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

    241 Central Ave San Bernardino, CA 92408

    • Distribution centers
    For Sale
    View listing
    $4,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0852797
    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

    • Distribution centers

    Property Details for 241 Central Ave

    Property type
    Distribution centers

    Description

    This exceptional 94,089 square foot lot, located at 241 E Central Avenue in San Bernardino, California (zip code 92408), presents a compelling investment opportunity. Currently utilized as a place of worship, this property offers significant potential for future development. The expansive lot size, exceeding two acres, allows for a wide range of possibilities. The property is classified as industrial land with warehouse and commercial subtypes. The asking price is $4,500,000. While the building square footage is not currently specified, the substantial lot size makes this an attractive proposition for developers seeking a large-scale project in a prime San Bernardino County location. The property's address is precisely 241 E Central Ave, San Bernardino, CA 92408, offering easy access to major transportation routes and amenities. Given its size and current use, this property is well-suited for redevelopment into various commercial or industrial ventures. Serious inquiries are encouraged to explore the full potential of this unique offering.

    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
    -117.280325
    Latitude
    34.085551

    Comparable in this City

    • $18,050,000

      San Bernardino Industrial Land

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    • $250,000

      San Bernardino Warehouse Opportunity

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      San Bernardino Distribution Center

      104,850 SF Industrial Warehouse, CA
      773 Foisy St, San Bernardino, CA 92408
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      77,855 SF

      Distribution Facility with Truck Court

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    • $4,650,000
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      San Bernardino Warehouse Investment

      High-yield warehouse, net lease, 5.78% cap rate.
      1730 E St, San Bernardino, CA 92408
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      17,300 SF

      San Bernardino Warehouse - 17,300 SF

      1.67-acre warehouse, ideal for distribution. High traffic location.
      151 Redlands Blvd, San Bernardino, CA 92408
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    Similar Nearby for Sale

    • $18,050,000

      San Bernardino Industrial Land

      6.9-acre warehouse development opportunity.
      1010 Foisy St, San Bernardino, CA 92408
      View Details
    • $250,000

      San Bernardino Warehouse Opportunity

      Established Locksmith Business, $250,000
      499 Orange Show Rd, San Bernardino, CA 92408
      View Details
    • Contact for pricing
      104,850 SF

      San Bernardino Distribution Center

      104,850 SF Industrial Warehouse, CA
      773 Foisy St, San Bernardino, CA 92408
      View Details
    • Contact for pricing
      77,855 SF

      Distribution Facility with Truck Court

      New distribution facility featuring a concrete truck court.
      575 E Santa Fe St, San Bernardino, CA 92408
      View Details
    • $4,650,000
      21,000 SF

      San Bernardino Warehouse Investment

      High-yield warehouse, net lease, 5.78% cap rate.
      1730 E St, San Bernardino, CA 92408
      View Details
    • Contact for pricing
      17,300 SF

      San Bernardino Warehouse - 17,300 SF

      1.67-acre warehouse, ideal for distribution. High traffic location.
      151 Redlands Blvd, San Bernardino, CA 92408
      View Details

    Similar Nearby for Lease

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      Waterman Business Center: Loma Linda

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      104,850 SF

      San Bernardino Warehouse - 104,850 SF

      Large industrial warehouse, ample parking, immediate occupancy.
      773 Foisy St, San Bernardino, CA 92408
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      68,523 SF

      Gifford Business Park Warehouses

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      44,000 SF

      Prime San Bernardino Industrial Space

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    241 Central Ave
    San Bernardino, CA 92408
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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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