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    648 Mt Vernon Ave San Bernardino, CA 92411-2604

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    648 Mt Vernon Ave San Bernardino, CA 92411-2604

    View on Map
    • Retail space
    • 3,325 SF
    • 0.17 lot acres
    Off-Market
    Last Sale Dec 22, 2023
    $330,000
    Property ID
    US10-1548098
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mount Kushmore / (Bike/Boat/Book/etc) Store
    • Adirondack Chairs San Bernardino / Furniture & Home Goods / Hardware & Home Improvement

    Property Details for 648 Mt Vernon Ave

    Year built
    1935
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.17 lot acres
    Property size
    3,325 SF
    Property type
    Retail space
    APN
    0138-043-12-0000
    APU
    138043120000

    Description

    This exceptional San Bernardino property at 648 N Mt Vernon Ave offers a versatile 3,325 square foot space ideal for creative office or distribution uses. Situated on a sizable 7,375 square foot lot, the property boasts a single-tenant occupancy and is fully fenced, providing ample security and privacy. The building features a 10-foot ceiling height, offering excellent vertical space for storage or creative design. Conveniently located near W Victoria St, this property benefits from easy access to major transportation routes. The zoning is designated (SP-PP) Special Purpose (Paseo Placitas), allowing for a range of potential uses. Ten on-site parking spaces are available for employees and clients. The property's address is 648 N Mt Vernon Ave, San Bernardino, CA 92411, and its APN is 0138-043-12-0000. This prime location is perfect for businesses seeking a blend of functionality and accessibility in a thriving San Bernardino market. The property type is classified as Retail, Office, and Industrial, offering flexibility for a variety of business needs. This is a rare opportunity to acquire a well-maintained and strategically located commercial property in a high-demand area. Don't miss out on this chance to establish your business in a prime San Bernardino location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Bernardino
    County
    San Bernardino
    State
    California
    Longitude
    -117.314
    Latitude
    34.111
    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
    $4,463
    $70,000
    $320,000
    $390,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $770,000
      7,000 SF

      1208 5th St

      RETAIL STORES (PERSONAL SERVICES) • 7,000 SF
      1208 5th St, San Bernardino, CA 92411-2759
      View Details
    • Value Estimation by Request
      0.34 Acres

      San Bernardino, CA 92411

      RETAIL STORES (PERSONAL SERVICES) • 0.34 Acres
      San Bernardino, CA 92411
      View Details
    • Value Estimation by Request
      2,373 SF

      1743 Base Line St

      RETAIL STORES (PERSONAL SERVICES) • 2,373 SF
      1743 Base Line St, San Bernardino, CA 92411-1648
      View Details
    • Value Estimation by Request
      1,820 SF

      1007 Mt Vernon Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,820 SF
      1007 Mt Vernon Ave, San Bernardino, CA 92411-2228
      View Details
    • Value Estimation
      $620,000
      2,320 SF

      856 Mt Vernon Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,320 SF
      856 Mt Vernon Ave, San Bernardino, CA 92411-2753
      View Details
    • Value Estimation by Request
      2,068 SF

      644 Mt Vernon Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,068 SF
      644 Mt Vernon Ave, San Bernardino, CA 92411-2604
      View Details

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    • Contact for pricing
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    Similar Nearby for Lease

    • $1.25 SF/Yr

      Warehouse with Large Yard

      12,800 SF warehouse with 46,173 SF yard for lease.
      271 S I St, San Bernardino, CA 92411
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    • $1.63 SF/Yr

      Medical Office Space Sublease

      Medical office space available for sublease near hospital.
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    • Contact for pricing

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    San Bernardino, CA 92411-2604
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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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    648 Mt Vernon Ave, San Bernardino, CA, 92411

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