San Bernardino Industrial Investment
For Sale
$1,185,000
Pending
2396 Cabrera, San Bernardino, CA 92411
6,000 SF industrial building for sale in San Bernardino.
Property Size6,000 SF
Lot Size0.18 Acres
Days on Market146
Property Features for 2396 Cabrera
General Information
Standard status
Pending
Size
6,000 SF
Lot size
0.18 Acres
Property subtype
Industrial
Building Details
Building Size
6,000 SF
Year Built
1974
Units
3
Listing Agency:
KELLER WILLIAMS REALTY
(909) 213-7703
Listed By:
Amber Keith · License #01983652
Source:
Elliman
Added: Mar 25
Changed: Aug 8
Last Checked: Aug 8 at 6:19AM
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 KELLER WILLIAMS REALTY
Investment Insights
Based on property information with market context.
This 6,000 SF industrial building is situated on two parcels in a high-demand San Bernardino corridor. The property is ideally located between the 210 and 215 freeways, with convenient access off W. Highland Ave and Cabrera Ave. Configured into three separate units, it offers flexibility for multi-tenant income or for an owner-user seeking to occupy a portion while generating rental revenue from the remaining spaces. The property features functional industrial layouts and an on-site yard area suitable for storage or operations. It offers accessibility for contractors, automotive use, or light industrial businesses. This property presents an opportunity for an owner-user to reduce occupancy costs by offsetting expenses with rental income, or for an investor seeking a multi-unit industrial asset in an established, high-traffic location with consistent demand. Buyer is to verify all aspects of property use, zoning, and income potential.
Key Highlights
- High‑demand San Bernardino location between the 210 and 215 freeways.
- 6,000 SF industrial building configured into three separate units.
- Ideal for owner‑user to occupy a portion and generate rental income.
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
$56,609
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
4.78%
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%
$1,132,180
$1.1M
Cap Rate 7%
$808,700
$808.7K
Cap Rate 9%
$628,989
$629.0K
Market Conditions
NOI Build-Up for 6,000 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
$86.4K $14.40/SF
− Vacancy
−$5.5K −$0.92/SF
EGI
$80.9K $13.48/SF
− OpEx
−$24.3K −$4.04/SF
NOI
$56.6K $9.43/SF
Area
San Bernardino, CA
Vacancy
6.40%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$1,132,180
Cap Rate 7%
$808,700
Cap Rate 9%
$628,989
Alternative Uses
Best Use
Industrial
$808.7K
$707.6K – $943.5K
NOI $56,609 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,490 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
616
Businesses Nearby
Explore this area
Business Placement
Demographics for 92411, CA
27,014
Population
7,065
Households
3.8
Avg Household Size
30
Median Age
7%
College-Educated
65%
High-School Grad
4.7 sq mi
ZIP Area
5,748
Density / Sq Mi
$55,457
Median Household Income
$31,320
Median Earnings
$1,355
Median Rent
$318,500
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?
Industrial property - 6,000 SF industrial building for sale in San Bernardino.
Where is this industrial property located?
The property is located at 2396 Cabrera San Bernardino, CA.
What is the asking price?
The asking price for this property is $1,185,000.
What are key features of this property?
This property features: High‑demand San Bernardino location between the 210 and 215 freeways.; 6,000 SF industrial building configured into three separate units.; Ideal for owner‑user to occupy a portion and generate rental income.
