Property profile

1003 Waterman Ave San Bernardino, CA 92410

OFF-MARKET
Retail properties & Spaces
Property ID
US10-0670866
148,573 SF 17.28 ac lot
Entity Owned 5-yr Hold
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Property summary

AI-generated overview

This exceptional retail opportunity presents a 22,100 square foot former 99 Cents Store space within the 148,573 square foot Waterman Ave Shopping Center in San Bernardino, CA. Located on a prominent corner at two signalized intersections on Waterman Avenue and 9th Street, the property benefits from high visibility and exceptional traffic counts exceeding 40,721 vehicles per day, further enhanced by its proximity to the I-215 Freeway (149,088 VPD). The space offers ample monument signage and unobstructed views from Waterman Avenue. The shopping center itself sits on nearly 18 acres (17.28 acres) and is anchored by the Waterman Discount Mall, attracting a diverse range of local and national businesses. The property's strategic location within San Bernardino provides access to a substantial consumer base, with over 153,987 people residing within a 3-mile radius and 349,409 within a 5-mile radius. The area is further enhanced by the nearby Waterman Gardens Redevelopment Project, a planned 400+ unit affordable housing community with comprehensive social services. The property is zoned for Mixed Use within San Bernardino County (zip code 92410). This space is ideal for a variety of retail uses and presents a unique opportunity to establish a strong presence in a thriving market. The property is a single-tenant space.

Property profile

Verified
Property type Retail properties & Spaces
Total area 148,573 SF
Lot 17.28 ac (752,717 SF)
UPID US10-0670866

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store
  • Corporate Office

Location

1003 Waterman Ave San Bernardino, CA 92410
San Bernardino metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2020
4 recorded transactions
2026
Price N/A
2020
$8.5M
2019
Price N/A
2019
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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