Retail/Warehouse Flex
1270 Waterman Avenue San Bernardino, CA 92404
1270 Waterman Avenue, San Bernardino, CA, 92404
$849,000
For Sale
$849,000
Divided retail/warehouse flex layout with secure gated access and on-site parking, though the building needs repairs and updates.
Property Size3,076 SF
Lot Size0.34 Acres
Price / SF$276.01
Days on Market472
Property Features for 1270 Waterman Avenue
General Information
- Standard status
- Active
- Size
- 3,076 SF
- Lot size
- 0.34 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1962
Listing agency
CENTURY 21 LOIS LAUER REALTY
(909) 748-7000
Listed by
Jake Bevens · License #02077949
Source
Xome
Added: Apr 8, 2025 Updated: Jul 22 at 9:21PM Checked: Jul 22 at 9:21PM
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 CENTURY 21 LOIS LAUER REALTY
Investment Insights
Based on property information with market context.
This flex property is for sale and currently configured as multiple retail/warehouse spaces, offering an adaptable layout for a variety of commercial needs. The CG-1 zoned structure requires repairs and updating, presenting a value-add opportunity for an investor or owner-user. The sale also includes a second parcel that provides secure gated access and on-site parking.
The property sits in a centrally located commercial corridor and is described as being close to the DMV, with high foot traffic. The seller notes that buyers should verify all information, including zoning, boundaries, permitted use, permits, and square footage, to their satisfaction.
The property sits in a centrally located commercial corridor and is described as being close to the DMV, with high foot traffic. The seller notes that buyers should verify all information, including zoning, boundaries, permitted use, permits, and square footage, to their satisfaction.
Key Highlights
- 3,076 sq ft CG‑1 zoned commercial property divided into multiple retail/warehouse spaces
- Includes a second parcel with secure gated access
- On‑site parking for a total of 0.34 acres between the 2 parcels
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.5k | $20.64 |
| − Vacancy | −$4.1k | −$1.32 |
| EGI | $59.4k | $19.32 |
| − OpEx | −$17.8k | −$5.80 |
| NOI | $41.6k | $13.52 |
3,076 SF · lease $20.64/SF/yr · vacancy 6.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$594.3K
$520.0K – $693.3K
NOI $41,598 @ 7.0% cap · market cap 4.90%
Second Best
Flex RnD
$572.5K
$501.0K – $668.0K
NOI $40,078 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$926.4K
$810.6K – $1.08M
NOI $64,847 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Ameri Events Rental
Party Supply Store
Waterman Gardens
Pharmacy
Most Dank Meds
Medical Clinic
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Divided retail/warehouse flex layout with secure gated access and on-site parking, though the building needs repairs and updates.
Where is this flex space located?
The property is located at 1270 Waterman Avenue San Bernardino, CA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 3,076 sq ft CG‑1 zoned commercial property divided into multiple retail/warehouse spaces; Includes a second parcel with secure gated access; On‑site parking for a total of 0.34 acres between the 2 parcels
