Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    261 E Highland Ave San Bernardino, CA 92404

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $999,500

    Retail building with ample parking and freeway access.

    Lot size:
    0.36 Acres

    Property Features for 261 E Highland Ave

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.36 Acres

    We can help!

    Listing Contact
    Cynthia Gomez
    Cynthia Gomez
    Source: Elliman

    Listing Agent: Cynthia Gomez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Multi-Tenant Retail Building For Sale

    This multi-tenant retail building offers approximately 8,162 square feet of space. The property benefits from a corner location and ample parking. A large freestanding pylon sign is included. The property is located near Firestone, Bank of America, US Bank, Baskin Robbins, and St Bernardino Medical Center, with easy access to freeways.
    Location Intelligence

    Current Use by Public Records

    Venus&Salomon Clothing Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    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
    -117.2803576
    Latitude
    34.1356137

    Nearby Similar for Sale

    • $620,000
      2,196 SF

      Refurbished Commercial Property in San Bernardino

      Recently renovated commercial space suitable for various business ventures.
      1731 E Highland Ave, San Bernardino, CA 92404
      View Details
    • $2,000,000
      11,240 SF

      San Bernardino Commercial Opportunity

      Versatile commercial space in San Bernardino with high visibility.
      651 N Waterman Ave, San Bernardino, CA 92410
      View Details
    • $900,000
      3,550 SF

      Turnkey Restaurant Opportunity in San Bernardino

      Fully equipped restaurant on a high-visibility corner lot for sale.
      4775 N Sierra Way, San Bernardino, CA 92404
      View Details
    • New
      $1,200,000
      2,784 SF

      San Bernardino Church For Sale

      Well-maintained church with sanctuary, meeting room, and ample parking.
      25014 5Th St, San Bernardino, CA 92410
      View Details
    • $877,500
      3,648 SF

      Spacious San Bernardino Quadruplex

      Four-unit property in San Bernardino with strong rental potential.
      2194 Sunrise Ln, San Bernardino, CA 92404
      View Details
    • $1,250,000
      5,944 SF

      San Bernardino Commercial Warehouse Opportunity

      Versatile warehouse with secure yard in a growing industrial hub.
      1033 W 3Rd St, San Bernardino, CA 92410
      View Details
    • $960,000
      3,975 SF

      San Bernadino Fourplex Investment Opportunity

      Fourplex in San Bernadino generating approximately $5,500 monthly income.
      246 E 21St St, San Bernardino, CA 92404
      View Details
    • $785,000
      4,412 SF

      Auto/Retail Building with Private Yard

      Auto/Retail building with three units and private yard for sale.
      1090 N E St, San Bernardino, CA 92410
      View Details
    • $275,000

      San Bernardino Business Opportunity

      Turnkey business near CSUSB with high visibility and ample parking.
      4594 University Pkwy, San Bernardino, CA 92407
      View Details
    • New
      $655,000
      2,496 SF

      San Bernardino Fourplex with Carport

      Four-unit property with private laundry, gated, and convenient location.
      1415 N Sierra Rd, San Bernardino, CA 92405
      View Details
    • $2,600,000
      14,400 SF

      Remodeled Industrial Building For Sale

      Turnkey industrial property with modern upgrades in a prime location.
      199 Hillcrest Ave, San Bernardino, CA 92405
      View Details
    • $449,000
      3,907 SF

      San Bernardino Commercial Opportunity

      Three units on one lot suitable for various commercial uses.
      1543 E St N, San Bernardino, CA 92405
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail building with ample parking and freeway access.
    Where is this retail space located?
    The property is located at 261 E Highland Ave San Bernardino, CA.
    What is the asking price?
    The asking price for this property is $999,500.
    What are key features of this property?
    This property features: - Corner lot location offers **high visibility and accessibility.**; - Multi-tenant retail building with approximately 8,162 square feet.; - Ample parking available for customers and tenants.
    (909) 234-1673
    Request Owner's contact information
    261 E Highland Ave San Bernardino, CA 92404
    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.
    261 E Highland Ave
    San Bernardino, CA 92404
    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
    261 E Highland Ave San Bernardino, CA 92404
    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

    We can help!
    Listing Contact
    Cynthia Gomez
    Cynthia Gomez
    Real Estate License ID: 01411148
    (909) 234-1673 (909) 473-9000 (909) 204-5800
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!