Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    905-1003 Waterman Ave San Bernardino, CA 92410

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    905-1003 Waterman Ave San Bernardino, CA 92410

    View on Map
    • Retail properties & Spaces
    • 150,000 SF
    • 17.30 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 905-1003 Waterman Ave

    Year built
    1969
    Lot size
    17.30 lot acres
    Property size
    150,000 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    San Bernardino
    County
    San Bernardino
    State
    California
    Longitude
    -117.279
    Latitude
    34.116

    Comparable in this City

    • Value Estimation by Request
      12,000 SF

      109 4Th St

      Individual retail properties • 12,000 SF
      109 4Th St, San Bernardino, CA 92410
      View Details
    • Value Estimation by Request

      1184 2Nd St

      Restaurants
      1184 2Nd St, San Bernardino, CA 92410
      View Details
    • Value Estimation by Request

      528 H St

      Restaurants
      528 H St, San Bernardino, CA 92410
      View Details
    • Value Estimation by Request
      810 SF

      24229 5Th St

      Distribution properties • 810 SF
      24229 5Th St, San Bernardino, CA 92410
      View Details
    • Value Estimation by Request
      1,560 SF

      200 Base Line St

      Individual retail properties • 1,560 SF
      200 Base Line St, San Bernardino, CA 92410
      View Details
    • Value Estimation by Request
      49,045 SF

      324 Base Line St

      Lifestyle centers • 49,045 SF
      324 Base Line St, San Bernardino, CA 92410
      View Details

    Similar Nearby for Sale

    • $875,000
      6,032 SF

      Remodeled Restaurant Building For Sale

      Remodeled building with three restaurants, one already leased.
      225 E Base Line St, San Bernardino, CA 92410
      View Details
    • $875,000
      6,032 SF

      San Bernardino Retail Opportunity

      Retail building on high-traffic Baseline Street with ample parking.
      225 E Base Line St, San Bernardino, CA 92410
      View Details
    • $2,000,000
      11,240 SF

      San Bernardino Commercial Opportunity

      Versatile commercial space in San Bernardino with high visibility.
      651 N Waterman Ave, San Bernardino, CA 92410
      View Details
    • Contact for pricing
      16,339 SF

      Highland Commercial Corridor Opportunity

      Investment or owner/user opportunity in the heart of Inland Empire.
      26035 Base Line St, San Bernardino, CA 92410
      View Details
    • Contact for pricing
      16,339 SF

      26035 Baseline St., San Bernardino, CA 92410

      Mixed-use properties • 16,339 SF
      26035 Base Line St, San Bernardino, CA 92410
      View Details

    Similar Nearby for Lease

    • $36,000
      6,032 SF

      Baseline Trio: Restaurant Opportunity

      Three San Bernardino restaurants, 6,032 sq ft total.
      225 Base Line St, San Bernardino, CA 92410
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space Near Airport

      Retail space available for lease near San Bernardino International Airport.
      25362 3Rd St, San Bernardino, CA 92410
      View Details
    • Contact for pricing

      Freeway Adjacent Retail Opportunity

      Retail, office, food, or auto-related uses near 215 Freeway.
      620 W Mill St, San Bernardino, CA 92410
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail space available for lease in San Bernardino, CA.
      200 W Base Line St, San Bernardino, CA 92410
      View Details
    • Contact for pricing

      High-Traffic Shopping Center Anchor Spaces

      Anchor spaces available in high-traffic San Bernardino shopping center.
      701 W 2Nd St, San Bernardino, CA 92410
      View Details
    • Contact for pricing

      Entitled Fast Food Restaurant Pad

      Commercial land for ground lease or build to suit.
      Nwc Inland Ctr Dr. & I St, San Bernardino, CA 92410
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    905-1003 Waterman Ave
    San Bernardino, CA 92410
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!