Commercial Land With Finished
For Sale
$1,150,000
25362 3rd Street, San Bernardino, CA 92410
Commercial Sale, San Bernardino, CA
Property Size2,500 SF
Lot Size0.90 Acres
Price / SF$460
Days on Market1366
Property Features for 25362 3rd Street
General Information
Property type
Residential
Property subtype
Retail
Directions
Corner of Del Rosa and 3rd across from San Bernardino Intl Airport
Subdivision
274 - San Bernardino
Standard status
Active
APN
0279192220000
Lot size
0.90 Acres
Building Details
Year built
1982
Listing Agency:
FREEMAN & ASSOCIATES
(877) 300-4289
Listed By:
Brad Freeman · License #01329426
(661) 201-7868
Added: Dec 4, 2022
Changed: Aug 24
Last Checked: Aug 31 at 12:06AM
MLS# EV22251404
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial land offering combines approximately .9 acres with a finished 2,500-square-foot building, an existing parking lot, and supporting infrastructure. The building was constructed in 1982, providing an established improvement on the site rather than an undeveloped parcel. The property is positioned at the entrance to San Bernardino International Airport, which provides daily service to San Francisco and Provo, Utah and functions as a logistics and transportation hub. Airport operations occupy 1,329 acres and include a 3,000-meter runway. The surrounding Inland Empire is identified in the property information as a major logistics region with transportation and warehousing activity, along with employers including Amazon, FedEx, UPS, Stater Brothers, the U.S. Forest Service, and the Fire Fighting Center.
Key Highlights
- Approximately .9 acres including an additional parcel
- Finished 2,500 SF building constructed in 1982
- Existing parking lot and site infrastructure
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
$33,808
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
2.94%
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%
$676,160
$676.2K
Cap Rate 7%
$482,971
$483.0K
Cap Rate 9%
$375,644
$375.6K
Market Conditions
NOI Build-Up for 2,500 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
$51.6K $20.64/SF
− Vacancy
−$3.3K −$1.32/SF
EGI
$48.3K $19.32/SF
− OpEx
−$14.5K −$5.80/SF
NOI
$33.8K $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 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%
$676,160
Cap Rate 7%
$482,971
Cap Rate 9%
$375,644
Alternative Uses
Best Use
Retail
$483.0K
$422.6K – $563.5K
NOI $33,808 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$752.9K
$658.8K – $878.4K
NOI $52,704 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Marathon
Shops & Services
3,946 visits/mo
0.1 miles
Demographics for 92410, CA
51,651
Population
14,325
Households
3.6
Avg Household Size
30
Median Age
6%
College-Educated
66%
High-School Grad
8.2 sq mi
ZIP Area
6,299
Density / Sq Mi
$53,390
Median Household Income
$32,474
Median Earnings
$1,303
Median Rent
$273,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Finished improvements, paved parking, and existing infrastructure support a range of commercial redevelopment considerations.
Where is this commercial land located?
The property is located at 25362 3rd Street San Bernardino, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Approximately .9 acres including an additional parcel; Finished 2,500 SF building constructed in 1982; Existing parking lot and site infrastructure
