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

    432 W Highland Ave San Bernardino, CA 92405

    • Retail space
    • 4,000 SF
    • 0.17 lot acres
    For Lease
    View listing
    $0.85 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1551818
    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

    • Avila Associates / Civil Law Attorney
    • On the go pet supply / Pet Store / Aquarium Shop

    Property Details for 432 W Highland Ave

    Year built
    1953
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.17 lot acres
    Property size
    4,000 SF
    Property type
    Retail space
    APN
    0149-221-15-0000
    APU
    149221150000

    Description

    This exceptional Class A retail property, located at 432-434 W Highland Ave, San Bernardino, CA 92405, presents a unique investment opportunity. The entire 4,200 square foot building is currently vacant and available for lease. The property sits on a 7,500 square foot lot and is zoned Commercial General (CG-1), offering significant flexibility for a variety of retail uses. The single-story building features two divisible spaces, with a minimum leasable area of 2,100 square feet and a maximum contiguous space of 4,200 square feet. Each space is a shell space, providing a blank canvas for tenant build-out and customization. Conveniently located near the cross street of D St, the property offers private parking in the rear, enhancing customer and employee accessibility. The asking lease rate is $0.85 per square foot, making this an affordable option for small businesses or first-time entrepreneurs. The property's APN is 0149-221-15-0000. This prime location in San Bernardino offers excellent visibility and accessibility, making it an ideal space for a thriving retail business. No elevators are present in this single-story building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $900,000
      6.5%
      $830,000
      7%
      $775,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $932,000
      Market price range: $299k - $1.00M
      AI Estimate
      $569,000
      Market price range: $269k - $574k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $635,000
      Current use
      MEDICAL BUILDING
      $1,155,000
      Change: +82% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,075,000
      Change: +69% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,015,000
      Change: +59% Conversion: Easy
      AUTO REPAIR, GARAGE
      $800,000
      Change: +26% Conversion: Difficult
      WAREHOUSE, STORAGE
      $735,000
      Change: +16% 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
    -117.293
    Latitude
    34.1363
    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
    $7,834
    $109,364
    $415,586
    $524,950
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,405,000
      7,000 SF

      555 Highland Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,000 SF
      555 Highland Ave, San Bernardino, CA 92405-3811
      View Details
    • Value Estimation by Request
      2,880 SF

      445 Highland Ave

      Individual retail properties • 2,880 SF
      445 Highland Ave, San Bernardino, CA 92405
      View Details
    • Value Estimation
      $925,000
      5,400 SF

      798 Highland Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,400 SF
      798 Highland Ave, San Bernardino, CA 92405-3839
      View Details
    • Value Estimation by Request
      3,222 SF

      2312 Sierra Way

      RETAIL STORES (PERSONAL SERVICES) • 3,222 SF
      2312 Sierra Way, San Bernardino, CA 92405-3560
      View Details
    • Value Estimation
      $1,255,000
      10,650 SF

      1035 Highland Ave

      RETAIL STORES (PERSONAL SERVICES) • 10,650 SF
      1035 Highland Ave, San Bernardino, CA 92405-3207
      View Details
    • Value Estimation
      $775,000
      2,232 SF

      1188 Highland Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,232 SF
      1188 Highland Ave, San Bernardino, CA 92405-3239
      View Details

    Similar Nearby for Sale

    • $375,000

      Three Unit Investment Opportunity

      Three unit property generating rental income, great investment opportunity.
      1980 N D St, San Bernardino, CA 92405
      View Details
    • $449,000
      3,907 SF

      San Bernardino Commercial Opportunity

      Three units on one lot suitable for various commercial uses.
      1543 E St N, San Bernardino, CA 92405
      View Details
    • $399,000

      Commercial Building on Highland Avenue

      Three-unit commercial building with established businesses on Highland Avenue.
      214 W Highland Ave, San Bernardino, CA 92405
      View Details
    • $1,300,000
      6,710 SF

      Retail Building with Auto Repair

      Retail building suitable for investors or owner-users with auto repair.
      1976-1984 N E St, San Bernardino, CA 92405
      View Details
    • $70,000

      Land For Sale Joshua Tree

      Land available for sale in Joshua Tree, California.
      2 Joshua Tree, Joshua Tree, CA 92405
      View Details
    • $783,900

      San Bernardino Triplex Investment Opportunity

      Fully rented triplex with potential for additional unit/ADU.
      1525 N Arrowhead Ave, San Bernardino, CA 92405
      View Details

    Similar Nearby for Lease

    • $1,875 /Mo

      Retail/Office Space with Secured Yard

      Retail or office space featuring a fenced, secured yard.
      1233 N E St, San Bernardino, CA 92405
      View Details
    • $1.25 SF/Yr
      1,200 SF

      Retail Space with Signage

      Retail space available with building and monument signage.
      525 W Highland Ave, San Bernardino, CA 92405
      View Details
    • $0.85 SF/Yr
      4,200 SF

      San Bernardino Retail Space Available

      Affordable retail spaces perfect for small or first-time business owners.
      432 W Highland Ave, San Bernardino, CA 92405
      View Details
    • $1,700 /Mo
      750 SF

      San Bernardino Commercial Space Available

      Commercial space suitable for studio, art, or office use.
      409 17Th St, San Bernardino, CA 92405
      View Details
    • Contact for pricing

      San Bernardino Office Space Available

      Office space available for rent in San Bernardino, CA.
      N I St, San Bernardino, CA 92405
      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.
    432 W Highland Ave
    San Bernardino, CA 92405
    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.