Manufacturing Flex
For Sale
$825,000
615 Oak Ct, San Bernardino, CA 92410
Manufacturing flex building with climate-controlled warehouse, mezzanine storage, and recent roof replacement.
Property Size2,980 SF
Days on Market45
Property Features for 615 Oak Ct
General Information
Standard status
Active
Size
2,980 SF
Property subtype
Industrial - Manufacturing
Additional Details
Highway Access
Yes
Conditioned Warehouse
Yes
Building Details
Building Size
2,980 SF
Year Built
1988
Year Renovated
2015
Units
1
Listing Agency:
Allied Commercial Real Estate
Listed By:
Bill Faulkner · License #02068702
(909) 578-8233
Source:
Commercialcafe
Added: Jul 29
Changed: Sep 9
Last Checked: Sep 10 at 6:07AM
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 Allied Commercial Real Estate
Investment Insights
Based on property information with market context.
This free-standing manufacturing flex building includes a climate-controlled warehouse and an additional mezzanine storage space for added operational flexibility. A recent roof replacement supports the building’s exterior upkeep.
Located at 615 Oak Ct in San Bernardino, the property provides easy access to the 10 and 210 freeways, supporting convenient inbound and outbound logistics for warehouse and light manufacturing needs.
With its flex layout and climate-controlled warehousing plus mezzanine storage, the building is suited for businesses that need both production or work space and controlled storage within a single facility.
Located at 615 Oak Ct in San Bernardino, the property provides easy access to the 10 and 210 freeways, supporting convenient inbound and outbound logistics for warehouse and light manufacturing needs.
With its flex layout and climate-controlled warehousing plus mezzanine storage, the building is suited for businesses that need both production or work space and controlled storage within a single facility.
Key Highlights
- Free‑standing manufacturing/flex building
- Climate‑controlled warehouse
- Additional mezzanine storage space
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
$38,827
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
4.71%
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%
$776,540
$776.5K
Cap Rate 7%
$554,671
$554.7K
Cap Rate 9%
$431,411
$431.4K
Market Conditions
NOI Build-Up for 2,980 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
$64.4K $21.60/SF
− Vacancy
−$4.6K −$1.56/SF
EGI
$59.7K $20.04/SF
− OpEx
−$20.9K −$7.02/SF
NOI
$38.8K $13.03/SF
Area
San Bernardino, CA
Vacancy
7.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
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%
$776,540
Cap Rate 7%
$554,671
Cap Rate 9%
$431,411
Alternative Uses
Best Use
Flex RnD
$554.7K
$485.3K – $647.1K
NOI $38,827 @ 7.0% cap · market cap 4.71%
Second Best
Warehouse
$473.3K
$414.2K – $552.2K
NOI $33,133 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$897.5K
$785.3K – $1.05M
NOI $62,823 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,160
Businesses Nearby
Well-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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Manufacturing flex building with climate-controlled warehouse, mezzanine storage, and recent roof replacement.
Where is this flex space located?
The property is located at 615 Oak Ct San Bernardino, CA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Free‑standing manufacturing/flex building; Climate‑controlled warehouse; Additional mezzanine storage space
