Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    SW Sessums Dr & Wabash Ave Redlands, CA

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $28,993,160

    Approximately 18 acres of land available for lease.

    Property size:
    826,902 SF
    Lot size:
    18.98 Acres

    Property Features for SW Sessums Dr & Wabash Ave

    General Information

    Size
    826,902 SF
    Lot size
    18.98 Acres

    We can help!

    Listing Contact
    Rick John, Sior
    Source: Moodyscre

    Listing Agent: Rick John, Sior

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Redlands Land for Lease

    This property features approximately 18 acres of land available for lease. Short term leases are acceptable, and the owner will consider trailer storage. The property is located at the intersection of SW Sessums Drive and Wabash Avenue in Redlands, California.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Redlands
    County
    San Bernardino
    State
    California
    Longitude
    -117.1558867
    Latitude
    34.0708773

    Nearby Similar for Lease

    • $4,595 /Mo
      2,446 SF

      Redlands Retail Space For Lease

      Retail space available for lease in Redlands, California.
      519 E Stuart Ave, Redlands, CA 92374
      View Details
    • Contact for pricing
      1,237 SF

      Redlands Flex Space For Lease

      1,237 SF Flex/Warehouse in Redlands, CA
      922 New York St, Redlands, CA 92374
      View Details
    • $11 SF/Yr
      32,833 SF

      Redlands Industrial Space For Lease

      Large Manufacturing/Distribution Facility Available
      1135 Research Dr, Redlands, CA 92374
      View Details
    • $17 SF/Yr
      77,902 SF

      Redlands Office Space For Lease

      Prime Redlands Office Suites Available
      1740-1770 Orange Tree Ln, Redlands, CA 92374
      View Details
    • $24 SF/Yr
      16,714 SF

      Redlands Medical Office Space Available

      Prime Redlands location, two medical buildings.
      1800 Redlands Blvd, Redlands, CA 92373
      View Details
    • Contact for pricing
      545,008 SF

      Citrus Plaza Retail Center

      Redlands Power Center - Spaces Available
      27320-27550 Lugonia Ave, Redlands, CA 92374
      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
    • $1.95 SF/Yr
      1,358 SF

      Centennial Place Executive Suites

      Redlands, CA Executive Office Space
      1652 Plum Ln, Redlands, CA 92374
      View Details
    • $18 SF/Yr
      21,750 SF

      Redlands Blvd Retail Space Available

      Prime Retail Box, High Traffic Area
      1678 Redlands Blvd, Redlands, CA 92373
      View Details
    • $15 SF/Yr
      97,185 SF

      Citrus Village Plaza: Redlands Retail

      Redlands retail space, multiple units available.
      700 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
    • $11,028 /Mo

      Corner Warehouse Space Available

      Bright warehouse space for sublease near I-10 & I-215.
      1115 Research Dr, Redlands, CA 92374
      View Details

    FAQs

    What type of property is this?
    Land - Approximately 18 acres of land available for lease.
    Where is this land located?
    The property is located at SW Sessums Dr & Wabash Ave Redlands, CA.
    What are key features of this property?
    This property features: - ±18 Acres Available; - For Sale/Lease; - Short Term Leases Okay
    (909) 980-1234
    Request Owner's contact information
    SW Sessums Dr & Wabash Ave Redlands, CA
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    SW Sessums Dr & Wabash Ave
    Redlands, CA
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    SW Sessums Dr & Wabash Ave Redlands, CA
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Rick John, Sior
    (909) 980-1234
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.