San Bernardino Commercial Property
4240 Hallmark Pkwy San Bernardino, CA 92407
4240 Hallmark Pkwy, San Bernardino, CA, 92407
$1,792,000
For Sale
$1,792,000
Versatile commercial property suitable for medical, office, or warehouse use.
Property Size9,588 SF
Lot Size0.97 Acres
Price / SF$186.90
Days on Market400
Property Features for 4240 Hallmark Pkwy
General Information
- Standard status
- Active
- Size
- 9,588 SF
- Lot size
- 0.97 Acres
Listing Agency
1000 Realty Corporation
(626) 233-3678
Listed by
Benjamin Lin
(626) 233-3678
Source
Exprealty
Added: Jun 13, 2025 Checked: Jul 15 at 10:15 pm
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 1000 Realty Corporation
Investment Insights
Based on property information with market context.
This commercial property is suitable for medical office, office, or warehouse use. The zoning permits cannabis businesses. The property is located near Walmart and Lowe's on Hallmark Parkway in San Bernardino, offering convenient access to the 215 Freeway and proximity to Cal State San Bernardino. A shopping mall is located on the same street. The surrounding area includes offices and warehouses occupied by various companies and firms. A new warehouse is located next door. Constructed in 1991, the property features a 9,588 sq. ft. building on a 42,000 sq. ft. lot, complete with ample parking space and a safety iron gate. The building has 8-foot ceilings on each floor. The property has undergone over $200,000 in repairs and upgrades. The large lot presents an opportunity to add an additional 5,000 to 10,000 sq. ft. of space, similar to neighboring properties. The zoning allows for warehouse and medical use. According to the seller, this property is suitable for distribution, a product showroom, a processing center, a medical office, office space, a towing company, or a warehouse. The buyer is responsible for verifying usage.
Key Highlights
- Large 42,000 sq. ft. lot with a 9,588 sq. ft. building and ample parking.
- Excellent location near Walmart, Lowe's, and the 215 Freeway.
- Zoning allows for Cannabis House, warehouse, and medical use.
Local Financial Insights For Office B
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 | $241.6k | $25.20 |
| − Vacancy | −$23.0k | −$2.39 |
| EGI | $218.7k | $22.81 |
| − OpEx | −$54.7k | −$5.70 |
| NOI | $164.0k | $17.10 |
9,588 SF · lease $25.20/SF/yr · vacancy 9.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.34M
$2.05M – $2.73M
NOI $163,998 @ 7.0% cap · market cap 9.15%
Second Best
Healthcare Medical
$2.11M
$1.85M – $2.47M
NOI $147,980 @ 7.0% cap · market cap 8.26%
Theoretical Best
Office A
$2.89M
$2.53M – $3.37M
NOI $202,130 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Versatile commercial property suitable for medical, office, or warehouse use.
Where is this medical office space located?
The property is located at 4240 Hallmark Pkwy San Bernardino, CA.
What is the asking price?
The asking price for this property is $1,792,000.
What are key features of this property?
This property features: Large 42,000 sq. ft. lot with a 9,588 sq. ft. building and ample parking.; Excellent location near Walmart, Lowe's, and the 215 Freeway.; Zoning allows for Cannabis House, warehouse, and medical use.
