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

    708 W Mill St San Bernardino, CA 92410

    • Industrial properties
    • 50,175 SF
    • 2.92 lot acres
    For Lease
    View listing
    $1.05 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1717117
    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

    • Get Fit Clinic / Personal Trainer
    • Aztec Casework & Millwork / Cabinet Maker
    • Manny's Custom Upholstery / Upholstery Shop / Auto Upholsterer
    • Power Window Repair Specialist / Auto Glass Repair Service / Auto Electrical Service
    • Direct Quality Auto Glass Windshield Replacement / Auto Glass Shop / Auto Electrical Service

    Property Details for 708 W Mill St

    Year built
    1980
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.92 lot acres
    Property size
    50,175 SF
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    0136-151-32-0000
    APU
    136151320000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,705,000
      Market price range: $2.76M - $12.2M
      AI Estimate
      $2,860,000
      Market price range: $1.94M - $11.6M

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

    Location Insight

    • Map
    • Local Demand
    City
    San Bernardino
    County
    San Bernardino
    State
    California
    Longitude
    -117.299
    Latitude
    34.0928
    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
    $26,936
    $345,717
    $1,810,431
    $2,156,148
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $5,690,000
      40,956 SF

      1180 9th St

      INDUSTRIAL LOFT BUILDING • 40,956 SF
      1180 9th St, San Bernardino, CA 92410-4033
      View Details
    • Value Estimation
      $630,000
      2,984 SF

      395 G St

      INDUSTRIAL LOFT BUILDING • 2,984 SF
      395 G St, San Bernardino, CA 92410-3352
      View Details
    • Value Estimation
      $2,455,000
      20,600 SF

      370 I St

      INDUSTRIAL LOFT BUILDING • 20,600 SF
      370 I St, San Bernardino, CA 92410-2410
      View Details
    • Value Estimation by Request
      2,980 SF

      614 Oak Ct

      INDUSTRIAL LOFT BUILDING • 2,980 SF
      614 Oak Ct, San Bernardino, CA 92410-3338
      View Details
    • Value Estimation
      $6,080,000
      48,000 SF

      346 I St

      INDUSTRIAL LOFT BUILDING • 48,000 SF
      346 I St, San Bernardino, CA 92410-2445
      View Details
    • Value Estimation
      $1,795,000
      12,000 SF

      1696 Ml St

      INDUSTRIAL LOFT BUILDING • 12,000 SF
      1696 Ml St, San Bernardino, CA 92410
      View Details

    Similar Nearby for Sale

    • $4,500,000
      14,100 SF

      San Bernardino Auto Repair Facility

      Auto repair facility with tow yards and freeway signage available.
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    • $3,300,000
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      San Bernardino Warehouse - $3.3M

      1.47-acre lot, ±11,600 SF office, ideal for storage.
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    • $1,549,000
      17,128 SF

      San Bernardino Commercial Property For Sale

      Commercial property in San Bernardino, CA, with income potential.
      765 E 9Th St, San Bernardino, CA 92410
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    • $475,000

      Two Bedroom House with Commercial Potential

      Two-bedroom house near freeways and stores, with commercial potential.
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      Mixed-use property near freeway and businesses, needs repairs and upgrades.
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      San Bernardino Commercial/Residential Opportunity

      Commercial property with potential residential use near transportation.
      765 E 9Th St, San Bernardino, CA 92410
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    Similar Nearby for Lease

    • Contact for pricing
      337,385 SF

      San Bernardino Warehouse Distribution Facility

      337,385 SF warehouse with secured truck court.
      752 N Tippecanoe Ave, San Bernardino, CA 92410
      View Details
    • Contact for pricing
      304,920 SF

      Industrial Outdoor Storage Trailer Site

      7 Acres, 9,103 SF Building, 173 Stalls, Secure
      776 W Mill St, San Bernardino, CA 92410
      View Details
    • Contact for pricing
      146,772 SF

      San Bernardino Warehouse for Lease

      Freestanding building with secured truck court near major freeways.
      1301 E 3Rd St, San Bernardino, CA 92410
      View Details
    • Contact for pricing
      217,800 SF

      San Bernardino Trucking Yard Sublease

      Trucking/trailer storage yard with freeway access, sublease opportunity.
      SW 3Rd St, San Bernardino, CA 92410
      View Details
    • $1.05 SF/Yr
      1,400 SF

      San Bernardino Flex Space Available

      Flex space with office and loading door, near 215.
      708 W Mill St, San Bernardino, CA 92410
      View Details
    • Contact for pricing
      99,376 SF

      Industrial Building Near Freeways

      99,376 SF industrial building with secured truck court.
      SE 3Rd St, San Bernardino, CA 92410
      View Details
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    708 W Mill St
    San Bernardino, CA 92410
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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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