Warehouse For
For Sale
$5,850,000
444 Athol, San Bernardino, CA 92401
Warehouse property for sale in San Bernardino, with somewhat walkable and good transit accessibility.
Property Size36,144 SF
Days on Market93
Property Features for 444 Athol
General Information
Standard status
Active
Size
36,144 SF
Property subtype
Industrial
Building Details
Building Size
36,144 SF
Year Built
1969
Listing Agency:
KW Commercial Inland Empire
Listed By:
Rene Ramos · License #01836872
(909) 980-6868
Source:
Elliman
Added: Jun 4
Changed: Sep 2
Last Checked: Sep 1 at 9:43PM
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 Inland Empire
Investment Insights
Based on property information with market context.
This warehouse property is available for sale in San Bernardino, CA. The available public transit, walkability, and bikeability scores indicate somewhat walkable conditions and good transit access, with a bikeability score that rates as somewhat bikeable.
The listing information provided does not include additional details on building size, office space, or specific warehouse features, so interested parties should request a full offering package for complete operational and improvement details.
The listing information provided does not include additional details on building size, office space, or specific warehouse features, so interested parties should request a full offering package for complete operational and improvement details.
Key Highlights
- Year built: 1969
- Somewhat walkable area (Walk Score: 56)
- Good transit accessibility (Transit Score: 55)
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
$401,864
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
6.87%
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%
$8,037,280
$8.0M
Cap Rate 7%
$5,740,914
$5.7M
Cap Rate 9%
$4,465,156
$4.5M
Market Conditions
NOI Build-Up for 36,144 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
$516.1K $14.28/SF
− Vacancy
−$43.4K −$1.20/SF
EGI
$472.8K $13.08/SF
− OpEx
−$70.9K −$1.96/SF
NOI
$401.9K $11.12/SF
Area
San Bernardino, CA
Vacancy
8.40%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
15.00%
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%
$8,037,280
Cap Rate 7%
$5,740,914
Cap Rate 9%
$4,465,156
Alternative Uses
Best Use
Warehouse
$5.74M
$5.02M – $6.70M
NOI $401,864 @ 7.0% cap · market cap 6.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.89M
$9.52M – $12.70M
NOI $761,973 @ 7.0% cap · market cap 13.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,711
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property for sale in San Bernardino, with somewhat walkable and good transit accessibility.
Where is this warehouse located?
The property is located at 444 Athol San Bernardino, CA.
What is the asking price?
The asking price for this property is $5,850,000.
What are key features of this property?
This property features: Year built: 1969; Somewhat walkable area (Walk Score: 56); Good transit accessibility (Transit Score: 55)
