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    Property profile & analytics

    1904 Riverview Dr San Bernardino, CA 92408-3057

    • Industrial properties
    • 19,220 SF
    • 1.06 lot acres
    OFF-MARKET
    Last Sale
    May 25, 2023
    $2,510,000
    Value Estimations
    $2,735,000
    Show details
    Cap Rate Potential
    6.4%
    Industrial properties
    Location Intelligence
    Property ID
    US10-1726218
    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

    • Vistalite Corporation / Factory / Production Facility
    • Willy's Diagnostics and Dyno shop / Auto Repair Shop
    • Voesten Diagnostics and Dyno / Auto Repair Shop
    • Von's Transmission / Auto Repair Shop
    • Car's Cash For Junk Clunkers / Discount Store / Waste Management Facility

    Property Details for 1904 Riverview Dr

    Year built
    1991
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.06 lot acres
    Property size
    19,220 SF
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    0280-281-13-0000
    APU
    280281130000

    Description

    This exceptional San Bernardino industrial property, located at 1904 Riverview Dr, offers a prime opportunity for businesses seeking versatile manufacturing or warehouse space. The 19,820-square-foot building sits on a 1.05-acre lot and boasts a range of features ideal for various industrial operations. Built in 1991, the property includes 14 dock-high doors and 14 drive-in doors, ensuring efficient loading and unloading. The high ceilings, measuring 14 feet, provide ample vertical space for storage and equipment. Currently, 1,500 square feet of space is immediately available for lease. The property is zoned IH - Industrial Heavy, and features a fenced and paved lot, enhancing security and accessibility. The property's address is 1904 Riverview Dr, San Bernardino, CA 92408, within San Bernardino County. The APN is 0280-281-13-0000. This multi-tenant building presents a unique chance to establish or expand your industrial operations in a well-located and functional facility. The combination of ample space, convenient access, and robust infrastructure makes this property an attractive option for a variety of industrial uses. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,825,000
      ML approach
      $2,785,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,020,000
      6.5%
      $2,790,000
      7%
      $2,590,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,000,000
      Market price range: $840k - $3.67M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $3,495,000
      Current use
      AUTO REPAIR, GARAGE
      $3,855,000
      Change: +10% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $3,845,000
      Change: +10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    San Bernardino
    County
    San Bernardino
    State
    California
    Longitude
    -117.247
    Latitude
    34.0816
    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
    2024
    $30,262
    $765,000
    $1,795,200
    $2,560,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,680,000
      20,042 SF

      268 Orange Show Ln

      INDUSTRIAL LOFT BUILDING • 20,042 SF
      268 Orange Show Ln, San Bernardino, CA 92408-2037
      View Details
    • Value Estimation
      $2,145,000
      12,616 SF

      1894 Commercenter W

      INDUSTRIAL LOFT BUILDING • 12,616 SF
      1894 Commercenter W, San Bernardino, CA 92408-3319
      View Details
    • Value Estimation
      $3,570,000
      24,650 SF

      136 Arrowhead Ave

      INDUSTRIAL LOFT BUILDING • 24,650 SF
      136 Arrowhead Ave, San Bernardino, CA 92408-1303
      View Details
    • Value Estimation
      $1,565,000
      9,018 SF

      425 Century Ave

      INDUSTRIAL LOFT BUILDING • 9,018 SF
      425 Century Ave, San Bernardino, CA 92408-3218
      View Details
    • Value Estimation
      $760,000
      4,150 SF

      1801 Commercenter W

      INDUSTRIAL LOFT BUILDING • 4,150 SF
      1801 Commercenter W, San Bernardino, CA 92408-3303
      View Details
    • Value Estimation
      $2,130,000
      16,565 SF

      248 Sierra Way

      INDUSTRIAL LOFT BUILDING • 16,565 SF
      248 Sierra Way, San Bernardino, CA 92408-1466
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.86 Acres

      San Bernardino Industrial Land Parcel

      .86-Acre Industrial Lot, Light Industrial Zoning
      430 Foisy St, San Bernardino, CA 92408
      View Details
    • $749,999
      28,502.00 Acres

      San Bernardino Industrial Lot For Sale

      28,502 SF Light Industrial yard ideal for storage.
      S Amos St, San Bernardino, CA 92408
      View Details
    • $8,958,105
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      4.57 Acre Industrial Land Parcel

      San Bernardino land suitable for contractor's yard or trucking facility.
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      San Bernardino Industrial Property

      Industrial property available for sale in San Bernardino, California.
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      28,502 SF

      San Bernardino Industrial Yard For Sale

      28,502 SF industrial yard for sale in San Bernardino.
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    • $4,500,000
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      Gardena Street Industrial Complex

      San Bernardino Office/Industrial Investment
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      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Property For Rent

      Industrial property available for rent in San Bernardino, CA.
      1145 E Orange Show Rd, San Bernardino, CA 92408
      View Details
    • Contact for pricing

      Industrial Property Fully Leased

      Industrial property in San Bernardino, currently 100% leased.
      425-435 W Century Ave, San Bernardino, CA 92408
      View Details
    • $1.00 SF/Yr
      17,691 SF

      Industrial Space in San Bernardino

      Industrial property available for rent in San Bernardino, CA.
      1808 Commercenter W, San Bernardino, CA 92408
      View Details
    • Contact for pricing
      41 SF

      Industrial Property Available For Sublease

      Industrial property available for sublease through 2/28/2027.
      450 E Parkcenter Cir N | San Bernardino, San Bernardino, CA 92408
      View Details
    • Contact for pricing
      9 SF

      Secured Trucking/Trailer Storage Yard

      Secured trucking/trailer storage yard with excellent freeway access.
      3rd St & Victoria Ave, San Bernardino, CA 92408
      View Details
    • $2 SF/Yr
      15,026 SF

      Secured Truck & Trailer Facility

      15,026 SF building with secured storage yard for rent.
      216 S Arrowhead Ave, San Bernardino, CA 92408
      View Details
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    1904 Riverview Dr
    San Bernardino, CA 92408-3057
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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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