Turnkey Restaurant Opportunity in San
For Sale
$900,000
4775 N Sierra Way, San Bernardino, CA 92404
Fully equipped restaurant for sale on a high-visibility corner.
Property Size3,550 SF
Lot Size0.55 Acres
Price / SF$253.52
Days on Market371
Property Features for 4775 N Sierra Way
General Information
Standard status
Active
Size
3,550 SF
Lot size
0.55 Acres
Property subtype
Mixed Use
Building Details
Building Size
3,550 SF
Year Built
1951
Listing Agency:
Coldwell Banker Commercial Rea
(760) 684-8000
Listed By:
Steven Thompson · License #01963261
Source:
Camdenmckayre
Added: Aug 26, 2025
Changed: Aug 31
Last Checked: Aug 30 at 10:30PM
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 Coldwell Banker Commercial Rea
Investment Insights
Based on property information with market context.
A fully equipped restaurant is available for sale in San Bernardino, CA. The ±3,550 SF freestanding building is located on a high-visibility hard corner at N. Sierra Way and E. 48th Street. It features a full commercial kitchen with newer hood and equipment, a welcoming dining area, and a private hall suitable for events or parties. A basement, previously used as a wine cellar, offers versatile storage or specialty use potential. The property is situated on a 0.55-acre lot with ample on-site parking. Zoned Commercial General (CG), the site supports a variety of commercial uses, making it suitable for restaurateurs, caterers, or investors seeking a well-positioned food service opportunity. It is located in the heart of San Bernardino, CA.
Key Highlights
- Turnkey restaurant opportunity with a fully equipped commercial kitchen and newer hood/equipment.
- High‑visibility hard corner location** at N. Sierra Way and E. 48th Street.
- Ample on‑site parking on a ±0.55‑acre lot.
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
$57,184
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
6.35%
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%
$1,143,680
$1.1M
Cap Rate 7%
$816,914
$816.9K
Cap Rate 9%
$635,378
$635.4K
Market Conditions
NOI Build-Up for 3,550 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
$80.9K $22.80/SF
− Vacancy
−$4.7K −$1.32/SF
EGI
$76.2K $21.48/SF
− OpEx
−$19.1K −$5.37/SF
NOI
$57.2K $16.11/SF
Area
San Bernardino, CA
Vacancy
5.80%
Lease Rate
$22.80 /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%
$1,143,680
Cap Rate 7%
$816,914
Cap Rate 9%
$635,378
Alternative Uses
Best Use
Specialty Retail
$816.9K
$714.8K – $953.1K
NOI $57,184 @ 7.0% cap · market cap 6.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$935.5K – $1.25M
NOI $74,840 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
171k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Groceries 23%
Shops & Services 22%
Electronics 1%
Cardenas Market
Groceries
38,504 visits/mo
0.5 miles
Starbucks
Dining
27,920 visits/mo
0.5 miles
McDonald's
Dining
25,995 visits/mo
0.4 miles
Jack in the Box
Dining
17,152 visits/mo
0.5 miles
Del Taco
Dining
13,546 visits/mo
0.5 miles
Demographics for 92404, CA
64,270
Population
19,403
Households
3.3
Avg Household Size
31
Median Age
10%
College-Educated
72%
High-School Grad
31.6 sq mi
ZIP Area
2,034
Density / Sq Mi
$66,173
Median Household Income
$36,237
Median Earnings
$1,386
Median Rent
$383,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully equipped restaurant for sale on a high-visibility corner.
Where is this conventional restaurant located?
The property is located at 4775 N Sierra Way San Bernardino, CA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Turnkey restaurant opportunity with a **fully equipped commercial kitchen and newer hood/equipment.**; High‑visibility hard corner location** at N. Sierra Way and E. 48th Street.; Ample on‑site parking on a ±0.55‑acre lot.
