Flex Property with Gated
New
For Sale
$1,200,000
520 Tennessee St, Redlands, CA 92373
Two buildings pair finished office suites with an attached garage suited to storage or warehouse use.
Property Size2,960 SF
Lot Size0.42 Acres
Price / SF$405.41
Days on Market3
Property Features for 520 Tennessee St
General Information
Standard status
Active
Size
2,960 SF
Total Parking Spaces
15
Lot size
0.42 Acres
Property subtype
Office
Additional Details
Condition
Built-Out
Fenced Yard
Yes
Property Use
Office/Flex
Amenities
interior restrooms
attached flex garage
Tennessee Street Signage
Building Details
Building Size
2,960 SF
Year Built
1955
Buildings
2
Listed By:
Joseph Pierik · License #CalDRE #02144961
(951) 276-3685
Source:
Lee-associates
Added: Nov 4
Last Checked: Nov 4 at 2:39PM
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 Joseph Pierik
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 520 Tennessee Street, this flex property comprises two office/flex buildings totaling 2,960 square feet on approximately 0.42 acres. The suites are built out and have interior restrooms. An attached garage provides space for storage or warehouse use.
A fenced parking area accommodates up to 15 vehicles and is secured by an electric gate. Tennessee Street signage is included, and the property is across from the Redlands Police Department. Built in 1955, the site combines office improvements, garage space, and gated vehicle parking.
A fenced parking area accommodates up to 15 vehicles and is secured by an electric gate. Tennessee Street signage is included, and the property is across from the Redlands Police Department. Built in 1955, the site combines office improvements, garage space, and gated vehicle parking.
Key Highlights
- Two office/flex buildings totaling 2,960 SF
- Site area of approximately 0.42 acres
- Built‑out office suites with interior restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,840
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$696,800
$696.8K
Cap Rate 7%
$497,714
$497.7K
Cap Rate 9%
$387,111
$387.1K
Market Conditions
NOI Build-Up for 2,960 SF
Gross rent
$50.4K $17.04/SF
− Vacancy
−$4.0K −$1.35/SF
EGI
$46.5K $15.69/SF
− OpEx
−$11.6K −$3.92/SF
NOI
$34.8K $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 Rate 5%
$696,800
Cap Rate 7%
$497,714
Cap Rate 9%
$387,111
Alternative Uses
Best Use
Office B
$497.7K
$435.5K – $580.7K
NOI $34,840 @ 7.0% cap · market cap 2.90%
Second Best
Industrial
$347.2K
$303.8K – $405.1K
NOI $24,307 @ 7.0% cap · market cap 2.03%
Theoretical Best
Office A
$624.4K
$546.3K – $728.4K
NOI $43,706 @ 7.0% cap · market cap 3.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,632
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92373, CA
35,348
Population
14,501
Households
2.4
Avg Household Size
41
Median Age
53%
College-Educated
94%
High-School Grad
39.8 sq mi
ZIP Area
888
Density / Sq Mi
$99,354
Median Household Income
$64,533
Median Earnings
$1,886
Median Rent
$713,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- LADY LA CREME CATERING AND DESSERTS — 826 Brookside Ave D, Redlands, CA 92374
- Lady La Creme Events and Catering — 826 Brookside Ave D, Redlands, CA 92374
- Catering by Carole — 663 New York St, Redlands, CA 92374
- Infinity Delights — 518 Lawton St Spc 27, Redlands, CA 92374
- Alfaro Catering — 814 W Colton Ave, Redlands, CA 92374
Frequently Asked Questions
What type of property is this?
Flex space - Two buildings pair finished office suites with an attached garage suited to storage or warehouse use.
Where is this flex space located?
The property is located at 520 Tennessee St Redlands, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two office/flex buildings totaling 2,960 SF; Site area of approximately 0.42 acres; Built‑out office suites with interior restrooms
