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    Property profile & analytics

    668 Redlands Blvd Redlands, CA 92373

    • Mixed-use properties
    • 2,182 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0949852
    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

    • Pur Grace Day Spa / Spa

    Property Details for 668 Redlands Blvd

    Year built
    1946
    Lot size
    0.15 lot acres
    Property size
    2,182 SF
    Property type
    Mixed-use properties

    Description

    This exceptional mixed-use property at 668 Redlands Boulevard in Downtown Redlands, California, presents a unique investment opportunity. Spanning 2,182 square feet on a 0.15-acre lot, this building offers high visibility and accessibility due to its strategic location on the bustling E Redlands Boulevard. The interior is thoughtfully designed to accommodate a variety of uses. Currently configured with three office spaces and a day spa, the layout is adaptable to suit diverse business needs. The main building provides ample space for professional offices or similar businesses. A significant advantage is the generously sized storage unit located at the rear of the property. This separate area, effectively functioning as a second unit, offers substantial additional space ideal for storage, workshops, or even a secondary business operation. Priced at $995,000, this property represents a compelling investment in the thriving Redlands business community. Its central location in Downtown Redlands ensures convenient access to amenities and high foot traffic, making it an attractive proposition for both entrepreneurs and seasoned investors seeking a blend of functionality and prime real estate.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Redlands
    County
    San Bernardino
    State
    California
    Longitude
    -117.1745
    Latitude
    34.05357

    Comparable in this City

    • $130,000
      5.19 Acres

      Redlands Restaurant - Turnkey Opportunity

      Established eatery, high traffic area, immediate operation.
      1150 Brookside Ave, Redlands, CA 92373
      View Details
    • $2,240,000

      Redlands Office Condo For Sale

      5,837 SF office condo in central Redlands location.
      1861 W Redlands Blvd, Redlands, CA 92373
      View Details
    • $518,364
      30,492 SF

      Land Near 10 Freeway

      30,492 SF land with immediate freeway access.
      501 Nevada St, Redlands, CA 92373
      View Details
    • $1,125,000
      2,800 SF

      Medical/Dental Building For Sale

      Medical/dental building with one vacant suite and one leased unit.
      508 Cajon St, Redlands, CA 92373
      View Details
    • $250,000
      14,599.00 Acres

      Redlands Highview Infill Lot

      Highview infill lot in Redlands with potential utility access.
      Highview Dr, Redlands, CA 92373
      View Details
    • $499,000
      17,300.00 Acres

      Redlands Land Near Country Club

      Land located near Redlands Country Club on Garden Hill.
      Garden St, Redlands, CA 92373
      View Details

    Similar Nearby for Sale

    • $130,000
      5.19 Acres

      Redlands Restaurant - Turnkey Opportunity

      Established eatery, high traffic area, immediate operation.
      1150 Brookside Ave, Redlands, CA 92373
      View Details
    • $2,240,000

      Redlands Office Condo For Sale

      5,837 SF office condo in central Redlands location.
      1861 W Redlands Blvd, Redlands, CA 92373
      View Details
    • $518,364
      30,492 SF

      Land Near 10 Freeway

      30,492 SF land with immediate freeway access.
      501 Nevada St, Redlands, CA 92373
      View Details
    • $1,125,000
      2,800 SF

      Medical/Dental Building For Sale

      Medical/dental building with one vacant suite and one leased unit.
      508 Cajon St, Redlands, CA 92373
      View Details
    • $250,000
      14,599.00 Acres

      Redlands Highview Infill Lot

      Highview infill lot in Redlands with potential utility access.
      Highview Dr, Redlands, CA 92373
      View Details
    • $499,000
      17,300.00 Acres

      Redlands Land Near Country Club

      Land located near Redlands Country Club on Garden Hill.
      Garden St, Redlands, CA 92373
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      15,900 SF

      Redlands Flex Space Available

      Flex space available for rent in Redlands, California.
      450 Kansas St, Redlands, CA 92373
      View Details
    • $1.20 SF/Yr
      20,400 SF

      Redlands Warehouse with Racking System

      20,400 SF warehouse with racked pallet positions available for sublease.
      1645 W Park Ave, Redlands, CA 92373
      View Details
    • Contact for pricing
      73,729 SF

      Redlands Industrial Building For Lease

      73,729 SF industrial building featuring truck court and loading docks.
      509 Alabama St, Redlands, CA 92373
      View Details
    • $30 SF/Yr
      2,251 SF

      Redlands Retail Space Available

      High-traffic retail shops, prime location.
      1615 Redlands Blvd, Redlands, CA 92373
      View Details
    • Contact for pricing
      8,689 SF

      Retail Space Available in Redlands

      Retail space for lease near major retailers in Redlands.
      2068 W Redlands Blvd, Redlands, CA 92373
      View Details
    • Contact for pricing
      62,999 SF

      Redlands Retail Space Available

      Prime Redlands location, multiple suites, various sizes.
      0 State & 3, Redlands, CA 92373
      View Details

    Property Visit Statistics

    • Visits by month
      21.8k
    • Visitors by month
      15.4k
    • Avg Time on site
      13 min
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    668 Redlands Blvd
    Redlands, CA 92373
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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.

    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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