Industrial Flex Building with Secured
For Sale
$918,000
455 S G, San Bernardino, CA 92410
Versatile industrial building with office space, five ground-level loading doors, and a fully fenced secured yard.
Property Size3,952 SF
Lot Size0.39 Acres
Price / SF$232.29
Days on Market45
Property Features for 455 S G
General Information
Standard status
Active
Size
3,952 SF
Total Parking Spaces
20
Lot size
0.39 Acres
Zoning
CC2
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Drive-In Doors
5
Heavy Power
Yes
Amenities
Central Air
Central
Security, Wrought Iron
Building Details
Building Size
3,952 SF
Year Built
1988
Buildings
1
Stories
1
Listing Agency:
Century 21 Lois Lauer Realty
(530) 520-4353
Listed By:
Jake Bevens · License #02077949
(530) 520-4353
Source:
Evrealestate
Added: Jul 11
Changed: Aug 24
Last Checked: Jul 29 at 5:23PM
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 Century 21 Lois Lauer Realty
Investment Insights
Based on property information with market context.
455 S G Street is a flex-style industrial/service commercial property featuring an approximately 3,952 sq. ft. building on a ±0.39-acre fully fenced lot. The building provides a functional mix of office and warehouse space, with bathrooms on both sides, reception and breakroom areas, and additional storage. Five ground-level loading doors support straightforward warehouse access, and the property includes building signage and visibility from W. Mill Street.
A reported 400 amps of 3-phase power is available; buyers should verify electrical capacity, voltage, and suitability for their intended use. The property is listed as CCS-2 (Central City South-2) zoning, which may allow a variety of service commercial and light industrial-style uses, subject to City approval and buyer verification.
The layout includes two bathroom-equipped sides that may provide flexibility for an owner-user to occupy the full building or for the property to potentially be divided into two business spaces, subject to any required City approvals and all verification by the buyer.
A reported 400 amps of 3-phase power is available; buyers should verify electrical capacity, voltage, and suitability for their intended use. The property is listed as CCS-2 (Central City South-2) zoning, which may allow a variety of service commercial and light industrial-style uses, subject to City approval and buyer verification.
The layout includes two bathroom-equipped sides that may provide flexibility for an owner-user to occupy the full building or for the property to potentially be divided into two business spaces, subject to any required City approvals and all verification by the buyer.
Key Highlights
- Approximately 3,952 SF industrial/service commercial building on a ±0.39‑acre fully fenced lot (built in 1988).
- Office, warehouse, and secured yard/parking area layout, with office and a bathroom on both sides for flexibility.
- Five ground‑level loading doors plus reception area, breakroom, and storage 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
$67,597
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
7.36%
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%
$1,351,940
$1.4M
Cap Rate 7%
$965,671
$965.7K
Cap Rate 9%
$751,078
$751.1K
Market Conditions
NOI Build-Up for 3,952 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
$99.6K $25.20/SF
− Vacancy
−$9.5K −$2.39/SF
EGI
$90.1K $22.81/SF
− OpEx
−$22.5K −$5.70/SF
NOI
$67.6K $17.10/SF
Area
San Bernardino, CA
Vacancy
9.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
25.00%
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%
$1,351,940
Cap Rate 7%
$965,671
Cap Rate 9%
$751,078
Alternative Uses
Best Use
Office B
$965.7K
$845.0K – $1.13M
NOI $67,597 @ 7.0% cap · market cap 7.36%
Second Best
Flex RnD
$735.6K
$643.6K – $858.2K
NOI $51,491 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,314 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,160
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92410, CA
51,651
Population
14,325
Households
3.6
Avg Household Size
30
Median Age
6%
College-Educated
66%
High-School Grad
8.2 sq mi
ZIP Area
6,299
Density / Sq Mi
$53,390
Median Household Income
$32,474
Median Earnings
$1,303
Median Rent
$273,700
Median Home Value
Market
Vacancy Rate% for Office 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?
Flex space - Versatile industrial building with office space, five ground-level loading doors, and a fully fenced secured yard.
Where is this flex space located?
The property is located at 455 S G San Bernardino, CA.
What is the asking price?
The asking price for this property is $918,000.
What are key features of this property?
This property features: Approximately 3,952 SF industrial/service commercial building on a ±0.39‑acre fully fenced lot (built in 1988).; Office, warehouse, and secured yard/parking area layout, with office and a bathroom on both sides for flexibility.; Five ground‑level loading doors plus reception area, breakroom, and storage space.
