicles. It is located across from the Alien Fresh Jerky compound and the Alien Spacecraft site, with 200 feet of frontage on Baker Boulevard. The property is located 300 feet from the 15 Freeway, offering visibility to vehicles traveling to and from Las Vegas. The CH (Highway Commercial) land use zoning supports retail trade, personal services, lodging, office and professional services, recreation and entertainment, wholesaling and warehousing, contract/construction services, transportation services, and open lot services.
Key Highlights
- 1.63 Acres of CH Zoned Land suitable for retail, warehousing, and construction services.
- 2,600 Sq Ft Warehouse ideal for equipment storage.
- High Visibility location: visible from the 15 Freeway.
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
$61,823
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
4.12%
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%
$1,236,460
$1.2M
Cap Rate 7%
$883,186
$883.2K
Cap Rate 9%
$686,922
$686.9K
Market Conditions
NOI Build-Up for 6,200 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
$77.4K $12.48/SF
− Vacancy
−$4.6K −$0.75/SF
EGI
$72.7K $11.73/SF
− OpEx
−$10.9K −$1.76/SF
NOI
$61.8K $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%
$1,236,460
Cap Rate 7%
$883,186
Cap Rate 9%
$686,922
Alternative Uses
Best Use
Warehouse
$883.2K
$772.8K – $1.03M
NOI $61,823 @ 7.0% cap · market cap 4.12%
Second Best
Industrial
$727.3K
$636.4K – $848.6K
NOI $50,913 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$1.31M
$1.14M – $1.53M
NOI $91,546 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Demographics for 92309, CA
452
Population
263
Households
1.7
Avg Household Size
30
Median Age
1%
College-Educated
75%
High-School Grad
358.5 sq mi
ZIP Area
1
Density / Sq Mi
$27,632
Median Earnings
$883
Median Rent
$115,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 2,600 SF warehouse on 1.63 acres near I-15.
Where is this warehouse located?
The property is located at 72355 Baker Blvd Baker, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 1.63 Acres of CH Zoned Land suitable for retail, warehousing, and construction services.; 2,600 Sq Ft Warehouse ideal for equipment storage.; High Visibility location: visible from the 15 Freeway.
