Renovated Medical Office in San
For Sale
$1,100,000
Pending
980 North D Street, San Bernardino, CA 92410
Fully renovated medical office with ample parking in San Bernardino.
Property Size3,520 SF
Days on Market849
Property Features for 980 North D Street
General Information
Standard status
Pending
Size
3,520 SF
Property subtype
Commercial Sale / Multi Family
Building Details
Year Built
1956
Buildings
1
Listing Agency:
Coldwell Banker Commercial
Listed By:
Christa Vessell · License #02058824
(562) 495-6070
Source:
Compass
Added: May 9, 2024
Changed: Aug 8
Last Checked: Jul 24 at 3:33PM
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 Coldwell Banker Commercial
Investment Insights
Based on property information with market context.
This is a fully renovated medical office building located in San Bernardino. The property has been updated with new electrical, plumbing, and HVAC systems. The site is gated and secured, providing ample parking. The neighboring parcel, APN 0140-151-10, is included in the sale. The building is located in an opportunity zone, which provides incentives and opportunities for redevelopment.
Key Highlights
- Fully renovated medical office with new electrical, plumbing, and HVAC.
- Includes neighboring parcel (APN 0140‑151‑10) in the sale.
- Located in an opportunity zone, offering redevelopment incentives.
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
$60,208
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
5.47%
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%
$1,204,160
$1.2M
Cap Rate 7%
$860,114
$860.1K
Cap Rate 9%
$668,978
$669.0K
Market Conditions
NOI Build-Up for 3,520 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
$88.7K $25.20/SF
− Vacancy
−$8.4K −$2.39/SF
EGI
$80.3K $22.81/SF
− OpEx
−$20.1K −$5.70/SF
NOI
$60.2K $17.10/SF
Area
San Bernardino, CA
Vacancy
9.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
25.00%
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%
$1,204,160
Cap Rate 7%
$860,114
Cap Rate 9%
$668,978
Alternative Uses
Best Use
Office B
$860.1K
$752.6K – $1.00M
NOI $60,208 @ 7.0% cap · market cap 5.47%
Second Best
Healthcare Medical
$776.1K
$679.1K – $905.5K
NOI $54,327 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$1.06M
$927.6K – $1.24M
NOI $74,207 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,052
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92410, CA
51,651
Population
14,325
Households
3.6
Avg Household Size
30
Median Age
6%
College-Educated
66%
High-School Grad
8.2 sq mi
ZIP Area
6,299
Density / Sq Mi
$53,390
Median Household Income
$32,474
Median Earnings
$1,303
Median Rent
$273,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully renovated medical office with ample parking in San Bernardino.
Where is this medical office space located?
The property is located at 980 North D Street San Bernardino, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Fully renovated medical office with new electrical, plumbing, and HVAC.; Includes neighboring parcel (APN 0140‑151‑10) in the sale.; Located in an opportunity zone, offering redevelopment incentives.
