Commercial Property with Rental
For Sale
$1,649,000
7282 Tippecanoe Ave, San Bernardino, CA 92404
7,964 sq-ft building with rental income and open bays.
Property Size7,964 SF
Lot Size0.46 Acres
Price / SF$207.06
Days on Market212
Property Features for 7282 Tippecanoe Ave
General Information
Standard status
Active
Size
7,964 SF
Lot size
0.46 Acres
Building Details
Year Built
1952
Listing Agency:
PACIFIC REALTY CENTER
Listed By:
Leon Salajan · License #01225795
(626) 255-7684
Source:
Myfabuloushome
Added: Mar 10
Changed: Sep 24
Last Checked: Oct 7 at 5:14PM
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 PACIFIC REALTY CENTER
Investment Insights
Based on property information with market context.
The property features a 7,964 square-foot building with two rental income streams totaling $3,800 per month. The layout includes 10 open bays, three office spaces, three restrooms, and two showers. The property's shape is an "L", extending from Tippecanoe Avenue to Base Line. It comprises two parcels, which together total 20,056 square feet.
Key Highlights
- Income‑generating property: $3,800/month rental income.
- Large 7,964 sq‑ft buildout suitable for various business purposes.
- Features 10 open bays, 3 office spaces, 3 restrooms, and 2 showers.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,700
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,154,000
$2.2M
Cap Rate 7%
$1,538,571
$1.5M
Cap Rate 9%
$1,196,667
$1.2M
Market Conditions
NOI Build-Up for 7,964 SF
Gross rent
$164.4K $20.64/SF
− Vacancy
−$10.5K −$1.32/SF
EGI
$153.9K $19.32/SF
− OpEx
−$46.2K −$5.80/SF
NOI
$107.7K $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%
$2,154,000
Cap Rate 7%
$1,538,571
Cap Rate 9%
$1,196,667
Alternative Uses
Best Use
Retail
$1.54M
$1.35M – $1.80M
NOI $107,700 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$1.46M
$1.28M – $1.70M
NOI $102,150 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $167,894 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
442
Businesses Nearby
Explore this area
Business Placement
Demographics for 92404, CA
64,270
Population
19,403
Households
3.3
Avg Household Size
31
Median Age
10%
College-Educated
72%
High-School Grad
31.6 sq mi
ZIP Area
2,034
Density / Sq Mi
$66,173
Median Household Income
$36,237
Median Earnings
$1,386
Median Rent
$383,700
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 Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - 7,964 sq-ft building with rental income and open bays.
Where is this multifamily property located?
The property is located at 7282 Tippecanoe Ave San Bernardino, CA.
What is the asking price?
The asking price for this property is $1,649,000.
What are key features of this property?
This property features: Income‑generating property: $3,800/month rental income.; Large 7,964 sq‑ft buildout suitable for various business purposes.; Features 10 open bays, 3 office spaces, 3 restrooms, and 2 showers.
