Multi-Tenant Retail Opportunity For
For Sale
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291-297 E Highland Ave and 2180 N Waterman Ave Portfolio, San Bernardino, CA
Multi-tenant retail center with drive-thru and billboard income.
Property Size6,114 SF
Lot Size0.76 Acres
Price / SF$489.86
Days on Market361
Property Features for 291-297 E Highland Ave and 2180 N Waterman Ave Portfolio
General Information
Standard status
Active
Size
6,114 SF
Lot size
0.76 Acres
Property subtype
RETAIL
Listing Agency:
KW Commercial
(909) 980-6868
Listed By:
Rene Ramos, Jr. · License #01836872
Source:
Moodyscre
Added: Oct 14, 2025
Changed: Sep 11
Last Checked: Oct 7 at 2:56PM
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 KW Commercial
Investment Insights
Based on property information with market context.
This multi-tenant retail property is situated on approximately 0.76 acres. The center features a mix of recognizable tenants, including Subway and Baker’s Drive-Thru, alongside other established retailers. The property includes a freestanding drive-thru restaurant located on its own parcel. An on-site billboard provides supplemental income and enhances exposure for the property. The property contains 6,114 square feet and is located at 291-297 E Highland Ave and 2180 N Waterman Ave in San Bernardino, CA.
Key Highlights
- Strong, recognizable anchor tenants including Subway and Baker’s Drive‑Thru.
- Supplemental income stream from on‑site billboard.
- Free‑standing drive‑thru restaurant included.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,486
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,969,720
$2.0M
Cap Rate 7%
$1,406,943
$1.4M
Cap Rate 9%
$1,094,289
$1.1M
Market Conditions
NOI Build-Up for 6,114 SF
Gross rent
$139.4K $22.80/SF
− Vacancy
−$8.1K −$1.32/SF
EGI
$131.3K $21.48/SF
− OpEx
−$32.8K −$5.37/SF
NOI
$98.5K $16.11/SF
Area
San Bernardino, CA
Vacancy
5.80%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,969,720
Cap Rate 7%
$1,406,943
Cap Rate 9%
$1,094,289
Alternative Uses
Best Use
Specialty Retail
$1.41M
$1.23M – $1.64M
NOI $98,486 @ 7.0% cap · market cap 3.29%
Second Best
Retail
$1.18M
$1.03M – $1.38M
NOI $82,682 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $128,893 @ 7.0% cap · market cap 4.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,074
Businesses Nearby
35k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 35%
Apparel 18%
GO Car Wash
Shops & Services
9,415 visits/mo
0.4 miles
Krispy Krunchy Chicken
Dining
7,872 visits/mo
0.1 miles
7-Eleven
Shops & Services
6,726 visits/mo
0.3 miles
Goodwill
Apparel
6,301 visits/mo
0.4 miles
Santana's Mexican Food
Dining
4,273 visits/mo
0.1 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- Plaza Waterman — 013639136, San Bernardino, CA 92408
- R&a Upholstery — 433 S Waterman Ave, San Bernardino, CA 92408
- Star World Plaza — 2878 W Rialto Ave, San Bernardino, CA 92401
Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant retail center with drive-thru and billboard income.
Where is this shopping center located?
The property is located at 291-297 E Highland Ave and 2180 N Waterman Ave Portfolio San Bernardino, CA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Strong, recognizable anchor tenants including Subway and Baker’s Drive‑Thru.; Supplemental income stream from on‑site billboard.; Free‑standing drive‑thru restaurant included.
