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

    862 Hospitality Ln San Bernardino, CA 92408-3530

    • Office Properties & Spaces
    • 109,120 SF
    • 5.22 lot acres
    OFF-MARKET
    Value Estimations
    $31,360,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1024888
    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

    • WSP / Engineering Consultant
    • BBSI San Bernandino / Business Management Consultant / Employment Agency

    Property Details for 862 Hospitality Ln

    Year built
    2006
    Construction
    STEEL FRAME
    Lot size
    5.22 lot acres
    Property size
    109,120 SF
    Property type
    Office Properties & Spaces
    APN
    0281-351-25-0000
    APU
    281351250000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $27,905,000
      6.5%
      $25,760,000
      7%
      $23,920,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $34,979,000
      Market price range: $11.7M - $47.9M
      AI Estimate
      $33,345,000
      Market price range: $13.1M - $41.2M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $31,200,000
      Current use
      OFFICE BUILDING
      $47,440,000
      Change: +52% Conversion: Easy
      RESTAURANT
      $44,575,000
      Change: +43% Conversion: Difficult
      MEDICAL BUILDING
      $31,570,000
      Change: +1% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $29,375,000
      Change: -6% 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
    -117.268
    Latitude
    34.0699
    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
    $263,240
    $4,921,407
    $17,498,339
    $22,419,746
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      788 SF

      1881 Commercenter E Ste, Unit 100

      CONDOMINIUM OFFICES • 788 SF
      1881 Commercenter E Ste, San Bernardino, CA 92408-3442
      View Details
    • Value Estimation
      $2,940,000
      13,056 SF

      1482 Enterprise Dr

      OFFICE (GENERAL) • 13,056 SF
      1482 Enterprise Dr, San Bernardino, CA 92408-0161
      View Details
    • Value Estimation by Request
      14,676 SF

      225 Airport Dr

      Medical offices • 14,676 SF
      225 Airport Dr, San Bernardino, CA 92408
      View Details
    • Value Estimation by Request
      1,136 SF

      1887 Business Ctr Dr Ste 6b

      CONDOMINIUM OFFICES • 1,136 SF
      1887 Business Ctr Dr Ste 6b, San Bernardino, CA 92408-3463
      View Details
    • Value Estimation
      $2,585,000
      10,758 SF

      1824 Commercenter Cir

      OFFICE (GENERAL) • 10,758 SF
      1824 Commercenter Cir, San Bernardino, CA 92408-3430
      View Details
    • Value Estimation
      $900,000
      2,877 SF

      1514 D St

      OFFICE (GENERAL) • 2,877 SF
      1514 D St, San Bernardino, CA 92408-3228
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.89 Acres

      San Bernardino Commercial Land Pads

      Prime San Bernardino location, two developable pads.
      0 Hospitality Ln & Harriman Pl, San Bernardino, CA 92408
      View Details
    • $4,500,000
      1.92 Acres

      Gardena Street Industrial Complex

      San Bernardino Office/Industrial Investment
      0 Gardena St, San Bernardino, CA 92408
      View Details
    • $599,000
      2,750 SF

      Commercial Property with Upgraded Offices

      Well-located commercial property with excellent freeway access.
      358-368 S Mountain View Ave, San Bernardino, CA 92408
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    • $3,200,000

      San Bernardino Office Building Investment

      100% occupied office building with the County as tenant.
      1505 S D St, San Bernardino, CA 92408
      View Details
    • $2,250,000
      16,707 SF

      Upgraded Commercial Building in San Bernardino

      Two-story commercial building with established tenants and recent upgrades.
      1465 S D St, San Bernardino, CA 92408
      View Details
    • $2,800,000
      6,938 SF

      San Bernardino Commercial Opportunity Zone Property

      Commercial property in San Bernardino Opportunity Zone, suitable for various uses.
      484 E Redlands Blvd, San Bernardino, CA 92408
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      7,824 SF

      Flex Warehouse/Office Space

      7,824 SF Single-Tenant Building
      1836 Commercenter Cir, San Bernardino, CA 92408
      View Details
    • $18 SF/Yr
      83,982 SF

      Exchange Place Executive Suites

      San Bernardino Office Space For Lease
      1845 Business Center Dr, San Bernardino, CA 92408
      View Details
    • Contact for pricing
      38,768 SF

      Prime San Bernardino Land Parcels

      Two developable pads, ideal location.
      0 Hospitality Ln & Harriman Pl, San Bernardino, CA 92408
      View Details
    • $2 SF/Yr
      11,653 SF

      Garden Office Buildings For Rent

      Two-story garden office buildings with on-site management and 24-hour patrol.
      621 East Carnegie Dr, San Bernardino, CA 92408
      View Details
    • Contact for pricing

      Office Space in Tri-City Center

      Office space available for rent in Tri-City Corporate Centre.
      650 E Hospitality Ln, San Bernardino, CA 92408
      View Details
    • Contact for pricing
      84,342 SF

      San Bernardino Office Space Available

      Office space for rent in San Bernardino, 84342 square feet.
      1845 S Business Center Dr, San Bernardino, CA 92408
      View Details

    Property Visit Statistics

    • Visits by month
      0
    • Visitors by month
      17.3k
    • Avg Time on site
      12 min
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    862 Hospitality Ln
    San Bernardino, CA 92408-3530
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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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