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Property profile & analytics
OFF-MARKET
Land

0 Ostrems Way San Bernardino, CA 92407

1.63 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.63-acre commercial development site in San Bernardino, CA, presents a rare Southern California investment opportunity. Located on Ostrems Way, zip code 92407, this property consists of two parcels totaling approximately 1.63 acres and is zoned for commercial use, permitting multiple development options. The land is priced at $1,000,000, or $14.08 per square foot. Its strategic location directly off Interstate 215 offers unparalleled visibility and accessibility, boasting over 83,100 vehicles per day at the I-215 and University Parkway intersection. The site benefits from its proximity to major retailers including Walmart, Lowe's, and numerous fast-food and service businesses, ensuring high traffic and consumer visibility. Furthermore, its location is just 1.5 miles from the intersection of I-215 and Highway 210, providing convenient access to a wider regional market. The surrounding area also includes significant distribution and warehouse facilities, indicating a robust industrial presence. The strong demographics further enhance the property's appeal, with over 270,000 residents within a 5-mile radius and an average household income exceeding $69,078 within a 3-mile radius. This property offers significant potential for developers seeking a high-traffic, strategically located site in a thriving Southern California market. Inquire for additional details regarding permitted uses.

Property profile
Verified
Property type Land
Lot 1.63 ac (71,003 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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