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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1602 Highland Ave San Bernardino, CA 92404-4616

    • Strip malls
    • 12,480 SF
    • 1.37 lot acres
    OFF-MARKET
    Value Estimations
    $2,080,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1214204
    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.

    Current Use by Public Records

    • Amigo's Market / Convenience Store
    • Pure & Drinking Water / Bottled Water Supplier
    • Dingers Sports Bar & Grill / Cocktail Bar

    Property Details for 1602 Highland Ave

    Year built
    1958
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.37 lot acres
    Property size
    12,480 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    0150-462-02-0000
    APU
    150462020000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,360,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Bernardino
    County
    San Bernardino
    State
    California
    Longitude
    -117.252
    Latitude
    34.1372
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,401
    $569,867
    $605,400
    $1,175,267
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,055,000
      27,627 SF

      1631 Highland Ave

      SHOPPING CENTER, STRIP CENTER • 27,627 SF
      1631 Highland Ave, San Bernardino, CA 92404-4654
      View Details
    • Value Estimation
      $925,000
      6,300 SF

      124 Highland Ave

      SHOPPING CENTER, STRIP CENTER • 6,300 SF
      124 Highland Ave, San Bernardino, CA 92404-3604
      View Details
    • Value Estimation
      $915,000
      4,000 SF

      2950 Del Rosa Ave

      SHOPPING CENTER, STRIP CENTER • 4,000 SF
      2950 Del Rosa Ave, San Bernardino, CA 92404-3238
      View Details
    • Value Estimation
      $1,130,000
      7,330 SF

      271 Highland Ave

      SHOPPING CENTER, STRIP CENTER • 7,330 SF
      271 Highland Ave, San Bernardino, CA 92404-3708
      View Details
    • Value Estimation
      $1,125,000
      4,733 SF

      1673 Highland Ave

      SHOPPING CENTER, STRIP CENTER • 4,733 SF
      1673 Highland Ave, San Bernardino, CA 92404-4615
      View Details
    • Value Estimation
      $1,970,000
      11,748 SF

      1225 Lynwood Dr

      SHOPPING CENTER, STRIP CENTER • 11,748 SF
      1225 Lynwood Dr, San Bernardino, CA 92404-2752
      View Details

    Similar Nearby for Sale

    • $10,000,000
      60,912 SF

      Highland Plaza Shopping Center

      San Bernardino Retail Center - $10M
      1617 Highland Ave, San Bernardino, CA 92404
      View Details
    • $3,499,999
      41,604 SF

      Harbor Freight Anchored Retail Center

      100% leased mixed-use retail center with large parking lot.
      1666 E Highland Ave, San Bernardino, CA 92404
      View Details
    • $3,499,999
      41,604 SF

      Fully Leased Retail Center

      Fully leased retail center available for sale.
      1666-1668 E Highland Ave, San Bernardino, CA 92404
      View Details
    • $4,800,000
      36,402 SF

      San Bernardino Shopping Center For Sale

      Shopping center in a desirable San Bernardino location for sale.
      2210 E Highland Ave, San Bernardino, CA 92404
      View Details
    • $3,815,900
      17,345 SF

      San Bernardino Warehouse - $3.8M

      17,345 SF Warehouse, Excellent Location
      1275 Highland Ave, San Bernardino, CA 92404
      View Details
    • $225,000

      Retail Property Near Busy Intersection

      Two-unit retail property near Highland Avenue and N Sierra Way.
      117 E Highland Ave, San Bernardino, CA 92404
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      San Bernardino Retail Space Available

      Retail spaces available in multi-tenant neighborhood center, San Bernardino.
      2210 E Highland Ave, San Bernardino, CA 92404
      View Details
    • Contact for pricing
      2,400 SF

      San Bernardino Retail Space Available

      Multi-tenant neighborhood center with spaces suitable for various uses.
      2210 E Highland Ave, San Bernardino, CA 92404
      View Details
    • Contact for pricing

      Retail Space in Highland Commons

      Multi-tenant neighborhood center with high visibility and ample parking.
      2210 E Highland Ave, San Bernardino, CA 92404
      View Details
    • $0.09 SF/Yr
      10,000 SF

      San Bernardino Retail Space Available

      Retail space in high-traffic Stater Bros. Shopping Center.
      1470 Highland Ave, San Bernardino, CA 92404
      View Details
    • $2.00 SF/Yr

      Retail Space in Seley Plaza

      Retail space for lease in a high-traffic San Bernardino location.
      2002 East Highland Ave, San Bernardino, CA 92404
      View Details
    • $4,700 /Mo
      5,000 SF

      San Bernardino Retail Opportunity

      5,000 sq ft retail space in San Bernardino, CA.
      1700 W Highland Ave, San Bernardino, CA 92404
      View Details
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    1602 Highland Ave
    San Bernardino, CA 92404-4616
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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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