Flex Space with 14-Foot Clear
New
For Sale
$1,749,000
1831 Commercenter W, San Bernardino, CA 92408
Commercial flex space suited to owner-user occupancy with a functional warehouse profile.
Property Size6,480 SF
Price / SF$269.91
Days on Market4
Property Features for 1831 Commercenter W
General Information
Standard status
Active
Size
6,480 SF
Property subtype
Office Warehouse
Additional Details
Clear Height
14 ft
Amenities
±6,480 SF flex building with secured side yard
Located in Commerce Business Center of San Bernardino
Features reception area, an executive office space, conference room, and break area
1/2 mile from I-10 and I-215 interchange
Ample parking on site
Building Details
Building Size
6,480 SF
Year Built
1980
Listed By:
Drew Wetherholt · License #License(s): CA: 01065168
(909) 456-7019
Source:
Marcusmillichap
Added: Sep 19
Last Checked: Sep 21 at 3:41AM
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 Drew Wetherholt
Investment Insights
Based on property information with market context.
This 6,480-square-foot flex property was constructed in 1980 and offers 14-foot clear height. The building provides a warehouse-oriented configuration within a commercial property format, supporting owner-user occupancy.
Located at 1831 Commercenter W in San Bernardino, California, the property is positioned within the Commercenter area. Its combination of flex classification, substantial interior volume, and established construction date creates a practical profile for commercial operations requiring warehouse space.
Located at 1831 Commercenter W in San Bernardino, California, the property is positioned within the Commercenter area. Its combination of flex classification, substantial interior volume, and established construction date creates a practical profile for commercial operations requiring warehouse space.
Key Highlights
- 6,480 SF flex property
- 14‑foot clear height
- Constructed in 1980
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
$84,429
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
4.83%
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%
$1,688,580
$1.7M
Cap Rate 7%
$1,206,129
$1.2M
Cap Rate 9%
$938,100
$938.1K
Market Conditions
NOI Build-Up for 6,480 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
$140.0K $21.60/SF
− Vacancy
−$10.1K −$1.56/SF
EGI
$129.9K $20.04/SF
− OpEx
−$45.5K −$7.02/SF
NOI
$84.4K $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%
$1,688,580
Cap Rate 7%
$1,206,129
Cap Rate 9%
$938,100
Alternative Uses
Best Use
Flex RnD
$1.21M
$1.06M – $1.41M
NOI $84,429 @ 7.0% cap · market cap 4.83%
Second Best
Warehouse
$1.03M
$900.6K – $1.20M
NOI $72,047 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,609 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
14 ft
Clear height
Location Intelligence
Trade Area within ½ mile
2,086
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
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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Similar Off Market Nearby
- Royal Catering Co — 310 E Industrial Rd, San Bernardino, CA 92408
Frequently Asked Questions
What type of property is this?
Flex space - Commercial flex space suited to owner-user occupancy with a functional warehouse profile.
Where is this flex space located?
The property is located at 1831 Commercenter W San Bernardino, CA.
What is the asking price?
The asking price for this property is $1,749,000.
What are key features of this property?
This property features: 6,480 SF flex property; 14‑foot clear height; Constructed in 1980
