Freestanding Corner Retail
For Sale
$249,000
1002 D, San Bernardino, CA 92410
Freestanding retail building at a street corner with strong visibility near major downtown and freeway access.
Property Size1,437 SF
Price / SF$173.28
Days on Market791
Property Features for 1002 D
General Information
Standard status
Active
Size
1,437 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Amenities
3
Building Details
Year Built
1948
Listing Agency:
EXP REALTY OF CALIFORNIA INC
(888) 584-9427
Listed By:
ELISABETH RAMIREZ · License #02163627
(626) 383-0272
Source:
Xome
Added: Jul 10, 2024
Changed: Sep 5
Last Checked: Sep 8 at 4:06AM
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 EXP REALTY OF CALIFORNIA INC
Investment Insights
Based on property information with market context.
This freestanding commercial building is configured for retail use and positioned on a corner for prominent street presence. The property is being offered for sale and is presented as a straightforward, standalone option for operators seeking direct control of their storefront building.
The building is located at the corner of 10th and D Streets in San Bernardino, CA. Public remarks note strong visibility and convenient proximity to downtown and the courthouse, with access to the 215 and 210 freeways also highlighted.
For tenants or buyers looking for a stand-alone retail footprint, this corner placement can support customer-facing visibility while keeping the site independent from multi-tenant building operations. Its proximity to downtown and the courthouse may also align with businesses that benefit from steady local foot traffic and convenient regional connectivity via the nearby freeways.
The building is located at the corner of 10th and D Streets in San Bernardino, CA. Public remarks note strong visibility and convenient proximity to downtown and the courthouse, with access to the 215 and 210 freeways also highlighted.
For tenants or buyers looking for a stand-alone retail footprint, this corner placement can support customer-facing visibility while keeping the site independent from multi-tenant building operations. Its proximity to downtown and the courthouse may also align with businesses that benefit from steady local foot traffic and convenient regional connectivity via the nearby freeways.
Key Highlights
- Freestanding commercial building for sale in San Bernardino, CA at the corner of 10th and D Streets
- Year built: 1948
- Located near downtown San Bernardino and the courthouse
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
$19,433
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
7.80%
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%
$388,660
$388.7K
Cap Rate 7%
$277,614
$277.6K
Cap Rate 9%
$215,922
$215.9K
Market Conditions
NOI Build-Up for 1,437 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
$29.7K $20.64/SF
− Vacancy
−$1.9K −$1.32/SF
EGI
$27.8K $19.32/SF
− OpEx
−$8.3K −$5.80/SF
NOI
$19.4K $13.52/SF
Area
San Bernardino, CA
Vacancy
6.40%
Lease Rate
$20.64 /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%
$388,660
Cap Rate 7%
$277,614
Cap Rate 9%
$215,922
Alternative Uses
Best Use
Retail
$277.6K
$242.9K – $323.9K
NOI $19,433 @ 7.0% cap · market cap 7.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$432.8K
$378.7K – $504.9K
NOI $30,294 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,052
Businesses Nearby
65k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 75%
Dining 24%
Electronics 1%
AMPM
Shops & Services
15,390 visits/mo
0.5 miles
GO Car Wash
Shops & Services
13,932 visits/mo
0.2 miles
76
Shops & Services
10,497 visits/mo
0.5 miles
Tacos Mexico
Dining
7,709 visits/mo
0.3 miles
7-Eleven
Shops & Services
6,693 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- FTP- Flower To The People — 1220 N F St, San Bernardino, CA 92405
- Laura's Flowers — 634 W Base Line St, San Bernardino, CA 92410
- Clemencia's Flower Shop and Party Supplies — 1251 n e st, san bernardino, ca 92405
Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding retail building at a street corner with strong visibility near major downtown and freeway access.
Where is this storefront property located?
The property is located at 1002 D San Bernardino, CA.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Freestanding commercial building for sale in San Bernardino, CA at the corner of 10th and D Streets; Year built: 1948; Located near downtown San Bernardino and the courthouse
