Fenced Industrial
For Sale
Contact for pricing
565 E Caroline St., San Bernardino, CA 92408
IL-zoned site with a gated layout, on-site utilities, and an existing two-story structure.
Property Size2,927 SF
Price / SF$273.32
Days on Market14
Property Features for 565 E Caroline St.
General Information
Standard status
Active
Size
2,927 SF
Property subtype
Office, Industrial, Land
Zoning
IL
Listing Agency:
MGR Real Estate
(909) 917-2179
Listed By:
Tony Hermosillo · License #CA 01756910
Source:
Crexi
Added: Aug 19
Changed: Aug 29
Last Checked: Aug 29 at 11:18AM
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 MGR Real Estate
Investment Insights
Based on property information with market context.
This industrial land offering includes a 21,300-square-foot yard and a 2,927-square-foot, two-story structure. The site is fully enclosed and gated, with utilities already in place to support operational use. The existing improvements provide space for immediate commercial activity alongside outdoor yard functions.
Access to I-10, I-215, and major freight routes supports transportation-oriented operations, equipment storage, fleet parking, and light industrial use. IL zoning establishes the property’s industrial land-use designation. The configuration is suited to contractors, logistics users, and small industrial operators seeking a combination of secured outdoor area and building space in San Bernardino.
Access to I-10, I-215, and major freight routes supports transportation-oriented operations, equipment storage, fleet parking, and light industrial use. IL zoning establishes the property’s industrial land-use designation. The configuration is suited to contractors, logistics users, and small industrial operators seeking a combination of secured outdoor area and building space in San Bernardino.
Key Highlights
- 21,300 SF industrial yard
- 2,927 SF two‑story structure
- IL zoning
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
$27,616
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
3.45%
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%
$552,320
$552.3K
Cap Rate 7%
$394,514
$394.5K
Cap Rate 9%
$306,844
$306.8K
Market Conditions
NOI Build-Up for 2,927 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
$42.1K $14.40/SF
− Vacancy
−$2.7K −$0.92/SF
EGI
$39.5K $13.48/SF
− OpEx
−$11.8K −$4.04/SF
NOI
$27.6K $9.43/SF
Area
San Bernardino, CA
Vacancy
6.40%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$552,320
Cap Rate 7%
$394,514
Cap Rate 9%
$306,844
Alternative Uses
Best Use
Industrial
$394.5K
$345.2K – $460.3K
NOI $27,616 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$881.5K
$771.3K – $1.03M
NOI $61,706 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,855
Businesses Nearby
Explore this area
Business Placement
Demographics for 92408, CA
13,488
Population
4,403
Households
3.1
Avg Household Size
32
Median Age
19%
College-Educated
73%
High-School Grad
10.5 sq mi
ZIP Area
1,285
Density / Sq Mi
$63,696
Median Household Income
$32,122
Median Earnings
$1,314
Median Rent
$407,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Industrial land - IL-zoned site with a gated layout, on-site utilities, and an existing two-story structure.
Where is this industrial land located?
The property is located at 565 E Caroline St. San Bernardino, CA.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: 21,300 SF industrial yard; 2,927 SF two‑story structure; IL zoning
