Financial
Distress signals
Property profile

651 N Waterman Ave San Bernardino, CA 92410

FOR SALE
Grocery and convenience stores
Property ID
US10-1049935
11,240 SF 0.41 ac lot Built 1966
Last sale Apr 2022 · $1,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Owner-user industrial property comprising an approximately 12,140 SF building situated on about 0.45 acres, with a secured, gated outdoor yard and private gated parking. The interior is configured for flexible industrial and operational use, and the electrical system includes a 600-amp service. Ceiling heights are estimated between approximately 10 and 20 feet, and the property features a high-definition security camera system. The site has visibility along N. Waterman Avenue and is positioned

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$19k
Tax billed · 2023
Assessed value · 2024$1.56M
Assessed land$468k
Assessed improvement$1.09M
Effective rate1.22%

Value estimate

· Sep 2026
$1.34M
$1.20M – $1.47M
AI approach$1.47M
Submarket $/SF estimate$1.77M
NOI build-up
Gross scheduled income$248k
Vacancy & credit loss−$18k
Operating expenses−$81k
NOI · 7.49% cap applied$150k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$159/SF
Submarket average, outlier-cleaned · 53 recorded sales of this use type
Observed band · Q1–Q3$75 – $250

Cap rate analysis

How does the asset earn?
7.49%
$150k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSAN BERNARDINO

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency26.0
Gym & Fitness17.0
Skin Care Clinic15.4

Location

651 N Waterman Ave San Bernardino, CA 92410
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
575 Base Line, San Bernardino, CA 92410-2853 $1,950,000 Mar 2024 12,840 SF
San Bernardino, CA 92410-3507 $240,000 Jul 2023 5,000 SF
640 Ml, San Bernardino, CA 92410-3346 $95,000 May 2023 7,104 SF
San Bernardino, CA 92410-3506 $1,134,000 Dec 2021 13,458 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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