5-Unit Retail Shopping
New
For Sale
$1,788,000
415 W 5th, San Bernardino, CA 92401
Fully leased corner-center with dual street access, on-site parking, and a new foam roof.
Property Size5,248 SF
Lot Size0.46 Acres
Price / SF$340.70
Days on Market2
Property Features for 415 W 5th
General Information
Standard status
Active
Size
5,248 SF
Total Parking Spaces
21
Lot size
0.46 Acres
Property subtype
Commercial
Occupancy
100%
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
5,248 SF
Year Built
1988
Tenancy
Multi
Listed By:
Donald La
Source:
Elliman
Added: Sep 11
Changed: Sep 12
Last Checked: Sep 12 at 7:46AM
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 Donald La
Investment Insights
Based on property information with market context.
This 5-unit retail shopping center contains approximately 5,248 SF of building area on a 20,000 SF lot. Built in 1988, the property is 100% leased and includes a new foam roof. On-site parking provides approximately 21 spaces, including ADA spaces, subject to buyer verification.
The center occupies a signalized corner in downtown San Bernardino, with separate entry and exit points connecting to both 5th Street and D Street. A monument sign at the corner serves the center and its tenants. The property is adjacent to a State Government Building and near City Hall, the County Administration Building, and the main Post Office. Access to the 215 Freeway, along with a 72 walk score, 52 bike score, and 52 transit score, adds to the site's transportation connectivity.
The center occupies a signalized corner in downtown San Bernardino, with separate entry and exit points connecting to both 5th Street and D Street. A monument sign at the corner serves the center and its tenants. The property is adjacent to a State Government Building and near City Hall, the County Administration Building, and the main Post Office. Access to the 215 Freeway, along with a 72 walk score, 52 bike score, and 52 transit score, adds to the site's transportation connectivity.
Key Highlights
- 5‑unit retail shopping center with approximately 5,248 SF of building area
- 100% leased; approximately 21 on‑site parking spaces, including ADA spaces
- Situated on a 20,000 SF lot at a signalized corner
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
$70,970
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
3.97%
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%
$1,419,400
$1.4M
Cap Rate 7%
$1,013,857
$1.0M
Cap Rate 9%
$788,556
$788.6K
Market Conditions
NOI Build-Up for 5,248 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
$108.3K $20.64/SF
− Vacancy
−$6.9K −$1.32/SF
EGI
$101.4K $19.32/SF
− OpEx
−$30.4K −$5.80/SF
NOI
$71.0K $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%
$1,419,400
Cap Rate 7%
$1,013,857
Cap Rate 9%
$788,556
Alternative Uses
Best Use
Retail
$1.01M
$887.1K – $1.18M
NOI $70,970 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,636 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,930
Businesses Nearby
270k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 32%
Leisure 10%
Hotels & Casinos 3%
In-N-Out Burger
Dining
66,863 visits/mo
0.5 miles
Starbucks
Dining
28,903 visits/mo
0.5 miles
Regal Cinemas San Bernardino 14 & RPX
Leisure
27,114 visits/mo
0.2 miles
Panda Express
Dining
22,227 visits/mo
0.5 miles
Bank of America
Shops & Services
21,721 visits/mo
0.3 miles
Demographics for 92401, CA
2,016
Population
745
Households
2.7
Avg Household Size
31
Median Age
12%
College-Educated
55%
High-School Grad
0.7 sq mi
ZIP Area
2,880
Density / Sq Mi
$42,898
Median Household Income
$25,514
Median Earnings
$1,155
Median Rent
$348,400
Median Home Value
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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Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased corner-center with dual street access, on-site parking, and a new foam roof.
Where is this shopping center located?
The property is located at 415 W 5th San Bernardino, CA.
What is the asking price?
The asking price for this property is $1,788,000.
What are key features of this property?
This property features: 5‑unit retail shopping center with approximately 5,248 SF of building area; 100% leased; approximately 21 on‑site parking spaces, including ADA spaces; Situated on a 20,000 SF lot at a signalized corner
