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    Property profile & analytics

    2705 Lexington Way San Bernardino, CA 92407-1842

    • Distribution centers
    • 154,590 SF
    • 7.12 lot acres
    OFF-MARKET
    Value Estimations
    $19,220,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0929638
    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 2705 Lexington Way

    Year built
    2017
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    7.12 lot acres
    Property size
    154,590 SF
    Property type
    Distribution centers
    APN
    0266-362-07-0000
    APU
    266362070000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $28,645,000
      6.5%
      $26,445,000
      7%
      $24,555,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $11,688,000
      Market price range: $937k - $28.1M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $28,445,000
      Current use
      AUTO REPAIR, GARAGE
      $31,010,000
      Change: +9% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $30,930,000
      Change: +9% 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
    -117.348
    Latitude
    34.1743
    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
    $273,262
    $5,468,231
    $14,464,017
    $19,932,248
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $10,015,000
      134,850 SF

      2552 Shenandoah Way

      DISTRIBUTION WAREHOUSE • 134,850 SF
      2552 Shenandoah Way, San Bernardino, CA 92407-1845
      View Details
    • Value Estimation
      $18,330,000
      153,090 SF

      4382 Georgia Blvd

      DISTRIBUTION WAREHOUSE • 153,090 SF
      4382 Georgia Blvd, San Bernardino, CA 92407-1815
      View Details
    • Value Estimation
      $20,850,000
      197,100 SF

      5080 Hallmark Pkwy

      DISTRIBUTION WAREHOUSE • 197,100 SF
      5080 Hallmark Pkwy, San Bernardino, CA 92407-1835
      View Details
    • Value Estimation
      $1,030,000
      21.24 Acres

      19640 Cajon Blvd

      DISTRIBUTION WAREHOUSE • 21.24 Acres
      19640 Cajon Blvd, San Bernardino, CA 92407-1813
      View Details
    • Value Estimation
      $18,265,000
      843,440 SF

      5690 Industrial Pkwy

      DISTRIBUTION WAREHOUSE • 843,440 SF
      5690 Industrial Pkwy, San Bernardino, CA 92407-1885
      View Details
    • Value Estimation
      $12,755,000
      94,904 SF

      3524 Mike Daley Dr

      DISTRIBUTION WAREHOUSE • 94,904 SF
      3524 Mike Daley Dr, San Bernardino, CA 92407-1889
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      San Bernardino Trucking/Contractor Yard

      2.26 AC trucking/contractor yard with office/house, excellent freeway access.
      18850 Cajon Blvd, San Bernardino, CA 92407
      View Details
    • $11,273,391

      Freeway Frontage Distribution Warehouse

      Distribution warehouse with direct freeway access and frontage.
      4985 Hallmark Pkwy, San Bernardino, CA 92407
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    • $11,273,391
      47,169 SF

      San Bernardino Warehouse For Sale

      47,169 SF warehouse with dock and ground doors.
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    • Contact for pricing
      335,460 SF

      San Bernardino Distribution Warehouse

      Freestanding distribution building with immediate freeway access.
      5702 Institution Rd, San Bernardino, CA 92407
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      21,127 SF

      New Industrial Warehouse Space

      New construction warehouse with easy freeway access and gated yard.
      4180 Hallmark Pkwy, San Bernardino, CA 92407
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      105,500 SF

      Industrial Land Ready For Development

      6.87 net acres of land with permits ready.
      5705 Industrial Pkwy, San Bernardino, CA 92407
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    Similar Nearby for Lease

    • Contact for pricing
      830,750 SF

      San Bernardino Distribution Warehouse

      830,750 SF distribution warehouse with 36' clear height.
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    • Contact for pricing
      332,231 SF

      San Bernardino Distribution Center Available

      Large industrial property with immediate freeway access and ample parking.
      6010 Cajon Blvd, San Bernardino, CA 92407
      View Details
    • $0.18 SF/Yr

      Secured Truck Parking Yard

      Leasable yard permitted for truck parking, logistics, and storage.
      3314 Cajon Blvd, Muscoy, CA 92407
      View Details
    • $0.20 SF/Yr
      1,742,400 SF

      San Bernardino Improved Yard Sublease

      Improved yard available for sublease with freeway access.
      5705 N Institution Rd, San Bernardino, CA 92407
      View Details
    • Contact for pricing
      61,394 SF

      San Bernardino Logistics Property

      129,850 SF warehouse with additional yard space for lease.
      2765 Lexington Way, San Bernardino, CA 92407
      View Details
    • Contact for pricing
      400,000 SF

      San Bernardino Warehouse Sublease Opportunity

      Sublease opportunity with fully conditioned warehouse and ample electrical service.
      17335 Glen Helen Pkwy, San Bernardino, CA 92407
      View Details
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    San Bernardino, CA 92407-1842
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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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