Freestanding Medical Office
For Sale
Contact for pricing
Pending
595 West Highland Avenue, San Bernardino, CA 92405
Freestanding medical office building on a high-visibility corner lot with established medical tenancy history.
Property Size2,244 SF
Lot Size0.12 Acres
Days on Market137
Property Features for 595 West Highland Avenue
General Information
Standard status
Pending
Size
2,244 SF
Class
C
Lot size
0.12 Acres
Property subtype
Office, Mixed Use, Special Purpose
Zoning
CG-1
Lease Type
Gross
Additional Details
Opportunity Zone
Yes
Road Access
Yes
Building Details
Year Built
1952
Year Renovated
1965
Buildings
1
Listing Agency:
Compass Commercial
Listed By:
Leigh Apodaca · License #01454272
Source:
Crexi
Added: Apr 23
Changed: Aug 21
Last Checked: Aug 20 at 8:35PM
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 Compass Commercial
Investment Insights
Based on property information with market context.
Freestanding medical office building positioned on a high-visibility corner lot. The property includes a 2,244 SF building and sits on a 0.12 AC parcel. The site is identified as being in an Opportunity Zone and is described as having established medical tenancy history.
The building is located on Highland Ave in San Bernardino, CA. It is on a CG-1 zoning designation described as allowing flexible commercial use.
For buyers seeking a medically oriented standalone asset, this offering combines a corner-lot presence with an operating history and a zoning classification suited to a broader set of commercial uses.
The building is located on Highland Ave in San Bernardino, CA. It is on a CG-1 zoning designation described as allowing flexible commercial use.
For buyers seeking a medically oriented standalone asset, this offering combines a corner-lot presence with an operating history and a zoning classification suited to a broader set of commercial uses.
Key Highlights
- Freestanding medical office building built in 1952
- ±2,244 SF building on a ±0.12‑acre high‑visibility corner lot on Highland Ave
- CG‑1 zoning (flexible commercial use)
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
$38,382
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
7.75%
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%
$767,640
$767.6K
Cap Rate 7%
$548,314
$548.3K
Cap Rate 9%
$426,467
$426.5K
Market Conditions
NOI Build-Up for 2,244 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
$56.5K $25.20/SF
− Vacancy
−$5.4K −$2.39/SF
EGI
$51.2K $22.81/SF
− OpEx
−$12.8K −$5.70/SF
NOI
$38.4K $17.10/SF
Area
San Bernardino, CA
Vacancy
9.50%
Lease Rate
$25.20 /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%
$767,640
Cap Rate 7%
$548,314
Cap Rate 9%
$426,467
Alternative Uses
Best Use
Office B
$548.3K
$479.8K – $639.7K
NOI $38,382 @ 7.0% cap · market cap 7.75%
Second Best
Healthcare Medical
$494.8K
$432.9K – $577.2K
NOI $34,634 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$675.8K
$591.3K – $788.5K
NOI $47,307 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
980
Businesses Nearby
Explore this area
Business Placement
Demographics for 92405, CA
32,165
Population
9,727
Households
3.3
Avg Household Size
31
Median Age
13%
College-Educated
74%
High-School Grad
5.0 sq mi
ZIP Area
6,433
Density / Sq Mi
$59,271
Median Household Income
$32,066
Median Earnings
$1,424
Median Rent
$376,800
Median Home Value
Market
Vacancy Rate% for Office 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?
Medical center - Freestanding medical office building on a high-visibility corner lot with established medical tenancy history.
Where is this medical center located?
The property is located at 595 West Highland Avenue San Bernardino, CA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Freestanding medical office building built in 1952; ±2,244 SF building on a ±0.12‑acre high‑visibility corner lot on Highland Ave; CG‑1 zoning (flexible commercial use)
