Flex Industrial with Secured
For Sale
$918,000
Pending
455 S G, San Bernardino, CA 92410
Commercial Sale, San Bernardino, CA
Property Size3,952 SF
Lot Size0.39 Acres
Days on Market56
Property Features for 455 S G
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CC2
Directions
215 Exit Inland Center Drive heading East. North on G st. Cross Mill St. Property is on your R corner of G St and Oak CT
Subdivision
274 - San Bernardino
Standard status
Pending
APN
0136162580000
Lot size
0.39 Acres
Utilities
Cooling system
Central Air
Building Details
Year built
1988
Listing Agency:
CENTURY 21 LOIS LAUER REALTY · Century 21 Real Estate
(909) 748-7000
Listed By:
Jake Bevens · License #02077949
(530) 520-4353
Added: Jul 6
Changed: Aug 24
Last Checked: Aug 30 at 7:06AM
MLS# IG26147288
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
455 S G Street is an industrial-service commercial property featuring an approximately 3,952 sq. ft. building on a +/-0.39-acre fully fenced lot. The layout includes office space and a bathroom on both sides, along with reception and breakroom areas, storage, and five ground-level loading doors. Additional improvements include building signage and a secured yard/parking area designed for on-site operations.
The site is reported to offer access to the I-215, I-10, and I-210 freeways, and it is described as having visibility from W. Mill Street.
Zoned CCS-2 (Central City South-2), the property is described as allowing a variety of service commercial and light industrial-style uses, subject to City approval and buyer verification. The property is also reported to have +/-400 amps of 3-phase power; buyer is to verify all electrical capacity, voltage, and suitability for intended use, along with zoning, lot size, divisibility, permitted uses, and other property details.
The site is reported to offer access to the I-215, I-10, and I-210 freeways, and it is described as having visibility from W. Mill Street.
Zoned CCS-2 (Central City South-2), the property is described as allowing a variety of service commercial and light industrial-style uses, subject to City approval and buyer verification. The property is also reported to have +/-400 amps of 3-phase power; buyer is to verify all electrical capacity, voltage, and suitability for intended use, along with zoning, lot size, divisibility, permitted uses, and other property details.
Key Highlights
- Approximately 3,952 SF industrial/service commercial building on a +/-0.39‑acre fully fenced lot
- Central Air and five ground‑level loading doors for warehouse/service use
- Office and bathroom space on both sides, with reception, breakroom, and storage areas
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
$51,491
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
5.61%
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%
$1,029,820
$1.0M
Cap Rate 7%
$735,586
$735.6K
Cap Rate 9%
$572,122
$572.1K
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
$85.4K $21.60/SF
− Vacancy
−$6.1K −$1.56/SF
EGI
$79.2K $20.04/SF
− OpEx
−$27.7K −$7.02/SF
NOI
$51.5K $13.03/SF
Area
San Bernardino, CA
Vacancy
7.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
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%
$1,029,820
Cap Rate 7%
$735,586
Cap Rate 9%
$572,122
Alternative Uses
Best Use
Flex RnD
$735.6K
$643.6K – $858.2K
NOI $51,491 @ 7.0% cap · market cap 5.61%
Second Best
Warehouse
$627.7K
$549.3K – $732.3K
NOI $43,940 @ 7.0% cap · market cap 4.79%
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
1,164
Businesses Nearby
Balanced
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 Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial-service building with offices on both sides, 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; Central Air and five ground‑level loading doors for warehouse/service use; Office and bathroom space on both sides, with reception, breakroom, and storage areas
