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 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 office KW Commercial (909) 980-6868
Listing date Oct 14, 2025
Source Moodyscre
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.
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.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $139.4k | $22.80 |
| − Vacancy | −$8.1k | −$1.32 |
| EGI | $131.3k | $21.48 |
| − OpEx | −$32.8k | −$5.37 |
| NOI | $98.5k | $16.11 |
Alternative Uses
Property Analytics
Current Use by Public Records
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