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

    1860 Mount Vernon Ave San Bernardino, CA 92411

    • Commercial real estate
    • 64,220 SF
    • 1.47 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0614006
    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

    • Commercial real estate

    Property Details for 1860 Mount Vernon Ave

    Lot size
    1.47 lot acres
    Property size
    64,220 SF
    Property type
    Commercial real estate

    Description

    This exceptional 1.47-acre industrial property, located at 1860 N Mt Vernon Ave in San Bernardino, California (zip code 92411), presents a compelling investment opportunity. Boasting a substantial 64,220 square feet of fully improved land, the property is priced at $1,800,000, translating to $28.03 per square foot. The site benefits from a highly desirable corner location with off-site improvements already in place. Utilities are readily available, including gas, water, sewer, and electric service. Furthermore, high-speed fiber optic internet access is available. The property is zoned CH/No, permitting a range of uses including towing, auto repair, equipment sales, and repair services. Its strategic location provides excellent access to the 215 freeway, ensuring convenient transportation and logistics. This property is ideal for businesses seeking a well-situated, fully improved industrial site with ample space and versatile zoning. The property's size and location make it a rare find in the San Bernardino market. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Bernardino
    County
    San Bernardino
    State
    California
    Longitude
    -117.314277
    Latitude
    34.132124

    Comparable in this City

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      San Bernardino Industrial Property

      Industrial property for sale in San Bernardino, California.
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    • $1,800,000
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      Improved Land in San Bernardino

      64,220 SF corner lot with development opportunities.
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    • $199,000
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      San Bernardino Commercial Lot Opportunity

      Commercial lot in San Bernardino with CG-1 zoning.
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      San Bernardino Parking Lot Opportunity

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    Similar Nearby for Sale

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      San Bernardino Industrial Property

      Industrial property for sale in San Bernardino, California.
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    • $1,800,000
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      Improved Land in San Bernardino

      64,220 SF corner lot with development opportunities.
      1860 N Mount Vernon Ave, San Bernardino, CA 92411
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    • $199,000
      20,000.00 Acres

      San Bernardino Commercial Lot Opportunity

      Commercial lot in San Bernardino with CG-1 zoning.
      1263 N Mount Vernon Ave, San Bernardino, CA 92411
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    • $375,000

      San Bernardino Parking Lot Opportunity

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      San Bernardino Commercial Corner Lot

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    Similar Nearby for Lease

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      San Bernardino Yard with Building

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      Warehouse with Large Yard

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      San Bernardino Retail Space Available

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      San Bernardino Retail Space For Lease

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      Equipped Banquet Hall For Rent

      Turnkey banquet hall with parking, ready for special events.
      1139 W 6Th St, San Bernardino, CA 92411
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    1860 Mount Vernon Ave
    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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