10-Bay Auto
For Sale
$1,649,000
7282 Tippecanoe Avenue, San Bernardino, CA 92404
Commercial Sale, San Bernardino, CA
Property Size7,964 SF
Price / SF$207.06
Days on Market664
Property Features for 7282 Tippecanoe Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
North Tippecanoe to Base Line Rd and North on Tippecanoe across from U-Haul
Subdivision
274 - San Bernardino
Standard status
Active
APN
0273201190000
Amenities
office spaces
restrooms
showers
Building Details
Year built
1952
Listing Agency:
PACIFIC REALTY CENTER
(626) 373-1670
Listed By:
Leon Salajan · License #01225795
(909) 772-1190
Added: Nov 8, 2024
Changed: Sep 2
Last Checked: Sep 3 at 8:06AM
MLS# CV24230935
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1952, this automotive property contains a 7,964-square-foot buildout arranged for service and support functions. The improvements include 10 open bays, 3 office spaces, 3 restrooms, and 2 showers, along with two rental components.
The property spans an L-shaped configuration from Tippecanoe Avenue to Base Line and consists of two parcels totaling 20,056. Its San Bernardino location and established automotive layout provide a defined physical setup for continued shop use.
The property spans an L-shaped configuration from Tippecanoe Avenue to Base Line and consists of two parcels totaling 20,056. Its San Bernardino location and established automotive layout provide a defined physical setup for continued shop use.
Key Highlights
- 7,964‑square‑foot buildout
- 10 open service bays
- 3 office spaces, 3 restrooms, and 2 showers
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
$107,700
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
6.53%
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%
$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
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
$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 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%
$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
Industrial
$1.07M
$939.2K – $1.25M
NOI $75,139 @ 7.0% cap · market cap 4.56%
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
Property Profile
Current Use
Lease Details
10
Service bays
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
442
Businesses Nearby
16k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
9,785 visits/mo
0.4 miles
U-Haul Moving & Storage of Tippecanoe
Shops & Services
2,708 visits/mo
0.1 miles
CubeSmart Self Storage
Shops & Services
2,614 visits/mo
0.5 miles
CubeSmart Self Storage
Shops & Services
469 visits/mo
0.5 miles
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Pick Your Part - San Bernardino — 434 6th St, San Bernardino, CA 92410
- J&J Auto Repairs — 677 9th St, San Bernardino, CA 92410
- Ace Tow U — 591 9th St, San Bernardino, CA 92410
- D. MD's Transmission and Automotive — 677 9th st, san bernardino, ca 92410
- Tony Auto Services — 591 9th St, San Bernardino, CA 92410
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive property with office space, restrooms, showers, and multiple open service bays.
Where is this auto shop located?
The property is located at 7282 Tippecanoe Avenue 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: 7,964‑square‑foot buildout; 10 open service bays; 3 office spaces, 3 restrooms, and 2 showers
