0 Ostrems Way San Bernardino, CA 92407
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.