Remodeled Restaurant Building For
For Sale
$875,000
225 E Base Line St, San Bernardino, CA 92410
Remodeled building with restaurant spaces available on high-traffic street.
Property Size2,000 SF
Lot Size0.31 Acres
Price / SF$437.50
Days on Market1986
Property Features for 225 E Base Line St
General Information
Standard status
Active
Size
2,000 SF
Lot size
0.31 Acres
Listing Agency:
Coast and Country Real Estate
(603) 740-0920
Listed By:
KENNETH KELLEY · License #00367310
(951) 684-4881
Source:
Exprealty
Added: Mar 23, 2021
Changed: Aug 8
Last Checked: Aug 8 at 6:02AM
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 Coast and Country Real Estate
Investment Insights
Based on property information with market context.
The building is undergoing remodeling to accommodate three restaurants, with one already leased. The available restaurant spaces will be approximately 2000 square feet. Located on Base Line, a high-traffic street and major artery in San Bernardino with four lanes, the property benefits from a corner lot location, high traffic volume, and good visibility. The building is in good condition and features high ceilings. The flooring consists of large paver tiles. The interior provides one open, large space to maximize business requirements. Ample gated parking is available with entry off the side street.
Key Highlights
- High‑traffic location on Baseline, a major artery in San Bernardino.
- Three restaurant spaces, one already leased.
- New kitchens and bathrooms being installed.
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
$32,216
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
3.68%
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%
$644,320
$644.3K
Cap Rate 7%
$460,229
$460.2K
Cap Rate 9%
$357,956
$358.0K
Market Conditions
NOI Build-Up for 2,000 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
$45.6K $22.80/SF
− Vacancy
−$2.6K −$1.32/SF
EGI
$43.0K $21.48/SF
− OpEx
−$10.7K −$5.37/SF
NOI
$32.2K $16.11/SF
Area
San Bernardino, CA
Vacancy
5.80%
Lease Rate
$22.80 /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%
$644,320
Cap Rate 7%
$460,229
Cap Rate 9%
$357,956
Alternative Uses
Best Use
Specialty Retail
$460.2K
$402.7K – $536.9K
NOI $32,216 @ 7.0% cap · market cap 3.68%
Second Best
Retail
$386.4K
$338.1K – $450.8K
NOI $27,047 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$602.3K
$527.0K – $702.7K
NOI $42,163 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,159
Businesses Nearby
201k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 40%
Dining 27%
Shops & Services 22%
Apparel 9%
El Super
Groceries
47,222 visits/mo
0.4 miles
Stater Bros. Markets
Groceries
33,770 visits/mo
0.4 miles
WSS
Apparel
15,330 visits/mo
0.4 miles
Chevron
Shops & Services
11,942 visits/mo
0.4 miles
Jack in the Box
Dining
11,706 visits/mo
0.3 miles
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Restaurant - Remodeled building with restaurant spaces available on high-traffic street.
Where is this restaurant located?
The property is located at 225 E Base Line St San Bernardino, CA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: High‑traffic location on Baseline, a major artery in San Bernardino.; Three restaurant spaces, one already leased.; New kitchens and bathrooms being installed.
