Property profile

905-1003 Waterman Ave San Bernardino, CA 92410

OFF-MARKET
Retail properties & Spaces
150,000 SF 17.3 ac lot Built 1969
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional San Bernardino County retail property, the Waterman Avenue Shopping Center, presents a unique investment opportunity. The center boasts a total of 150,000 square feet across nine single-story buildings, constructed in 1969 and renovated in 2020. Currently, there are 3,232 square feet of vacant space available, including a 1,440 square foot second-generation restaurant space ideal for a co-anchor tenant. The property also features two available outparcel pads, offering additional development potential. The center is anchored by 99 Cents Only Stores and Waterman Discount Mall, ensuring high foot traffic. The location benefits from a signalized intersection with approximately 30,000 vehicles per day (VPD) and is conveniently situated just over a mile from the I-215 San Bernardino Freeway (145,000 VPD), providing excellent accessibility. The 17.3-acre site (753,588 square feet) offers ample space, with lot sizes ranging from 0.5 to 11 acres. The property includes 961 total parking spaces and features 1000 feet of frontage on Waterman Avenue and a cross street of 9th Street. The strong population density, daytime employment, and consumer spending in the area make this a highly desirable location for businesses seeking significant exposure and growth potential. The maximum contiguous space available is 100,000 square feet. This property offers a blend of established retail space and development opportunities in a thriving commercial corridor.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1969
Total area 150,000 SF
Lot 17.3 ac (753,588 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

905-1003 Waterman Ave San Bernardino, CA 92410
San Bernardino metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 905-1003 Waterman Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message