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Property profile & analytics
FOR SALE
Distribution centers
1942 North I St San Bernardino, CA 92405
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US10-1229343
For Sale
1 / 8
$5,525,000
1942 North I St, San Bernardino, CA 92405
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1950
Construction
WOOD FRAME
Total area
27,784 SF
Lot
3.15 ac (137,275 SF)
APN
0144-042-67-0000
UPID
US10-1229343
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Zum classroom training Parking Lot & Garage
-
Zum Services, Inc. (San Bernardino Main Bus Yard) Freight Service Logistics Company
-
iBUDS Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.53M
CAP Approach
CAP
$4.76M
Comparable Approach
Comparable
$3.53M
Blend (final)
Blend
$5.53M
Owner & transaction history
Osi 1942 N I St LLC · 4 yrs held
Osi 1942 N I St LLC
since 2022
Last sale
$6.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$8.0M
+57.2%
Neighborhood: shopping center
$7.5M
+46.3%
Commercial (general)
$7.0M
+37.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs San Bernardino submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Bernardino submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$5,345,000
ML approach
$5,530,000
CAP Approach
CAP Return
Estimation
6%
$5,150,000
6.5%
$4,755,000
7%
$4,415,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,110,000
Current use
MEDICAL BUILDING
$8,040,000
Change: +57% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,480,000
Change: +46% · Conversion: Moderate
COMMERCIAL (GENERAL)
$7,045,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,575,000
Change: +9% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,560,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$5.53M
Range $4.97M – $6.08M · ±10% · vs last sale $6.00M (Jul 13 2022)
Last sale anchor
$6.00M
Jul 13 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$199 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$76,112
Tax year 2024
Assessed value
$6,120,000
Assessed 2024
Previous assessed
$6,120,000
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$1,683,000
Assessed improvement
$4,437,000
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Sale
Year built
1950
Construction
WOOD FRAME
Heating
NONE
Units
5
Total area
27,784 SF
Lot
3.15 ac (137,275 SF)
APN
0144-042-67-0000
UPID
US10-1229343
Jurisdiction
SAN BERNARDINO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.1M
MEDICAL BUILDING
Est. value
$8.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.5M
COMMERCIAL (GENERAL)
Est. value
$7.0M
AUTO REPAIR, GARAGE
Est. value
$5.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.6M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1950
Construction
WOOD FRAME
Heating
NONE
Units
5
Lot
3.15 ac
Current owner
From public records · entity-resolved
Osi 1942 N I St LLC
Entity
Mailing address
1942 N I ST, SAN BERNARDINO, CA 92405-3218
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2025
—
Osi 1942 N Ist LLC
—
Deed
related
$66,500,000 · Cpreif Ios Portfolio Wl LLC
Jul 13, 2022
$6,000,000
Osi 1942 N I St LLC
Anthony W Forfa
Grant Deed
$500,000,000 · Bawag P S K Bank Fur Arbeit Und Wir
May 15, 2019
—
Lll,a W & Mforfa D Trust
Illand,anthony W F & Diane M
Quit Claim Deed
related
—
Sep 27, 2017
—
Anthony W Forfa III
Forfa A W III & D M Trust
Quit Claim Deed
related
—
Jul 26, 2017
—
Anthony W Forfa III
Forfa,anthony W III & Diane M
Quit Claim Deed
related
—
Dec 8, 2006
—
Forfa,a W III & D M Trust
Forfa,anthony W III & Diane M
Quit Claim Deed
related
—
Sep 30, 2003
$1,425,000
Anthony W Forfa
Dkl Enterprises
Grant Deed
$712,500 · Cnl Commercial Finance INC
—
—
Anthony W Forfa III
—
Deed Of Trust
related
$588,000 · Southland Economic Dev Corp
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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