Storefront
New
For Sale
$499,000
228 E 40th, San Bernardino, CA 92404
A 1955-built storefront is offered individually or as part of a three-property portfolio.
Property Size2,059 SF
Days on Market3
Property Features for 228 E 40th
General Information
Standard status
Active
Size
2,059 SF
Property subtype
Retail
Site & Location
Neighborhood
Wildwood Park
Building Details
Building Size
2,059 SF
Year Built
1955
Listing Agency:
Grand Lux Realty & Financial
Listed By:
Johnny Yu · License #02014249
(562) 331-5555
Source:
Camdenmckayre
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 4 at 3:16PM
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 Grand Lux Realty & Financial
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Investment Insights
Based on property information with market context.
Built in 1955, this storefront property is available as a standalone sale or together with the properties at 224 and 220 E. 40th St. The portfolio option includes three properties in total.
Nearby retailers named in the property information include McDonald’s, Jack in the Box, Stater Bros. Market, Del Taco, TJ Maxx, and Starbucks.
Nearby retailers named in the property information include McDonald’s, Jack in the Box, Stater Bros. Market, Del Taco, TJ Maxx, and Starbucks.
Key Highlights
- Built in 1955
- Can be acquired individually or with 220 and 224 E. 40th St.
- Named nearby retailers include McDonald’s, Jack in the Box, Stater Bros. Market, Del Taco, TJ Maxx, and Starbucks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,845
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$556,900
$556.9K
Cap Rate 7%
$397,786
$397.8K
Cap Rate 9%
$309,389
$309.4K
Market Conditions
NOI Build-Up for 2,059 SF
Gross rent
$42.5K $20.64/SF
− Vacancy
−$2.7K −$1.32/SF
EGI
$39.8K $19.32/SF
− OpEx
−$11.9K −$5.80/SF
NOI
$27.8K $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 Rate 5%
$556,900
Cap Rate 7%
$397,786
Cap Rate 9%
$309,389
Alternative Uses
Best Use
Retail
$397.8K
$348.1K – $464.1K
NOI $27,845 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$620.1K
$542.6K – $723.5K
NOI $43,407 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
289k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 32%
Groceries 31%
Shops & Services 24%
Apparel 12%
Stater Bros. Markets
Groceries
49,754 visits/mo
0.0 miles
Cardenas Market
Groceries
38,504 visits/mo
0.2 miles
T.J. Maxx
Apparel
35,706 visits/mo
0.2 miles
Starbucks
Dining
27,920 visits/mo
0.2 miles
McDonald's
Dining
25,995 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Aidas's flower — 3902 Genevieve St N, San Bernardino, CA 92405
Frequently Asked Questions
What type of property is this?
Storefront property - A 1955-built storefront is offered individually or as part of a three-property portfolio.
Where is this storefront property located?
The property is located at 228 E 40th San Bernardino, CA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Built in 1955; Can be acquired individually or with 220 and 224 E. 40th St.; Named nearby retailers include McDonald’s, Jack in the Box, Stater Bros. Market, Del Taco, TJ Maxx, and Starbucks
