Vacant Flex
For Sale
Contact for pricing
24646 Redlands Boulevard, Loma Linda, CA 92354
Vacant flex condo with reception, private offices, and warehouse access via a grade-level roll-up door.
Property Size1,369 SF
Price / SF$291.45
Days on Market99
Property Features for 24646 Redlands Boulevard
General Information
Standard status
Active
Size
1,369 SF
Total Parking Spaces
60
Property subtype
Retail, Mixed Use
Zoning
C-2
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1982
Year Renovated
2024
Buildings
1
Units
14
Listing Agency:
RE/MAX TIME
Listed By:
Nathan Bragg · License #CA 01340519
(909) 210-3175
Source:
Crexi
Added: Jun 1
Changed: Sep 4
Last Checked: Sep 7 at 8:21AM
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 RE/MAX TIME
Investment Insights
Based on property information with market context.
This vacant commercial flex condominium offers a practical combination of office and warehouse space. The interior includes a reception area, private offices, and warehouse space with grade-level roll-up door access. There are two restrooms, including one with a shower, supporting a range of daily business needs for an owner-user or operating company.
The property is positioned within the Redlands Boulevard Business Park in Loma Linda, California. It sits along Redlands Boulevard and provides immediate access to Interstate 10, with visibility tied to the main thoroughfare. Major regional retailers are located nearby, including Costco, Sam's Club, Home Depot, Lowe's, Target, and Walmart.
With its split layout of reception and private offices alongside grade-level warehouse functionality, the space can accommodate businesses that need both customer or administrative space and straightforward loading access. The property is currently vacant, providing the ability for an incoming buyer or operator to move in without waiting for tenant turnover.
The property is positioned within the Redlands Boulevard Business Park in Loma Linda, California. It sits along Redlands Boulevard and provides immediate access to Interstate 10, with visibility tied to the main thoroughfare. Major regional retailers are located nearby, including Costco, Sam's Club, Home Depot, Lowe's, Target, and Walmart.
With its split layout of reception and private offices alongside grade-level warehouse functionality, the space can accommodate businesses that need both customer or administrative space and straightforward loading access. The property is currently vacant, providing the ability for an incoming buyer or operator to move in without waiting for tenant turnover.
Key Highlights
- Vacant 1,368 SF commercial flex condominium in the Redlands Boulevard Business Park (Loma Linda, CA), available for immediate occupancy.
- Functional interior includes a reception area and private offices, plus warehouse space for flexible use.
- Warehouse has grade‑level roll‑up door access for loading and easy business operations.
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
$13,651
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
3.42%
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%
$273,020
$273.0K
Cap Rate 7%
$195,014
$195.0K
Cap Rate 9%
$151,678
$151.7K
Market Conditions
NOI Build-Up for 1,369 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
$17.1K $12.48/SF
− Vacancy
−$1.0K −$0.75/SF
EGI
$16.1K $11.73/SF
− OpEx
−$2.4K −$1.76/SF
NOI
$13.7K $9.97/SF
Area
San Bernardino County, CA
Vacancy
6.00%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
15.00%
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%
$273,020
Cap Rate 7%
$195,014
Cap Rate 9%
$151,678
Alternative Uses
Best Use
Warehouse
$195.0K
$170.6K – $227.5K
NOI $13,651 @ 7.0% cap · market cap 3.42%
Second Best
Industrial
$160.6K
$140.5K – $187.4K
NOI $11,242 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$288.8K
$252.7K – $336.9K
NOI $20,214 @ 7.0% cap · market cap 5.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,212
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92354, CA
22,626
Population
8,975
Households
2.5
Avg Household Size
37
Median Age
48%
College-Educated
91%
High-School Grad
5.0 sq mi
ZIP Area
4,525
Density / Sq Mi
$86,063
Median Household Income
$44,487
Median Earnings
$1,711
Median Rent
$539,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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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 - Vacant flex condo with reception, private offices, and warehouse access via a grade-level roll-up door.
Where is this flex space located?
The property is located at 24646 Redlands Boulevard Loma Linda, CA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Vacant 1,368 SF commercial flex condominium in the Redlands Boulevard Business Park (Loma Linda, CA), available for immediate occupancy.; Functional interior includes a reception area and private offices, plus warehouse space for flexible use.; Warehouse has grade‑level roll‑up door access for loading and easy business operations.
