Industrial Flex and Retail
For Sale
Contact for pricing
741 S ALLEN ST, San Bernardino, CA 92408
For-sale industrial, mixed-use flex and retail building built in 2006 totaling 10,841 SF.
Property Size10,841 SF
Price / SF$239.16
Days on Market106
Property Features for 741 S ALLEN ST
General Information
Standard status
Active
Size
10,841 SF
Class
B
Property subtype
Industrial
Building Details
Year Built
1988
Buildings
1
Stories
1
Units
1
Listing Agency:
Escondido Enterprises
Listed By:
Chris L'Allier · License #CA 1710022
Source:
Crexi
Added: May 26
Changed: Sep 6
Last Checked: Sep 7 at 1:22PM
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 Escondido Enterprises
Investment Insights
Based on property information with market context.
This for-sale industrial flex and mixed-use building includes retail space and totals 10,841 SF. The property was built on 09/01/2006 and is offered as a flexible commercial asset that can support a combination of industrial and retail uses within one structure.
The listing is located at 741 S Allen St in San Bernardino, CA 92408. The public remarks reflect an industrial, mixed-use, and retail configuration, aligning with the property’s stated flex space and warehouse classifications.
With a single combined footprint of 10,841 SF, the building is structured for tenants seeking space that blends industrial functionality with retail-oriented space.
The listing is located at 741 S Allen St in San Bernardino, CA 92408. The public remarks reflect an industrial, mixed-use, and retail configuration, aligning with the property’s stated flex space and warehouse classifications.
With a single combined footprint of 10,841 SF, the building is structured for tenants seeking space that blends industrial functionality with retail-oriented space.
Key Highlights
- Built in 2006, industrial, mixed‑use flex and retail building
- Total building size: 10,841 SF
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
$141,249
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
5.45%
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%
$2,824,980
$2.8M
Cap Rate 7%
$2,017,843
$2.0M
Cap Rate 9%
$1,569,433
$1.6M
Market Conditions
NOI Build-Up for 10,841 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
$234.2K $21.60/SF
− Vacancy
−$16.9K −$1.56/SF
EGI
$217.3K $20.04/SF
− OpEx
−$76.1K −$7.02/SF
NOI
$141.2K $13.03/SF
Area
San Bernardino, CA
Vacancy
7.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
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%
$2,824,980
Cap Rate 7%
$2,017,843
Cap Rate 9%
$1,569,433
Alternative Uses
Best Use
Flex RnD
$2.02M
$1.77M – $2.35M
NOI $141,249 @ 7.0% cap · market cap 5.45%
Second Best
Warehouse
$1.72M
$1.51M – $2.01M
NOI $120,535 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$3.26M
$2.86M – $3.81M
NOI $228,546 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
945
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92408, CA
13,488
Population
4,403
Households
3.1
Avg Household Size
32
Median Age
19%
College-Educated
73%
High-School Grad
10.5 sq mi
ZIP Area
1,285
Density / Sq Mi
$63,696
Median Household Income
$32,122
Median Earnings
$1,314
Median Rent
$407,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - For-sale industrial, mixed-use flex and retail building built in 2006 totaling 10,841 SF.
Where is this flex space located?
The property is located at 741 S ALLEN ST San Bernardino, CA.
What is the asking price?
The asking price for this property is $2,592,760.
What are key features of this property?
This property features: Built in 2006, industrial, mixed‑use flex and retail building; Total building size: 10,841 SF
