Automotive Repair Shop with Fenced
For Sale
$600,000
1897 N Mount Vernon, San Bernardino, CA 92411
Corner property with workspace, customer parking, and convenient access to the 210 and 215 freeways.
Property Size2,079 SF
Days on Market172
Property Features for 1897 N Mount Vernon
General Information
Standard status
Active
Size
2,079 SF
Property subtype
Business
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Building Details
Building Size
2,079 SF
Year Built
1945
Buildings
1
Listing Agency:
The Real Estate Shoppe
Listed By:
Michael Gracia · License #01703635
Source:
Camdenmckayre
Added: Mar 1
Changed: Aug 17
Last Checked: Aug 19 at 3:59PM
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 The Real Estate Shoppe
Investment Insights
Based on property information with market context.
This automotive repair property includes a building with generous workspace and is currently operating as an automotive repair shop. The site also accommodates customer and service vehicles with ample parking, while the large lot is fully fenced for controlled access and operational flexibility. Built in 1945, the property can support automotive or light industrial use based on its existing configuration and stated operation.
The corner location is positioned off Route 66 and offers convenient access to the 210 and 215 freeways. Its combination of workspace, parking, fencing, and freeway connectivity supports continued automotive operations or other stated light industrial applications.
The corner location is positioned off Route 66 and offers convenient access to the 210 and 215 freeways. Its combination of workspace, parking, fencing, and freeway connectivity supports continued automotive operations or other stated light industrial applications.
Key Highlights
- Currently operating as an automotive repair shop
- Large, fully fenced lot with ample parking for customer and service vehicles
- Generous workspace suited to automotive or light industrial use
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
$28,115
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
4.69%
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%
$562,300
$562.3K
Cap Rate 7%
$401,643
$401.6K
Cap Rate 9%
$312,389
$312.4K
Market Conditions
NOI Build-Up for 2,079 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
$42.9K $20.64/SF
− Vacancy
−$2.7K −$1.32/SF
EGI
$40.2K $19.32/SF
− OpEx
−$12.0K −$5.80/SF
NOI
$28.1K $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%
$562,300
Cap Rate 7%
$401,643
Cap Rate 9%
$312,389
Alternative Uses
Best Use
Retail
$401.6K
$351.4K – $468.6K
NOI $28,115 @ 7.0% cap · market cap 4.69%
Second Best
Industrial
$280.2K
$245.2K – $326.9K
NOI $19,615 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$626.1K
$547.9K – $730.5K
NOI $43,829 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
653
Businesses Nearby
196k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 28%
Groceries 26%
Dining 24%
Shops & Services 22%
The Home Depot
Home Improvements & Furnishings
55,950 visits/mo
0.3 miles
Stater Bros. Markets
Groceries
50,572 visits/mo
0.3 miles
Jack in the Box
Dining
22,204 visits/mo
0.3 miles
Dollar Tree
Shops & Services
21,596 visits/mo
0.4 miles
Shell
Shops & Services
10,695 visits/mo
0.3 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
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- Choice Auto Care & Tire’s — 1292 N H St, San Bernardino, CA 92405
Frequently Asked Questions
What type of property is this?
Auto shop - Corner property with workspace, customer parking, and convenient access to the 210 and 215 freeways.
Where is this auto shop located?
The property is located at 1897 N Mount Vernon San Bernardino, CA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Currently operating as an automotive repair shop; Large, fully fenced lot with ample parking for customer and service vehicles; Generous workspace suited to automotive or light industrial use
