Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land Near Retail Hub Title is generated by Realmo AI

    W Lugonia and Tenesee Street, Redlands, CA 92374

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Commercial land for rent near shopping and freeway access.

    Type:Retail
    Added:
    Jan 27, 2026
    Days on Market:
    107
    Last Refresh:
    Apr 5 at 11:30 pm

    Property Features for W Lugonia and Tenesee Street

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at W Lugonia and Tenesee Street Contact us

    We can help!

    Listing Contact
    Bryan Norcott

    Listing agent Bryan Norcott License #CA RE Lic. #01200077

    Listing office Newmark

    Listing date Jan 27, 2026

    Source Nmrk

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

    All listing content including descriptions, pricing, images are the copyrighted material of Newmark

    HighLights

    • Prime location in a leading Inland Empire retail submarket.
    • Excellent access and visibility from the San Bernardino (10) and Foothill (210) Freeways.
    • Conveniently located near Citrus Plaza and Mountain Grove Shopping Center.
    • Adjacent to a newly approved Walmart‑anchored development.
    • Exceptional demographic characteristics ideal for business ventures.
    • Expected delivery in the first quarter of 2027.

    Overview

    This commercial land is located near Citrus Plaza and Mountain Grove Shopping Center, adjacent to a newly approved Walmart-anchored development. Situated within a leading retail submarket in the Inland Empire, the property benefits from access and visibility from the San Bernardino (10) and Foothill (210) Freeways. The area has favorable demographic characteristics. Expected delivery is scheduled for the first quarter of 2027.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Redlands
    County
    San Bernardino
    State
    California
    Longitude
    -117.163
    Latitude
    34.0652

    Nearby Similar for Lease

    • $2,500/Mo

      Medical Office Shared Space

      Furnished medical suites available for lease in Redlands, CA.
      1801 Orange Tree Lane, Redlands, CA 92374
      View Details
    • $1,000/Mo

      Class A Office Spaces Available

      Prime Redlands location with spaces from 1,000 to 12,000 sqft.
      1801 Orange Tree Lane, Redlands, CA 92374
      View Details
    • $2,500/Mo

      Furnished Medical Office Shared Space

      State-of-the-art, fully furnished medical suites available for rent.
      1801 Orange Tree Ln, Redlands, CA 92374
      View Details
    • $1,990/Mo

      Office Space Above Visitor Center

      Office space for rent with included utilities and security.
      14 N 5th, Redlands, CA 92373
      View Details
    • $2 SF/Yr

      Freestanding Former Animal Hospital Available

      Freestanding animal hospital with kennels, conveniently located near major thoroughfares.
      1093 W. Colton Ave., Redlands, CA 92374
      View Details
    • $1.10 SF/Yr

      Redlands Corporate Center Retail Frontage

      Professional business park with excellent freeway access and retail frontage.
      2351 W Lugonia Ave, Redlands, CA 92374
      View Details
    • $2 SF/Yr

      Downtown Redlands Office Space

      Office space for rent in historic downtown Redlands, CA.
      300 East State Street, Redlands, CA, 92373
      View Details
    • Contact for pricing

      Redlands Warehouse Space Available

      Available warehouse space in Redlands, California.
      9425 Nevada Street, Redlands, CA 92374
      View Details
    • $1.35 SF/Yr

      Redlands Office Space For Lease

      Office space available for lease in Redlands, California.
      1765-1795 Orange Tree Ln, Redlands, CA
      View Details
    • $0.95 SF/Yr

      Redlands Business Park Space Available

      Professional business park with excellent freeway access, available immediately.
      1135 Research Drive, Redlands, CA 92374
      View Details
    • Contact for pricing

      Redlands Warehouse with Secured Truck Court

      148,555 SF warehouse with immediate freeway access.
      26871 San Bernardino Avenue, Suite 2, Redlands, CA, 92374
      View Details
    • $1.00 SF/Yr

      Redlands Warehouse with Office Space

      Warehouse space featuring office and drive-in door in Redlands.
      421 Business Center Ct, Redlands, CA
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land for rent near shopping and freeway access.
    Where is this commercial land located?
    The property is located at W Lugonia and Tenesee Street Redlands, CA.
    What are key features of this property?
    This property features: Prime location in a leading Inland Empire retail submarket.; Excellent access and visibility from the San Bernardino (10) and Foothill (210) Freeways.; Conveniently located near Citrus Plaza and Mountain Grove Shopping Center.
    (213) 298-3595
    We can help!
    Listing Contact
    Bryan Norcott
    Real Estate License ID: CA RE Lic. #01200077
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    W Lugonia and Tenesee Street , Redlands, CA 92374
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!