Tenant-Occupied Sports
For Sale
$2,250,000
127 W 40th Street, San Bernardino, CA 92407
Commercial Sale, San Bernardino, CA
Property Size9,350 SF
Lot Size0.62 Acres
Price / SF$240.64
Days on Market144
Property Features for 127 W 40th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Cross Streets: W. 40th St and N Sierra Way
Subdivision
274 - San Bernardino
Standard status
Active
APN
0154262210000
Lot size
0.62 Acres
Building Details
Year built
1956
Listing Agency:
PROVIDENCE REALTY
(951) 789-1058
Listed By:
SCOTT TUCKER · License #01382514
(951) 789-1058
Added: Apr 10
Changed: Aug 24
Last Checked: Aug 31 at 7:06PM
MLS# IV26077405
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This tenant-occupied sports bar property includes a 9,350-square-foot restaurant building on an approximately 27,000-square-foot parcel. The existing improvements support food-and-beverage operations, with parking provided on the site and room for operational flexibility.
The property is located at 127 W 40th Street in San Bernardino, California. It is subject to a standard commercial rental agreement with a long-term lease in place. Built in 1956, the asset combines an established operating use with an existing tenancy and a sizable land component.
The property is located at 127 W 40th Street in San Bernardino, California. It is subject to a standard commercial rental agreement with a long-term lease in place. Built in 1956, the asset combines an established operating use with an existing tenancy and a sizable land component.
Key Highlights
- 9,350 sq ft restaurant building
- Approximately 27,000 sq ft lot
- Tenant‑occupied sports bar
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
$150,612
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
6.69%
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%
$3,012,240
$3.0M
Cap Rate 7%
$2,151,600
$2.2M
Cap Rate 9%
$1,673,467
$1.7M
Market Conditions
NOI Build-Up for 9,350 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
$213.2K $22.80/SF
− Vacancy
−$12.4K −$1.32/SF
EGI
$200.8K $21.48/SF
− OpEx
−$50.2K −$5.37/SF
NOI
$150.6K $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%
$3,012,240
Cap Rate 7%
$2,151,600
Cap Rate 9%
$1,673,467
Alternative Uses
Best Use
Specialty Retail
$2.15M
$1.88M – $2.51M
NOI $150,612 @ 7.0% cap · market cap 6.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.82M
$2.46M – $3.29M
NOI $197,113 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
465
Businesses Nearby
290k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 32%
Groceries 30%
Shops & Services 24%
Apparel 12%
Stater Bros. Markets
Groceries
49,754 visits/mo
0.2 miles
Cardenas Market
Groceries
38,504 visits/mo
0.1 miles
T.J. Maxx
Apparel
35,706 visits/mo
0.4 miles
Starbucks
Dining
27,920 visits/mo
0.4 miles
McDonald's
Dining
25,995 visits/mo
0.3 miles
Demographics for 92407, CA
67,814
Population
19,029
Households
3.6
Avg Household Size
31
Median Age
19%
College-Educated
78%
High-School Grad
81.7 sq mi
ZIP Area
830
Density / Sq Mi
$83,662
Median Household Income
$38,967
Median Earnings
$1,771
Median Rent
$473,200
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
- Celebrities Sports Grill — 127 W 40th St, San Bernardino, CA 92407
- Ye Olde Lamplighter — 255 E 40th St, San Bernardino, CA 92404
- El Patio Lounge — 4352 N Sierra Way, San Bernardino, CA 92407
- Gutierrez bar — 4775 N Sierra Way, San Bernardino, CA 92404
Frequently Asked Questions
What type of property is this?
Bar & Pub - Leased sports bar property with an established food-and-beverage use.
Where is this bar & pub located?
The property is located at 127 W 40th Street San Bernardino, CA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 9,350 sq ft restaurant building; Approximately 27,000 sq ft lot; Tenant‑occupied sports bar
