Inland Empire Industrial Manufacturing
For Sale
$5,800,000
603 S Arrowhead Ave, San Bernardino, CA 92408
28,787 SF industrial property on 4.43 acres for sale.
Property Size7,373 SF
Price / SF$201.48
Days on Market275
Property Features for 603 S Arrowhead Ave
General Information
Standard status
Active
Size
7,373 SF
Property subtype
Industrial
Building Details
Building Size
7,373 SF
Year Built
1947
Listing Agency:
NAI Capital
(626) 255-7106
Listed By:
Sean Sansone · License #CalDRE #01357305
(626) 255-7106
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Aug 21
Last Checked: Aug 23 at 3:07AM
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 NAI Capital
Investment Insights
Based on property information with market context.
This industrial and manufacturing property in the Inland Empire features four buildings totaling 28,787 SF on approximately 4.43 acres. The site includes approximately 15,500 SF of metal structures, an enclosed metal building spanning approximately 6,600 SF, a truck service shop of about approximately 4,842 SF, and a two-story block building measuring approximately 1,845 SF. The property is outfitted with a two-ton bridge crane, a one-ton bridge crane, and an approximately 125-foot sky crane. Constructed in 1947 and zoned CH, this property is located at 603 S Arrowhead Ave, San Bernardino, CA 92408, within one of the fastest-growing regions in Southern California. The area offers proximity to major business hubs, vibrant retail centers, and a skilled labor force. Nearby points of interest include the Inland Center Mall, San Bernardino International Airport, and the University of Redlands. This offering presents an opportunity for industrial and manufacturing investors seeking a versatile and well-equipped asset to support their business endeavors.
Key Highlights
- Four buildings totaling 28,787 SF on 4.43 acres
- Equipped with two bridge cranes (2‑ton and 1‑ton) and a +\/-125 foot sky crane
- Includes a +\/-4,842 SF truck service shop
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
$389,296
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
6.71%
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%
$7,785,920
$7.8M
Cap Rate 7%
$5,561,371
$5.6M
Cap Rate 9%
$4,325,511
$4.3M
Market Conditions
NOI Build-Up for 28,787 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
$594.2K $20.64/SF
− Vacancy
−$38.0K −$1.32/SF
EGI
$556.1K $19.32/SF
− OpEx
−$166.8K −$5.80/SF
NOI
$389.3K $13.52/SF
Area
San Bernardino, CA
Vacancy
6.40%
Lease Rate
$20.64 /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%
$7,785,920
Cap Rate 7%
$5,561,371
Cap Rate 9%
$4,325,511
Alternative Uses
Best Use
Retail
$5.56M
$4.87M – $6.49M
NOI $389,296 @ 7.0% cap · market cap 6.71%
Second Best
Warehouse
$4.57M
$4.00M – $5.33M
NOI $320,066 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$8.67M
$7.59M – $10.11M
NOI $606,876 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,300
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
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Frequently Asked Questions
What type of property is this?
Manufacturing property - 28,787 SF industrial property on 4.43 acres for sale.
Where is this manufacturing property located?
The property is located at 603 S Arrowhead Ave San Bernardino, CA.
What is the asking price?
The asking price for this property is $5,800,000.
What are key features of this property?
This property features: Four buildings totaling 28,787 SF on 4.43 acres; Equipped with **two bridge cranes (2‑ton and 1‑ton)** and a +\/-125 foot sky crane; Includes a +\/-4,842 SF truck service shop
