Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    108 N Center St Redlands, CA 92373

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $175,000

    First floor unit near shopping and downtown Redlands.

    Lot size:
    0.28 Acres

    Property Features for 108 N Center St

    General Information

    Lot size
    0.28 Acres

    Building Details

    Year built
    1959

    We can help!

    Listing Contact
    Leticia Gutierrez
    Source: Elliman

    Listing Agent: Leticia Gutierrez

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

    Learn more

    Overview

    Redlands First Floor Unit

    This first-floor unit is located close to shopping and downtown Redlands. The property needs some updating.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Daycare Center Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Redlands
    County
    San Bernardino
    State
    California
    Longitude
    -117.190178
    Latitude
    34.0504715

    Nearby Similar for Sale

    • $600,000
      2,259 SF

      Redlands Income Property Opportunity

      Two single-family units on one lot in South Redlands.
      302 Sonora St, Redlands, CA 92373
      View Details
    • $830,000
      2,446 SF

      Redlands Commercial Property with Warehouse

      Commercial property featuring office/residential space and warehouse.
      519 E Stuart Ave, Redlands, CA 92374
      View Details
    • New
      $650,000
      1,043 SF

      Redlands Retail/Office Space For Sale

      Retail or office space in downtown Redlands with expansion potential.
      414 E Redlands Blvd, Redlands, CA 92373
      View Details
    • $1,999,000
      10,044 SF

      Redlands Commercial Investment Opportunity

      Two-parcel commercial property in Redlands with long-term tenants.
      320 E Stuart Ave, Redlands, CA 92374
      View Details
    • $1,170,000
      4,006 SF

      Redlands Multifamily Property For Sale

      Four-unit income property in a desirable Redlands neighborhood.
      610 E Lugonia Ave, Redlands, CA 92374
      View Details
    • $5,499,999
      11,655 SF

      Historic Redlands Estate For Sale

      Iconic estate with Victorian charm, suitable for various commercial uses.
      2064 Orange Tree Ln, Redlands, CA 92374
      View Details
    • $90,000

      Vintage Airstream Ice-Cream Trailer

      Turnkey 1952 Airstream trailer, permitted for ice-cream sales.
      824 Cajon St, Redlands, CA 92373
      View Details
    • New
      $825,000
      2,873 SF

      Redlands Multifamily Investment Opportunity

      1905 multifamily building with five units in Old Town Redlands.
      316 S 4Th St, Redlands, CA 92373
      View Details
    • $675,000
      1,488 SF

      Two Homes on One Lot

      Two homes on one lot, ideal for investment or multi-generational.
      316 Sonora St, Redlands, CA 92373
      View Details
    • $1,225,000

      Redlands Multifamily Property for Sale

      Five-unit property in central Redlands neighborhood near downtown.
      230 S Buena Vista St, Redlands, CA 92373
      View Details
    • $180,000

      Ground Floor Unit in Co-Op

      Two-bedroom, one-bathroom unit in Braemar Stock Co-Op community.
      112 N Center St, Redlands, CA 92373
      View Details
    • Contact for pricing
      39,259 SF

      Redlands Neighborhood Center Retail Space

      Retail spaces available in a well-maintained, busy neighborhood center.
      1502-1580 Barton Rd, Redlands, CA 92373
      View Details

    FAQs

    What type of property is this?
    Multifamily property - First floor unit near shopping and downtown Redlands.
    Where is this multifamily property located?
    The property is located at 108 N Center St Redlands, CA.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - First floor unit; - Close to shopping; - Close to downtown Redlands
    (562) 381-2020
    Request Owner's contact information
    108 N Center St Redlands, CA 92373
    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.
    108 N Center St
    Redlands, CA 92373
    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
    108 N Center St Redlands, CA 92373
    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
    Leticia Gutierrez
    (562) 381-2020
    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.