Light Industrial Building with
For Sale
$3,599,999
424 South I Street, San Bernardino, CA 92410
Freestanding light industrial building features a 2-story office/mezzanine, truck well loading, and five drive-in doors.
Property Size20,074 SF
Price / SF$179.34
Days on Market108
Property Features for 424 South I Street
General Information
Standard status
Active
Size
20,074 SF
Property subtype
Industrial
Warehouse & Industrial
Drive-In Doors
5
Heavy Power
Yes
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Building Details
Building Size
20,074 SF
Stories
2
Listing Agency:
Assist-2-Sell, Buyers & Sellers Realty Group
(626) 705-3509
Listed By:
Henry Liu, CCIM · License #CalDRE #01104611
Source:
Sperrycga
Added: May 14
Changed: Aug 21
Last Checked: Aug 29 at 7:33AM
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 Assist-2-Sell, Buyers & Sellers Realty Group
Investment Insights
Based on property information with market context.
Freestanding light industrial building totaling 20,074 square feet with a functional 2-story office/mezzanine component. The warehouse includes truck well loading and five drive-in doors, supported by fire sprinklers. Electrical service is listed as 1,400A 480V power, with verification recommended.
The property is located just off the I-215 freeway in San Bernardino’s established industrial corridor, near OmniTrans and White Cap. The setting is suited to users seeking straightforward access for logistics, contracting, or fleet-oriented operations.
Additional details provided include availability for sale or lease, with the building configured to support both warehouse operations and on-site office needs.
The property is located just off the I-215 freeway in San Bernardino’s established industrial corridor, near OmniTrans and White Cap. The setting is suited to users seeking straightforward access for logistics, contracting, or fleet-oriented operations.
Additional details provided include availability for sale or lease, with the building configured to support both warehouse operations and on-site office needs.
Key Highlights
- Freestanding 20,074 SF light industrial building available for sale or lease
- Truck well loading with five drive‑in doors
- Includes a 2‑story office/mezzanine component
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
$223,191
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
6.20%
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%
$4,463,820
$4.5M
Cap Rate 7%
$3,188,443
$3.2M
Cap Rate 9%
$2,479,900
$2.5M
Market Conditions
NOI Build-Up for 20,074 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
$286.7K $14.28/SF
− Vacancy
−$24.1K −$1.20/SF
EGI
$262.6K $13.08/SF
− OpEx
−$39.4K −$1.96/SF
NOI
$223.2K $11.12/SF
Area
San Bernardino, CA
Vacancy
8.40%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
15.00%
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%
$4,463,820
Cap Rate 7%
$3,188,443
Cap Rate 9%
$2,479,900
Alternative Uses
Best Use
Warehouse
$3.19M
$2.79M – $3.72M
NOI $223,191 @ 7.0% cap · market cap 6.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.05M
$5.29M – $7.05M
NOI $423,192 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Drive-in doors
Yes
Heavy power
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,043
Businesses Nearby
Balanced
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- SecurCare Self Storage — 981 W Mill St, San Bernardino, CA 92410
- Burgess Moving & Storage Co — san bernardino, ca 92401
- ECANG INC — 444 W Athol St, San Bernardino, CA 92401
- Self-Storage at U-Haul — 110 S D St, San Bernardino, CA 92401
Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding light industrial building features a 2-story office/mezzanine, truck well loading, and five drive-in doors.
Where is this warehouse located?
The property is located at 424 South I Street San Bernardino, CA.
What is the asking price?
The asking price for this property is $3,599,999.
What are key features of this property?
This property features: Freestanding 20,074 SF light industrial building available for sale or lease; Truck well loading with five drive‑in doors; Includes a 2‑story office/mezzanine component
