Technical
Financial
Distress signals
Property profile

948 Norman Rd San Bernardino, CA 92408

OFF-MARKET
Investment properties
Property ID
US10-1012943
1,358 SF 1.21 ac lot Built 1960
Individually Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1.21-acre industrial land parcel presents a unique opportunity for businesses seeking a strategic location in San Bernardino, California. Situated at 948 E Norman Rd, this single-tenant property offers significant potential for development or expansion. The expansive lot size provides ample space for various industrial uses, allowing for flexibility in design and construction. Located within San Bernardino County, this property benefits from convenient access to major transportation arteries, facilitating efficient logistics and distribution. The address is 948 E Norman Rd, San Bernardino, CA 92408. The property is designated as industrial land and is currently available for lease. Given its size and location, this property is ideal for companies requiring substantial land area for operations, storage, or manufacturing. The absence of existing buildings allows for complete customization to meet specific business needs, maximizing efficiency and functionality. Prospective tenants will appreciate the opportunity to create a facility tailored to their exact requirements. This prime industrial land offers a compelling investment opportunity in a thriving market. The property's zoning and permitted uses should be independently verified. Serious inquiries are encouraged to explore the possibilities of this exceptional land parcel.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1960
Construction FRAME
Total area 1,358 SF
Lot 1.21 ac (52,800 SF)
APN 0280-221-03-0000
UPID US10-1012943

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

948 Norman Rd San Bernardino, CA 92408-2502
San Bernardino metro Census 7202 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$900k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$900k

Owner & transaction history

since 2024
Last sale
$900,000
5 recorded transactions
2024
$900,000
2024
Price N/A
2024
Price N/A
2019
Price N/A
2001
$50,500

Zoning & alternative use

Top alternative use upside
Office building $590,000 +52.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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