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 Market55
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 15 at 5:23AM
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
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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
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
