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    1003 Waterman Ave San Bernardino, CA 92410

    Sponsored
    For Lease
    $13 SF/Yr

    High-traffic, former 99 Cents Store

    Lot size:
    148,573 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity presents a 22,100 square foot former 99 Cents Store space within the 148,573 square foot Waterman Ave Shopping Center in San Bernardino, CA. Located on a prominent corner at two signalized intersections on Waterman Avenue and 9th Street, the property benefits from high visibility and exceptional traffic counts exceeding 40,721 vehicles per day, further enhanced by its proximity to the I-215 Freeway (149,088 VPD). The space offers ample monument signage and unobstructed views from Waterman Avenue. The shopping center itself sits on nearly 18 acres (17.28 acres) and is anchored by the Waterman Discount Mall, attracting a diverse range of local and national businesses. The property's strategic location within San Bernardino provides access to a substantial consumer base, with over 153,987 people residing within a 3-mile radius and 349,409 within a 5-mile radius. The area is further enhanced by the nearby Waterman Gardens Redevelopment Project, a planned 400+ unit affordable housing community with comprehensive social services. The property is zoned for Mixed Use within San Bernardino County (zip code 92410). This space is ideal for a variety of retail uses and presents a unique opportunity to establish a strong presence in a thriving market. The property is a single-tenant space.

    Property Features for 1003 Waterman Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    148,573 SF
    Total Rate
    163430.3

    Unit(s) available at that property

    Space
    Size
    20,090 SF
    Rate per SF
    $16

    HighLights

    • 22,100 SF second‑generation mid‑box retail space.
    • High‑visibility retail location at the busy 9th Street and Waterman intersection (36,252 VPD).
    • Excellent access with 11 points of ingress/egress.
    • Monument signage with unobstructed Waterman Avenue visibility.
    • Located in a thriving community center with numerous national and regional businesses.
    • 1.3M annual visits with a 4.78 repeat visit rate (Placer AI).
    Property Profile Location Intelligence

    Current Use by Public Records

    99 Cents Only ... Dollar Store Harold Willis Enterprises Corporate Office

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Bernardino
    County
    San Bernardino
    State
    California
    Longitude
    -117.2767049
    Latitude
    34.1179555

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    FAQs

    What type of property is this?
    Retail property - High-traffic, former 99 Cents Store
    Where is this retail property located?
    The property is located at 1003 Waterman Ave San Bernardino, CA.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 22,100 SF second-generation mid-box retail space.; High-visibility retail location at the busy 9th Street and Waterman intersection (36,252 VPD).; Excellent access with 11 points of ingress/egress.
    Request Owner's contact information
    1003 Waterman Ave San Bernardino, CA 92410
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    San Bernardino, CA 92410
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1003 Waterman Ave San Bernardino, CA 92410
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