651 Waterman Avenue, San Bernardino, CA 92410
Owner-user industrial building with flexible interiors, gated parking, and a large secured outdoor yard for equipment and operations.
- Added:
- Jun 13, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 20 at 5:07 am
Property Features for 651 Waterman Avenue
General Information
- Standard status
- Active
- Size
- 12,140 SF
- Lot size
- 0.45 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1966
Listing agent THOMAS SUTERA License #DRE #01918546
Listing office The De Palma Group (714) 269-9072
Listing date Jun 13, 2026
Source Xome
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 The De Palma Group
HighLights
- 12,140 SF industrial building on approx. 0.45 acres with a large secured, gated yard for equipment and operations
- Commercial General zoning and flexible interior space adaptable to a variety of industrial and operational uses (buyer to verify permitted uses)
- 600‑amp electrical service plus ceiling heights ranging from approx. 10 to 20 feet
- Flat, level rectangular site with paved parking and paved road access
- Private gated parking with security lighting and high‑definition security camera systems
- Approximately 18,565 vehicles per day on N. Waterman Avenue and immediate access to Interstate 10
Overview
The building benefits from strong visibility along N. Waterman Avenue, with approximately 18,565 vehicles per day, and immediate access to Interstate 10. The location is described as being within one of San Bernardino’s primary industrial corridors, supporting day-to-day logistics and customer/worker access.
The site is positioned for users that require both building area and secure outdoor storage, including contractors, fleet operators, equipment rental companies, logistics users, trade schools, and commissary kitchen operators. With Commercial General zoning noted in the listing materials, interested parties should verify zoning, permitted uses, and all other details with the City of San Bernardino prior to closing.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $262.2k | $21.60 |
| − Vacancy | −$18.9k | −$1.56 |
| EGI | $243.3k | $20.04 |
| − OpEx | −$85.2k | −$7.02 |
| NOI | $158.2k | $13.03 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- San Bernardino
- County
- San Bernardino
- State
- California
- Longitude
- -117.2782467
- Latitude
- 34.1110062
