Medical Office Condo with Exam
New
For Sale
$550,000
4950 San Bernardino St Unit 216, Montclair, CA 91763
Leased medical suite with ADA-remodeled reception areas, private offices, and multiple clinical rooms.
Property Size1,469 SF
Price / SF$374.40
Days on Market2
Property Features for 4950 San Bernardino St Unit 216
General Information
Standard status
Active
Size
1,469 SF
Net Operating Income
$30,852
Additional Details
Gross Income
$40,872
Highway Access
Yes
Office Units
23
Amenities
modern restrooms
designer lighting
contemporary flooring
new entrance
landscaping
new parking lot
Building Details
Year Built
1973
Year Renovated
2017
Buildings
1
Tenancy
Multi
Owner Occupied
No
Abandoned
No
Listing Agency:
Universal Elite Inc.
Listed By:
Oliver Liu · License #01919930
(909) 979-0207
Source:
Myfabuloushome
Added: Sep 1
Last Checked: Sep 1 at 8:38PM
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 Universal Elite Inc.
Investment Insights
Based on property information with market context.
Suite 216 is a 1,469-square-foot medical office condominium configured for clinical practice. The layout includes a spacious patient reception area, front desk, 3 exam rooms, 2 private offices, a nurse station, 2 entrances, a private restroom, and 2 storage rooms. Reception and waiting areas were remodeled for ADA compliance and feature marble countertops.
The suite is occupied by a pediatrician who has operated there for over 7 years, with an OBGYN physician also sharing the space. A new 3-year lease was signed on 1/1/24. Montclair Medical Building contains 23 office condominiums approved for professional and medical use, with building renovations completed in early 2017. Improvements include updated restrooms, lighting, flooring, entrance, landscaping, and parking.
The medical plaza includes Montclair Hospital Medical Center, a 102-bed facility, Community Extended Care Hospital, and Montclair Royale assisted living. The property also offers access to Interstate 10 and nearby retail, restaurants, and Montclair Plaza.
The suite is occupied by a pediatrician who has operated there for over 7 years, with an OBGYN physician also sharing the space. A new 3-year lease was signed on 1/1/24. Montclair Medical Building contains 23 office condominiums approved for professional and medical use, with building renovations completed in early 2017. Improvements include updated restrooms, lighting, flooring, entrance, landscaping, and parking.
The medical plaza includes Montclair Hospital Medical Center, a 102-bed facility, Community Extended Care Hospital, and Montclair Royale assisted living. The property also offers access to Interstate 10 and nearby retail, restaurants, and Montclair Plaza.
Key Highlights
- 1,469‑square‑foot medical office condominium in Suite 216
- Configured with 3 exam rooms, 2 private offices, a nurse station, and 2 storage rooms
- ADA‑compliant reception and waiting areas with marble countertops
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
$17,291
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
3.14%
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%
$345,820
$345.8K
Cap Rate 7%
$247,014
$247.0K
Cap Rate 9%
$192,122
$192.1K
Market Conditions
NOI Build-Up for 1,469 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
$25.0K $17.04/SF
− Vacancy
−$2.0K −$1.35/SF
EGI
$23.1K $15.69/SF
− OpEx
−$5.8K −$3.92/SF
NOI
$17.3K $11.77/SF
Area
San Bernardino County, CA
Vacancy
7.90%
Lease Rate
$17.04 /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%
$345,820
Cap Rate 7%
$247,014
Cap Rate 9%
$192,122
Alternative Uses
Best Use
Office B
$247.0K
$216.1K – $288.2K
NOI $17,291 @ 7.0% cap · market cap 3.14%
Second Best
Healthcare Medical
$174.0K
$152.2K – $203.0K
NOI $12,177 @ 7.0% cap · market cap 2.21%
Theoretical Best
Office A
$309.9K
$271.1K – $361.5K
NOI $21,690 @ 7.0% cap · market cap 3.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
23
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,322
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91763, CA
37,631
Population
10,557
Households
3.6
Avg Household Size
34
Median Age
18%
College-Educated
74%
High-School Grad
5.3 sq mi
ZIP Area
7,100
Density / Sq Mi
$77,627
Median Household Income
$37,787
Median Earnings
$1,767
Median Rent
$550,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Leased medical suite with ADA-remodeled reception areas, private offices, and multiple clinical rooms.
Where is this medical office space located?
The property is located at 4950 San Bernardino St Unit 216 Montclair, CA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1,469‑square‑foot medical office condominium in Suite 216; Configured with 3 exam rooms, 2 private offices, a nurse station, and 2 storage rooms; ADA‑compliant reception and waiting areas with marble countertops
