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    1098 Mount Vernon Ave N, Unit Vernon San Bernardino, CA 92411
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    Property profile & analytics

    1098 Mount Vernon Ave N, Unit Vernon, San Bernardino, CA 92411

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    • Flex space
    • 26,480 SF
    For Sale
    $425,000
    View Listing →
    Land in Excellent Location For Sale
    $425,000

    Land in Excellent Location

    Two parcels of land, ideal for developers' projects.

    1098 N Mount Vernon, San Bernardino, CA 92411
    View Listing
    Property ID
    US10-1441500
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Flex space

    Property Details for 1098 Mount Vernon Ave N

    Property type
    Flex space
    APN
    0139102100000

    Description

    This exceptional industrial property, located at 1098 N Mt Vernon Ave, San Bernardino, CA 92411, presents a compelling investment opportunity. The property encompasses a total of 26,480 square feet of space, classified as flex space, offering versatility for a wide range of business applications. Currently vacant, the property is available for occupancy on October 31, 2024. The asking price is $450,000. The property features a net rentable area of 1,280 square feet, within a larger building. This single-unit property is situated in San Bernardino County, California, and its address is clearly defined as 1098 N Mt Vernon Ave, San Bernardino, CA 92411, with the APN 0139102100000. The property's prime location in San Bernardino offers excellent accessibility and functionality, making it an attractive option for businesses seeking a strategic location within a growing industrial market. This is a rare opportunity to acquire a substantial industrial property at a competitive price point. The property's size and flexibility make it suitable for a variety of uses, presenting significant potential for future growth and return on investment. This property is ready for immediate development and offers a unique chance to establish a strong presence in the thriving San Bernardino industrial sector.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Bernardino
    County
    San Bernardino
    State
    California
    Longitude
    -117.314391
    Latitude
    34.1193079

    Comparable in this City

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      6,000 SF

      San Bernardino Industrial Investment Opportunity

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      San Bernardino Truck/Trailer Storage Yard

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      Industrial Warehouse For Sale

      6,000 SqFt industrial warehouse available for purchase.
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    • $199,000
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      San Bernardino Commercial Land Lot

      Commercial land lot in San Bernardino, California.
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    Similar Nearby for Sale

    • $1,185,000
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      San Bernardino Industrial Investment Opportunity

      6,000 SF industrial building for sale in San Bernardino.
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      64,033 SF

      San Bernardino Truck/Trailer Storage Yard

      1.47 acre truck/trailer storage yard with office space.
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      6,000 SF

      Industrial Warehouse For Sale

      6,000 SqFt industrial warehouse available for purchase.
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    • $199,000
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      San Bernardino Commercial Land Lot

      Commercial land lot in San Bernardino, California.
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    Similar Nearby for Lease

    • $1.25 SF/Yr

      Warehouse with Large Yard

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      San Bernardino Yard with Building

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    • $1.63 SF/Yr

      Medical Office Space Sublease

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      130,680 SF

      Industrial Land for Lease

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    San Bernardino, CA 92411
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    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
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