Medical Office with
For Sale
$300,000
1811 N Waterman, San Bernardino, CA 92404
Former dental-office property near a hospital and medical practices, with interior repairs and electrical upgrades needed.
Property Size864 SF
Days on Market61
Property Features for 1811 N Waterman
General Information
Standard status
Active
Size
864 SF
Property subtype
Office
Building Details
Building Size
864 SF
Year Built
1954
Listing Agency:
REALICORE
Listed By:
David Friedman · License #01909018
(909) 810-2108
Source:
Camdenmckayre
Added: Aug 17
Changed: Oct 1
Last Checked: Oct 15 at 8:17AM
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 REALICORE
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Investment Insights
Based on property information with market context.
Built in 1954, this medical office property was previously used as a dental office and now requires interior rehabilitation. The building was damaged during an unauthorized occupancy incident, and replacement of the electrical panel is required as part of the work. The existing condition allows a purchaser to address the improvements as part of a medical-office renovation plan.
The property is located at 1811 N Waterman in San Bernardino, one block from Saint Bernadine's Hospital and near other medical professional offices. Ten dedicated parking spaces are provided at the rear. WalkScore is 51, BikeScore is 50, and TransitScore is 43.
The property is located at 1811 N Waterman in San Bernardino, one block from Saint Bernadine's Hospital and near other medical professional offices. Ten dedicated parking spaces are provided at the rear. WalkScore is 51, BikeScore is 50, and TransitScore is 43.
Key Highlights
- Medical office property built in 1954
- Previously operated as a dental office
- One block from Saint Bernadine's Hospital
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,778
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,560
$295.6K
Cap Rate 7%
$211,114
$211.1K
Cap Rate 9%
$164,200
$164.2K
Market Conditions
NOI Build-Up for 864 SF
Gross rent
$21.8K $25.20/SF
− Vacancy
−$2.1K −$2.39/SF
EGI
$19.7K $22.81/SF
− OpEx
−$4.9K −$5.70/SF
NOI
$14.8K $17.10/SF
Area
San Bernardino, CA
Vacancy
9.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,560
Cap Rate 7%
$211,114
Cap Rate 9%
$164,200
Alternative Uses
Best Use
Office B
$211.1K
$184.7K – $246.3K
NOI $14,778 @ 7.0% cap · market cap 4.93%
Second Best
Healthcare Medical
$190.5K
$166.7K – $222.3K
NOI $13,335 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$260.2K
$227.7K – $303.6K
NOI $18,215 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,597
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92404, CA
64,270
Population
19,403
Households
3.3
Avg Household Size
31
Median Age
10%
College-Educated
72%
High-School Grad
31.6 sq mi
ZIP Area
2,034
Density / Sq Mi
$66,173
Median Household Income
$36,237
Median Earnings
$1,386
Median Rent
$383,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Former dental-office property near a hospital and medical practices, with interior repairs and electrical upgrades needed.
Where is this medical office space located?
The property is located at 1811 N Waterman San Bernardino, CA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Medical office property built in 1954; Previously operated as a dental office; One block from Saint Bernadine's Hospital
