Recently Remodeled Neighborhood
For Sale
$519,999
1408 W 9th Street, San Bernardino, CA 92411
COMMERCIAL - San Bernardino, CA
Property Size1,092 SF
Lot Size0.16 Acres
Price / SF$476.19
Days on Market93
Property Features for 1408 W 9th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
274 - San Bernardino
Standard status
Active
APN
0139174400000
Size
1,092 SF
Lot size
0.16 Acres
Building Details
Year built
1946
Listing Agency:
HomeSmart
(760) 844-7500
Listed By:
Marcos Zeledon
(310) 403-7061
Added: Jun 5
Changed: Aug 4
Last Checked: Sep 5 at 5:06PM
MLS# 219148842
Copyright © 2026 California Desert Association of REALTORS®. 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 recently remodeled storefront mini-market is offered for sale and currently operates as an established neighborhood market. The property’s interior and exterior have been described as recently remodeled, and it serves everyday home food needs along with a range of beverages, including wine, beer, and tobacco.
The business is located in San Bernardino, CA at 1408 W 9th Street (92411). Buyers should confirm all aspects of the property and operations as part of their due diligence, as information is believed accurate but not guaranteed.
The seller indicates willingness to consider assistance with DP/CC terms and the property is sold as-is. Serious buyers are encouraged to schedule a viewing with the listing agent.
The business is located in San Bernardino, CA at 1408 W 9th Street (92411). Buyers should confirm all aspects of the property and operations as part of their due diligence, as information is believed accurate but not guaranteed.
The seller indicates willingness to consider assistance with DP/CC terms and the property is sold as-is. Serious buyers are encouraged to schedule a viewing with the listing agent.
Key Highlights
- Year built: 1946
- Established neighborhood mini‑market business selling home food needs, beverages, wine, beer, and tobacco
- Recently remodeled inside and out (per remarks)
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
$17,590
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
3.38%
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%
$351,800
$351.8K
Cap Rate 7%
$251,286
$251.3K
Cap Rate 9%
$195,444
$195.4K
Market Conditions
NOI Build-Up for 1,092 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
$24.9K $22.80/SF
− Vacancy
−$1.4K −$1.32/SF
EGI
$23.5K $21.48/SF
− OpEx
−$5.9K −$5.37/SF
NOI
$17.6K $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%
$351,800
Cap Rate 7%
$251,286
Cap Rate 9%
$195,444
Alternative Uses
Best Use
Specialty Retail
$251.3K
$219.9K – $293.2K
NOI $17,590 @ 7.0% cap · market cap 3.38%
Second Best
Retail
$211.0K
$184.6K – $246.1K
NOI $14,767 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$328.9K
$287.8K – $383.7K
NOI $23,021 @ 7.0% cap · market cap 4.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
597
Businesses Nearby
46k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Shops & Services 33%
Electronics 6%
McDonald's
Dining
23,769 visits/mo
0.4 miles
AMPM
Shops & Services
6,711 visits/mo
0.5 miles
AutoZone
Shops & Services
5,750 visits/mo
0.4 miles
Domino's Pizza
Dining
2,767 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
2,691 visits/mo
0.5 miles
Demographics for 92411, CA
27,014
Population
7,065
Households
3.8
Avg Household Size
30
Median Age
7%
College-Educated
65%
High-School Grad
4.7 sq mi
ZIP Area
5,748
Density / Sq Mi
$55,457
Median Household Income
$31,320
Median Earnings
$1,355
Median Rent
$318,500
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
- La Cadena Market #3 — 1111 W 9th St, San Bernardino, CA 92411
- La Cadena Market — 1109 W 9th St, San Bernardino, CA 92411
- Jimmy's Food Store — 1620 W Base Line St, San Bernardino, CA 92411
- El Super — 1578 W Base Line St, San Bernardino, CA 92411
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Recently remodeled mini-market storefront for sale, operating as a neighborhood grocery and convenience business.
Where is this grocery and convenience store located?
The property is located at 1408 W 9th Street San Bernardino, CA.
What is the asking price?
The asking price for this property is $519,999.
What are key features of this property?
This property features: Year built: 1946; Established neighborhood mini‑market business selling home food needs, beverages, wine, beer, and tobacco; Recently remodeled inside and out (per remarks)
