Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    225 Airport Dr San Bernardino, CA 92408
    Property profile & analytics

    225 Airport Dr, San Bernardino, CA 92408

    View on Map
    • Office Spaces
    • 14,676 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Advanced Healthcare for Women & Children / Medical Clinic
    • Southeast California College / College / Medical School
    • Medical Legal Management Specialist / Law Firm
    • Little Me Zone / Arcade & Gaming Center
    • Watkin George S MD / Physician

    Property Details for 225 Airport Dr

    Year built
    1978
    Property type
    Office Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional value-add investment opportunity presents a two-story, 14,676 square foot medical office building situated on a 51,400 square foot lot in San Bernardino, CA. Built in 1978, the property boasts 90% occupancy across 9 tenants, including notable names such as South East College of Nursing and a Culture dispensary, reflecting a diverse tenant mix. The building features 12 units and offers a strong potential for rent increases. Currently generating a NOI of $216,700 and a 6.99% cap rate, this property is priced at $3,100,000 ($211.23/sq ft) and operates under a gross lease structure. Conveniently located near restaurants, hotels, and the I-10 and I-215 freeway interchange, this asset presents a compelling investment prospect. The seller is motivated due to a dissolving partnership and is actively reviewing reasonable offers following a recent price reduction. The property's address is 225 E Airport Dr, San Bernardino, CA 92408. This is a multi-tenant building with a strong tenant base and significant upside potential.

    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
    -117.283
    Latitude
    34.0671

    Comparable in this City

    • Value Estimation by Request
      10,147 SF

      406 Vanderbilt Way

      Medical Office Space
      406 Vanderbilt Way, San Bernardino, CA 92408
      View Details
    • Value Estimation by Request
      16,707 SF

      1465 D St

      Medical Office Space
      1465 D St, San Bernardino, CA 92408
      View Details
    • Value Estimation by Request
      14,453 SF

      735 Carnegie Dr

      Office Units
      735 Carnegie Dr, San Bernardino, CA 92408
      View Details
    • Value Estimation by Request

      685 Carnegie Dr

      Office Units
      685 Carnegie Dr, San Bernardino, CA 92408
      View Details
    • Value Estimation by Request
      22,826 SF

      242 Airport Dr

      Medical Office Space
      242 Airport Dr, San Bernardino, CA 92408
      View Details
    • Value Estimation by Request

      621 Carnegie Dr

      Office Units
      621 Carnegie Dr, San Bernardino, CA 92408
      View Details

    Similar Nearby for Sale

    • $2,800,000
      6,938 SF

      San Bernardino Commercial Opportunity Zone Property

      Commercial property in San Bernardino Opportunity Zone, suitable for various uses.
      484 E Redlands Blvd, San Bernardino, CA 92408
      View Details
    • Contact for pricing
      7,660 SF

      San Bernardino Office Building For Sale

      7,660 SF office building divisible into two units.
      1839-1847 Commercenter W, San Bernardino, CA 92408
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      30,000 SF

      Loma Linda Medical Office Space

      New medical building near Loma Linda Hospital, 4,370-12,370 SF available.
      25258 Redlands Blvd, Loma Linda, CA 92408
      View Details
    • Contact for pricing

      San Bernardino Office and Industrial

      Office and industrial spaces available for rent in San Bernardino.
      362 W Orange Show Ln, San Bernardino, CA 92408
      View Details
    • Contact for pricing

      Office Space in Tri-City Center

      Office space available for rent in Tri-City Corporate Centre.
      650 E Hospitality Ln, San Bernardino, CA 92408
      View Details
    • Contact for pricing

      Office Space with Free Parking

      Office space with free parking and convenient freeway access.
      473 East Carnegie Dr, San Bernardino, CA 92408
      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.
    225 Airport Dr
    San Bernardino, CA 92408
    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

    Thank You for Inquiry
    225 Airport Dr, San Bernardino, CA, 92408
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!