Two Freestanding Buildings in San
For Sale
Contact for pricing
1820 W 5th St. & 520 Flores St, San Bernardino, CA 92408
Two buildings with retail, office, or residential potential.
Property Size4,049 SF
Lot Size0.45 Acres
Price / SF$296.37
Days on Market175
Property Features for 1820 W 5th St. & 520 Flores St
General Information
Standard status
Active
Size
4,049 SF
Lot size
0.45 Acres
Property subtype
Retail
Investment Type
Owner/User
Building Details
Units
2
Listing Agency:
NAI Capital - Ontario
(909) 762-5489
Listed By:
Lidia Talavera · License #CA 01407598
Source:
Crexi
Added: Mar 4
Changed: Aug 8
Last Checked: Aug 24 at 9:58PM
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 NAI Capital - Ontario
Investment Insights
Based on property information with market context.
Located at 1820 W 5th Street and 520 Flores Street in San Bernardino, this offering features two freestanding buildings. The front property, situated at 1820 W 5th Street, is a ±2,024 square foot building on a ±19,600 square foot lot (0.45 acres). Previously operated as a restaurant, the space is now clear, with all furniture, fixtures, and equipment removed. The adjacent building at 520 Flores Street, formerly a car wash, comprises ±2,025 square feet on a ±14,000 square foot lot (0.32 acres). The car wash equipment has been removed, and the building has potential for residential conversion. Both properties are strategically located within an established infill corridor, offering convenient access to the 215 and 210 Freeways. They are surrounded by dense residential neighborhoods and neighborhood-serving retail. The freestanding layouts provide independent identity, strong signage opportunities, and flexible use potential including retail, office, medical, service-oriented, or residential applications. This dual-asset offering is well-suited for an owner-user seeking to operate a restaurant in the front building while utilizing the rear building as a private residence or complementary live/work space.
Key Highlights
- Dual‑asset offering: former restaurant and car wash, offering diverse potential.
- Strategic location with convenient access to the 215 and 210 Freeways.
- Former restaurant offers a clean slate for a new concept.
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
$54,756
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
4.56%
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%
$1,095,120
$1.1M
Cap Rate 7%
$782,229
$782.2K
Cap Rate 9%
$608,400
$608.4K
Market Conditions
NOI Build-Up for 4,049 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
$83.6K $20.64/SF
− Vacancy
−$5.3K −$1.32/SF
EGI
$78.2K $19.32/SF
− OpEx
−$23.5K −$5.80/SF
NOI
$54.8K $13.52/SF
Area
San Bernardino, CA
Vacancy
6.40%
Lease Rate
$20.64 /SF/Yr
Expense Ratio
30.00%
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%
$1,095,120
Cap Rate 7%
$782,229
Cap Rate 9%
$608,400
Alternative Uses
Best Use
Retail
$782.2K
$684.5K – $912.6K
NOI $54,756 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,359 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
56k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
ARCO
Shops & Services
23,014 visits/mo
0.5 miles
Dollar General
Shops & Services
15,061 visits/mo
0.3 miles
76
Shops & Services
6,981 visits/mo
0.3 miles
AutoZone
Shops & Services
5,529 visits/mo
0.3 miles
7-Eleven
Shops & Services
5,010 visits/mo
0.3 miles
Demographics for 92408, CA
13,488
Population
4,403
Households
3.1
Avg Household Size
32
Median Age
19%
College-Educated
73%
High-School Grad
10.5 sq mi
ZIP Area
1,285
Density / Sq Mi
$63,696
Median Household Income
$32,122
Median Earnings
$1,314
Median Rent
$407,300
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.
Frequently Asked Questions
What type of property is this?
Retail space - Two buildings with retail, office, or residential potential.
Where is this retail space located?
The property is located at 1820 W 5th St. & 520 Flores St San Bernardino, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Dual‑asset offering: former restaurant and car wash, offering diverse potential.; Strategic location with convenient access to the 215 and 210 Freeways.; Former restaurant offers a clean slate for a new concept.
