Industrial Warehouse with Gated
For Sale
Contact for pricing
444 Oak St, San Bernardino, CA 92401
2,400 Sq Ft building on 0.16 acre lot.
Property Size2,400 SF
Lot Size0.16 Acres
Price / SF$239.58
Days on Market146
Property Features for 444 Oak St
General Information
Standard status
Active
Size
2,400 SF
Lot size
0.16 Acres
Property subtype
Industrial
Lease Type
Absolute Net
Listing Agency:
Camelot West Commercial
Listed By:
Jennifer Esser Olivares · License #CA 00833875
Source:
Crexi
Added: Mar 18
Changed: Aug 8
Last Checked: Aug 8 at 6:46AM
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 Camelot West Commercial
Investment Insights
Based on property information with market context.
This industrial warehouse features a 2,400-square-foot building situated on a 0.16-acre lot. The property includes a large gated yard. It is suitable for a 1031 exchange.
Key Highlights
- Large gated yard for secure storage and operations.
- 2,400 sq ft building, perfect for various industrial uses.
- 0.16 acre lot provides ample space.
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
$26,684
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
4.64%
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%
$533,680
$533.7K
Cap Rate 7%
$381,200
$381.2K
Cap Rate 9%
$296,489
$296.5K
Market Conditions
NOI Build-Up for 2,400 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
$34.3K $14.28/SF
− Vacancy
−$2.9K −$1.20/SF
EGI
$31.4K $13.08/SF
− OpEx
−$4.7K −$1.96/SF
NOI
$26.7K $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%
$533,680
Cap Rate 7%
$381,200
Cap Rate 9%
$296,489
Alternative Uses
Best Use
Warehouse
$381.2K
$333.6K – $444.7K
NOI $26,684 @ 7.0% cap · market cap 4.64%
Second Best
Industrial
$323.5K
$283.1K – $377.4K
NOI $22,644 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$722.8K
$632.5K – $843.3K
NOI $50,596 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,339
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
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Frequently Asked Questions
What type of property is this?
Warehouse - 2,400 Sq Ft building on 0.16 acre lot.
Where is this warehouse located?
The property is located at 444 Oak St San Bernardino, CA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Large gated yard for secure storage and operations.; 2,400 sq ft building, perfect for various industrial uses.; 0.16 acre lot provides ample space.
