Remodeled Industrial Building For
For Sale
$2,600,000
199 HILLCREST Avenue, San Bernardino, CA 92405
Remodeled 14,235 SF industrial building with possible seller financing.
Property Size14,400 SF
Price / SF$182.65
Days on Market398
Property Features for 199 HILLCREST Avenue
General Information
Standard status
Active
Size
14,400 SF
Property subtype
Warehouse
Building Details
Building Size
14,400 SF
Year Built
1968
Listing Agency:
JACKSON RIVERO PROPERTIES, INC
Listed By:
RICK JACKSON · License #01258003
(951) 236-6958
Source:
Velocityrealtysd
Added: Sep 14, 2025
Changed: Oct 6
Last Checked: Oct 15 at 5:42AM
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 JACKSON RIVERO PROPERTIES, INC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a 14,235 square foot industrial building that has been completely remodeled. The building includes 1,287 square feet of office and restroom space. Seller financing may be available up to 50% loan-to-value.
Key Highlights
- Possible seller financing up to 50% LTV
- Completely remodeled industrial building
- Total Building Area: 14,235 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,306
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,686,120
$2.7M
Cap Rate 7%
$1,918,657
$1.9M
Cap Rate 9%
$1,492,289
$1.5M
Market Conditions
NOI Build-Up for 14,235 SF
Gross rent
$205.0K $14.40/SF
− Vacancy
−$13.1K −$0.92/SF
EGI
$191.9K $13.48/SF
− OpEx
−$57.6K −$4.04/SF
NOI
$134.3K $9.43/SF
Area
San Bernardino, CA
Vacancy
6.40%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,686,120
Cap Rate 7%
$1,918,657
Cap Rate 9%
$1,492,289
Alternative Uses
Best Use
Industrial
$1.92M
$1.68M – $2.24M
NOI $134,306 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.29M
$3.75M – $5.00M
NOI $300,097 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,057
Businesses Nearby
Explore this area
Business Placement
Demographics for 92405, CA
32,165
Population
9,727
Households
3.3
Avg Household Size
31
Median Age
13%
College-Educated
74%
High-School Grad
5.0 sq mi
ZIP Area
6,433
Density / Sq Mi
$59,271
Median Household Income
$32,066
Median Earnings
$1,424
Median Rent
$376,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Industrial property - Remodeled 14,235 SF industrial building with possible seller financing.
Where is this industrial property located?
The property is located at 199 HILLCREST Avenue San Bernardino, CA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Possible seller financing up to 50% LTV; Completely remodeled industrial building; Total Building Area: 14,235 SF
