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    2088 Medical Ctr Dr San Bernardino, CA 92411-1221
    Property profile & analytics

    2088 Medical Ctr Dr San Bernardino, CA 92411-1221

    View on Map
    • Warehouses
    • 14,241 SF
    • 0.92 lot acres
    Off-Market
    Last Sale May 10, 2023
    $1,300,000
    Property ID
    US10-1435352
    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
    $1,370,000
    Show details
    Cap Rate Potential
    9.7%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 2088 Medical Ctr Dr

    Year built
    1960
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.92 lot acres
    Property size
    14,241 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    0143-191-45-0000
    APU
    143191450000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,590,000
      ML approach
      $1,595,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,068,000
      Market price range: $377k - $1.81M

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

    Location Insight

    • Map
    • Local Demand
    City
    San Bernardino
    County
    San Bernardino
    State
    California
    Longitude
    -117.323
    Latitude
    34.1344
    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
    $16,638
    $1,020,000
    $306,000
    $1,326,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,700,000
      56,569 SF

      1877 Massachusetts Ave

      MINI-WAREHOUSE, STORAGE • 56,569 SF
      1877 Massachusetts Ave, San Bernardino, CA 92411-1900
      View Details
    • Value Estimation
      $800,000
      7,430 SF

      2119 Lincoln Ave

      MINI-WAREHOUSE, STORAGE • 7,430 SF
      2119 Lincoln Ave, San Bernardino, CA 92411-1028
      View Details
    • Value Estimation
      $5,265,000
      55,830 SF

      957 Reece St

      MINI-WAREHOUSE, STORAGE • 55,830 SF
      957 Reece St, San Bernardino, CA 92411-2356
      View Details
    • Value Estimation by Request
      1,648 SF

      999 8th St

      MINI-WAREHOUSE, STORAGE • 1,648 SF
      999 8th St, San Bernardino, CA 92411-2861
      View Details
    • Value Estimation
      $4,540,000
      46,906 SF

      1450 23rd St

      MINI-WAREHOUSE, STORAGE • 46,906 SF
      1450 23rd St, San Bernardino, CA 92411-1318
      View Details
    • Value Estimation
      $710,000
      6,397 SF

      1184 Base Line St

      MINI-WAREHOUSE, STORAGE • 6,397 SF
      1184 Base Line St, San Bernardino, CA 92411-1865
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,000 SF

      Industrial Warehouse For Sale

      6,000 SqFt industrial warehouse available for purchase.
      2396 Cabrera Ave, San Bernardino, CA 92411
      View Details
    • $1,185,000
      6,000 SF

      San Bernardino Industrial Investment Opportunity

      6,000 SF industrial building for sale in San Bernardino.
      2396 Cabrera Ave, San Bernardino, CA 92411
      View Details
    • $3,300,000
      64,033 SF

      San Bernardino Truck/Trailer Storage Yard

      1.47 acre truck/trailer storage yard with office space.
      2522 W Base Line St, San Bernardino, CA 92411
      View Details
    • $199,000
      11,400.00 Acres

      San Bernardino Commercial Land Lot

      Commercial land lot in San Bernardino, California.
      Herrington Ave, San Bernardino, CA 92411
      View Details

    Similar Nearby for Lease

    • $1.25 SF/Yr

      Warehouse with Large Yard

      12,800 SF warehouse with 46,173 SF yard for lease.
      San, San Bernardino, CA 92411
      View Details
    • Contact for pricing

      San Bernardino Yard with Building

      Yard with building suitable for trucking, storage, or light manufacturing.
      San, San Bernardino, CA 92411
      View Details
    • $1.63 SF/Yr

      Medical Office Space Sublease

      Medical office space available for sublease near hospital.
      1800 Medical Center Dr, San Bernardino, CA 92411
      View Details
    • Contact for pricing
      130,680 SF

      Industrial Land for Lease

      3-acre industrial land with 24/7 security in San Bernardino.
      N I St And Lincoln Dr, San Bernardino, CA 92411
      View Details
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    San Bernardino, CA 92411-1221
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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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