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

    2977 Park Ave San Bernardino, CA 92404-2789

    • Apartment buildings
    • 10,872 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimations
    $1,225,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1544193
    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

    • MARISOL HARRIS / Check Cashing

    Property Details for 2977 Park Ave

    Year built
    1984
    Construction
    WOOD FRAME
    Lot size
    0.23 lot acres
    Property size
    10,872 SF
    Property type
    Apartment buildings
    APN
    0155-162-09-0000
    APU
    155162090000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,678,000
      Market price range: $1.13M - $2.74M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,985,000
      Current use
      WAREHOUSE, STORAGE
      $2,000,000
      Change: +1% 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
    -117.253
    Latitude
    34.1454
    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
    $12,740
    $88,375
    $956,990
    $1,045,365
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $11,870,000
      136,312 SF

      200 30th St

      APARTMENT HOUSE (100+ UNITS) • 136,312 SF
      200 30th St, San Bernardino, CA 92404-2309
      View Details
    • Value Estimation
      $2,705,000
      28,795 SF

      1277 Lynwood Dr

      APARTMENT HOUSE (5+ UNITS) • 28,795 SF
      1277 Lynwood Dr, San Bernardino, CA 92404-2752
      View Details
    • Value Estimation
      $1,610,000
      13,144 SF

      1470 Lynwood Dr

      APARTMENT HOUSE (5+ UNITS) • 13,144 SF
      1470 Lynwood Dr, San Bernardino, CA 92404-2797
      View Details
    • Value Estimation
      $5,220,000
      48,532 SF

      1420 Pumalo St

      APARTMENT HOUSE (5+ UNITS) • 48,532 SF
      1420 Pumalo St, San Bernardino, CA 92404-4357
      View Details
    • Value Estimation
      $2,500,000
      17,523 SF

      222 17th St

      APARTMENT HOUSE (5+ UNITS) • 17,523 SF
      222 17th St, San Bernardino, CA 92404-5056
      View Details
    • Value Estimation
      $3,770,000
      17,828 SF

      2741 Park Ave

      APARTMENT HOUSE (5+ UNITS) • 17,828 SF
      2741 Park Ave, San Bernardino, CA 92404-8240
      View Details

    Similar Nearby for Sale

    • $4,500,000

      San Bernardino Apartment Complex

      25-unit apartment complex with attractive unit mix and updates.
      1525 E Lynwood Dr, San Bernardino, CA 92404
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    • $1,650,000
      7,138 SF

      San Bernardino Multifamily Investment Opportunity

      Eight-unit apartment building in San Bernardino, CA, with carports.
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    • $1,125,000
      4,260 SF

      San Bernardino Quadruplex Investment Opportunity

      Spacious quadruplex with renovation upside in a desirable location.
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    • $877,500
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      Spacious San Bernardino Quadruplex

      Four-unit property in San Bernardino with strong rental potential.
      2194 Sunrise Ln, San Bernardino, CA 92404
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    • $960,000
      3,975 SF

      San Bernadino Fourplex Investment Opportunity

      Income-generating fourplex with potential for owner-user or market rent.
      246 St St, San Bernardino, CA 92404
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    • $275,000
      2.70 Acres

      San Bernardino 2.7-Acre Lot

      Build Your Dream Estate!
      4500 Harrison Canyon Rd, San Bernardino, CA 92404
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    Similar Nearby for Lease

    • Contact for pricing
      26,054 SF

      Waterman Medical Plaza: Suites Available

      Prime Medical Office Space, Highland & Waterman
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      View Details
    • Contact for pricing
      1,500 SF

      San Bernardino Commercial Space Available

      1500 SF warehouse/industrial space for lease in San Bernardino.
      126 E Highland Ave, San Bernardino, CA 92404
      View Details
    • $2,742 /Mo
      2,384 SF

      Waterman Medical Center Office Space

      Medical office spaces available near Dignity Health - St Bernadine’s.
      1364 N Waterman Ave, San Bernardino, CA 92404
      View Details
    • $16 SF/Yr

      Prime San Bernardino Land Parcel

      0.77-acre agricultural land, build-to-suit.
      0 Gilbert St, San Bernardino, CA 92404
      View Details
    • $0.85 SF/Yr
      11,448 SF

      Commercial Land For Lease

      Commercial land available for ground lease or build to suit.
      1408 E Highland Ave, San Bernardino, CA 92404
      View Details
    • Contact for pricing
      2,400 SF

      San Bernardino Commercial Space Available

      Multi-tenant neighborhood center space for lease in San Bernardino.
      2210 E Highland Ave, San Bernardino, CA 92404
      View Details
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    2977 Park Ave
    San Bernardino, CA 92404-2789
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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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