Entity Owned 
For Sale
1 / 12
$5,800,000
603 S Arrowhead Ave, San Bernardino, CA 92408
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Property summary
AI-generated overview
This exceptional San Bernardino industrial property offers 24,300 square feet of manufacturing space across three buildings, situated on a 1.6-acre lot. The property is zoned Commercial Heavy (CH) by the City of San Bernardino and offers significant expansion potential, with the possibility to utilize up to 3.4 acres. The buildings are classified as Class C and feature a total building square footage of 24,300 square feet, with all 24,300 square feet currently vacant and available for lease. The property boasts a floor area ratio (FAR) of 0.34. The address is 603 S Arrowhead Ave, San Bernardino, CA 92408. This prime location provides easy access to major transportation routes, making it ideal for businesses requiring efficient logistics. The lease pricing is based on the land square footage. This presents a unique opportunity for a manufacturing company seeking a substantial and expandable space in a well-established industrial area. The property's zoning allows for a variety of industrial uses, subject to city approvals. Interested parties should verify zoning information with the City of San Bernardino. This is a single-tenant property.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
28,787 SF
Lot
4.43 ac (192,970 SF)
APN
0136-282-32-0000
UPID
US10-1728619
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Auto Repair Shop
-
Corporate Office
-
Corporate Office
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.48M
Blend (final)
Blend
$9.60M
Owner & transaction history
since 2023
Last sale
$9.1M
7 recorded transactions
Zoning & alternative use
Top alternative use upside
Office building
$12.5M
+139.1%
Restaurant
$11.8M
+124.6%
Medical building
$8.3M
+59.1%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 8 comparables with addresses
7 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$9.60M
Value range
$8.64M – $10.55M
±10% around blend
Estimated value / SF
$333 / SF
Confidence
High
8 county-verified comps
Property data
75
Market benchmarks
100
Comparable evidence
80
Income certainty
100
$8.64M
blend $9.60M
$10.55M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
28,787 SF
Lot area
4.43 ac
Year built
1947
APN
0136-282-32-0000
Assessed value
$9,282,000
Annual tax
$116,865
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$116,865
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$7.63M
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
7.0 mi away · 36,576 SF
11.8 mi away · 34,573 SF
11.9 mi away · 23,530 SF
20.3 mi away · 25,308 SF
20.4 mi away · 25,335 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$9.60M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 68 sales
$182
+83%
Submarket 105 sales
$182
+83%
County 841 sales
$267
+25%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $333/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+139%
vs current-use indication
Restaurant
Medical Building
Commercial (general)
Neighborhood: Shopping Center
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
2.80%
Selected cap rate for this flex space
Derived from the San Bernardino market rent, vacancy and expense benchmarks for this use type.
NOI (est.)
$389k *
Last sale · Apr 2023
$9.10M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$13.90M
Move the market yield to see immediate price impact.
Value / SF
$483
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
2.30%2.80%3.30%
$350k
$15.23M
$12.51M
$10.62M
$389k
$16.93M
$13.90M
$11.80M
$428k
$18.62M
$15.29M
$12.98M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$5.00M
0.3 mi · Dec 2025 · $232/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$116,865
Tax year 2024
Assessed value
$9,282,000
Assessed 2024
Previous assessed
$9,282,000
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$2,958,000
Assessed improvement
$6,324,000
Applied tax rate
7.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Sale
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Units
3
Total area
28,787 SF
Lot
4.43 ac (192,970 SF)
APN
0136-282-32-0000
UPID
US10-1728619
Jurisdiction
SAN BERNARDINO
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Units
3
Lot
4.43 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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