Renovated Medical Office in San
For Sale
$1,100,000
Pending
980 North D Street, San Bernardino, CA 92410
Fully renovated medical office with ample parking in San Bernardino.
Property Size3,520 SF
Days on Market897
Property Features for 980 North D Street
General Information
Standard status
Pending
Size
3,520 SF
Property subtype
Commercial Sale / Multi Family
Building Details
Year Built
1956
Buildings
1
Listing Agency:
Coldwell Banker Commercial
Listed By:
Christa Vessell · License #02058824
(562) 495-6070
Source:
Compass
Added: May 9, 2024
Changed: Oct 14
Last Checked: Oct 20 at 10:57PM
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 Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a fully renovated medical office building located in San Bernardino. The property has been updated with new electrical, plumbing, and HVAC systems. The site is gated and secured, providing ample parking. The neighboring parcel, APN 0140-151-10, is included in the sale. The building is located in an opportunity zone, which provides incentives and opportunities for redevelopment.
Key Highlights
- Fully renovated medical office with new electrical, plumbing, and HVAC.
- Includes neighboring parcel (APN 0140‑151‑10) in the sale.
- Located in an opportunity zone, offering redevelopment incentives.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,208
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,204,160
$1.2M
Cap Rate 7%
$860,114
$860.1K
Cap Rate 9%
$668,978
$669.0K
Market Conditions
NOI Build-Up for 3,520 SF
Gross rent
$88.7K $25.20/SF
− Vacancy
−$8.4K −$2.39/SF
EGI
$80.3K $22.81/SF
− OpEx
−$20.1K −$5.70/SF
NOI
$60.2K $17.10/SF
Area
San Bernardino, CA
Vacancy
9.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,204,160
Cap Rate 7%
$860,114
Cap Rate 9%
$668,978
Alternative Uses
Best Use
Office B
$860.1K
$752.6K – $1.00M
NOI $60,208 @ 7.0% cap · market cap 5.47%
Second Best
Healthcare Medical
$776.1K
$679.1K – $905.5K
NOI $54,327 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$1.06M
$927.6K – $1.24M
NOI $74,207 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,052
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully renovated medical office with ample parking in San Bernardino.
Where is this medical office space located?
The property is located at 980 North D Street San Bernardino, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Fully renovated medical office with new electrical, plumbing, and HVAC.; Includes neighboring parcel (APN 0140‑151‑10) in the sale.; Located in an opportunity zone, offering redevelopment incentives.
