Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2604 Flint Way San Bernardino, CA 92408-3846

    • Apartment buildings
    • 8,440 SF
    • 0.41 lot acres
    OFF-MARKET
    Last Sale
    Sep 17, 2020
    $530,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1555706
    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

    • Park Place Apartments / Apartment Building

    Property Details for 2604 Flint Way

    Year built
    1977
    Construction
    WOOD FRAME
    Lot size
    0.41 lot acres
    Property size
    8,440 SF
    Property type
    Apartment buildings
    APN
    0141-381-22-0000
    APU
    141381220000

    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
    -117.275
    Latitude
    34.054
    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
    2023
    $6,938
    $111,775
    $447,086
    $558,861
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $555,000
      20,102 SF

      515 Wier Rd

      APARTMENT HOUSE (5+ UNITS) • 20,102 SF
      515 Wier Rd, San Bernardino, CA 92408-3952
      View Details
    • Value Estimation
      $440,000
      11,720 SF

      525 Wier Rd

      APARTMENT HOUSE (5+ UNITS) • 11,720 SF
      525 Wier Rd, San Bernardino, CA 92408-3953
      View Details
    • Value Estimation
      $390,000
      9,408 SF

      447 Rialto Ave

      APARTMENT HOUSE (5+ UNITS) • 9,408 SF
      447 Rialto Ave, San Bernardino, CA 92408-1218
      View Details
    • Value Estimation
      $415,000
      3,229 SF

      833 2nd St

      APARTMENT HOUSE (5+ UNITS) • 3,229 SF
      833 2nd St, San Bernardino, CA 92408-1276
      View Details
    • Value Estimation
      $28,845,000
      2.62 Acres

      415 Commercial Rd

      APARTMENT HOUSE (5+ UNITS) • 2.62 Acres
      415 Commercial Rd, San Bernardino, CA 92408-3767
      View Details
    • Value Estimation
      $510,000
      7,590 SF

      158 Julia St

      APARTMENT HOUSE (5+ UNITS) • 7,590 SF
      158 Julia St, San Bernardino, CA 92408-1436
      View Details

    Similar Nearby for Sale

    • $1,299,990
      27,007.20 Acres

      Corner Lot Investment Opportunity

      Income-producing property with potential for multifamily or commercial development.
      1154 Gould St, San Bernardino, CA 92408
      View Details
    • $1,299,990
      2 SF

      San Bernardino Multifamily Investment Opportunity

      Four income-producing units on a high-traffic corner lot.
      1164 Gould St, San Bernardino, CA 92408
      View Details
    • $450,000

      San Bernardino Duplex Investment Opportunity

      Duplex with two 1-bedroom units, great investment potential.
      938 E 2Nd St, San Bernardino, CA 92408
      View Details
    • $1,750,000
      6,480 SF

      Two Fourplexes in San Bernardino

      Two fourplexes offer residential financing and upside rental potential.
      258 E Bryant St, San Bernardino, CA 92408
      View Details
    • $520,000
      1,820 SF

      Modern Home in Gated Community

      Built in 2022, move-in ready with modern amenities and community features.
      1489 E Laurelwood Dr, San Bernardino, CA 92408
      View Details
    • Contact for pricing
      0.89 Acres

      San Bernardino Commercial Land Pads

      Prime San Bernardino location, two developable pads.
      0 Hospitality Ln & Harriman Pl, San Bernardino, CA 92408
      View Details

    Similar Nearby for Lease

    • $1.25 SF/Yr
      5,019 SF

      Industrial Space Near I-10/I-215

      Industrial space with office, heavy zoning, and freeway access.
      1341 Riverview Dr, San Bernardino, CA 92408
      View Details
    • $0.80 SF/Yr
      17,630 SF

      Industrial Space in Gifford Business Park

      Available industrial space in multi-tenant building with grade level doors.
      750-791 S Gifford Ave, San Bernardino, CA 92408
      View Details
    • $1.10 SF/Yr
      4,050 SF

      Industrial Space in Victoria Park

      Multi-tenant industrial building with office space for rent.
      1580 E Victoria Ave, San Bernardino, CA 92408
      View Details
    • $0.87 SF/Yr
      910 SF

      San Bernardino Flex Space Available

      910 SF flex space with grade level door for lease.
      775 S Gifford Ave, San Bernardino, CA 92408
      View Details
    • $1.05 SF/Yr
      10,960 SF

      Industrial Warehouse with Private Yard

      10,960 SF industrial warehouse featuring a private yard.
      619 S Allen St, San Bernardino, CA 92408
      View Details
    • $1.25 SF/Yr
      10,232 SF

      Industrial Unit For Lease

      Industrial unit available for lease in Inland Empire East.
      665-675 Lincoln Ave, San Bernardino, CA 92408
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2604 Flint Way
    San Bernardino, CA 92408-3846
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.