8-Unit Retail Strip
For Sale
$1,200,999
723 W Highland, San Bernardino, CA 92405
Multi-tenant retail property with customer parking and a diversified tenant mix.
Property Size7,900 SF
Days on Market54
Property Features for 723 W Highland
General Information
Standard status
Active
Size
7,900 SF
Property subtype
Retail
Building Details
Building Size
7,900 SF
Year Built
1965
Tenancy
Multi
Listing Agency:
Remax Foothills
Listed By:
Erminia Beltran · License #02204936
(657) 325-3552
Source:
Camdenmckayre
Added: Aug 22
Changed: Oct 12
Last Checked: Oct 13 at 2:13AM
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 Remax Foothills
Investment Insights
Based on property information with market context.
This retail strip center contains 8 units in a multi-tenant configuration, providing separate spaces within a single commercial property. The improvements date to 1965, and the asset is positioned for retail occupancy with customer parking serving the center.
Located at 723 W Highland in San Bernardino, California, the property benefits from street visibility and an established Inland Empire setting. Its unit count and multi-tenant layout support a diversified retail configuration.
Located at 723 W Highland in San Bernardino, California, the property benefits from street visibility and an established Inland Empire setting. Its unit count and multi-tenant layout support a diversified retail configuration.
Key Highlights
- 8‑unit multi‑tenant retail strip center
- Customer parking serves the property
- Street visibility along W Highland
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,834
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,136,680
$2.1M
Cap Rate 7%
$1,526,200
$1.5M
Cap Rate 9%
$1,187,044
$1.2M
Market Conditions
NOI Build-Up for 7,900 SF
Gross rent
$163.1K $20.64/SF
− Vacancy
−$10.4K −$1.32/SF
EGI
$152.6K $19.32/SF
− OpEx
−$45.8K −$5.80/SF
NOI
$106.8K $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 Rate 5%
$2,136,680
Cap Rate 7%
$1,526,200
Cap Rate 9%
$1,187,044
Alternative Uses
Best Use
Retail
$1.53M
$1.34M – $1.78M
NOI $106,834 @ 7.0% cap · market cap 8.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.38M
$2.08M – $2.78M
NOI $166,545 @ 7.0% cap · market cap 13.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
927
Businesses Nearby
209k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Home Improvements & Furnishings 27%
Shops & Services 24%
The Home Depot
Home Improvements & Furnishings
55,950 visits/mo
0.5 miles
McDonald's
Dining
33,225 visits/mo
0.1 miles
Dollar Tree
Shops & Services
21,596 visits/mo
0.4 miles
Alberto's Mexican Food
Dining
10,515 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
9,498 visits/mo
0.5 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Strip mall - Multi-tenant retail property with customer parking and a diversified tenant mix.
Where is this strip mall located?
The property is located at 723 W Highland San Bernardino, CA.
What is the asking price?
The asking price for this property is $1,200,999.
What are key features of this property?
This property features: 8‑unit multi‑tenant retail strip center; Customer parking serves the property; Street visibility along W Highland
