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    Retail Anchor Space with Former Med Spa Title is generated by Realmo AI

    1625 W Lugonia Ave, Redlands, CA 92374

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    For Lease
    $4 SF/Yr $12,769/Mo (calc)

    Attractive anchor opportunity supporting shopping, dining, and entertainment with an additional former med spa suite.

    Type:Retail
    Property size:
    36,055 SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 1:49 am

    Property Features for 1625 W Lugonia Ave

    General Information

    Standard status
    Active
    Size
    36,055 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2005

    Spaces For Lease

    at 1625 W Lugonia Ave Contact us

    We can help!

    Listing Contact
    Paul Galmarini
    Paul Galmarini

    Listing agent Paul Galmarini License #CalDRE #01816151

    Listing office Progressive Real Estate Partners

    Listing date Jun 2, 2026

    Source Progressiverep

    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 Progressive Real Estate Partners

    HighLights

    • 2005‑built commercial anchor opportunity with 36,055 SF anchor space available
    • Also includes an additional 869 SF former med spa suite available

    Overview

    A strong retail anchor opportunity is available for leasing, featuring a large anchor space of 36,055 SF plus an additional 869 SF former med spa suite. The offering is positioned around curated retail, dining, and entertainment experiences, giving retailers and operators a format designed to draw steady customer flow.

    The property is located at 1625 W Lugonia Ave in Redlands, CA, and is described as a high-traffic anchor in the heart of the region. This retail environment is intended to support a mix of shopping destinations alongside dining and entertainment, which can be beneficial for tenants seeking visibility and consistent visitation.

    The combination of a dedicated anchor footprint and a smaller, former wellness-oriented space may appeal to a range of users, including retail operators looking to anchor a center and brands that can flex into a spa-style buildout. The presence of both suites also supports flexibility for tenants that want either a primary destination location or a secondary concept within the same overall retail and experience-driven setting.
    Location Intelligence

    Current Use by Public Records

    Orange Tree Marketplace Shopping Center & Mall JOANN Fabric and Crafts (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Building Supply Law Firm Big Box & Wholesale Store Dental Office Spa & Massage Center Hair Salon Pharmacy Auto Repair Shop

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

    Similar Places Nearby

    • Tri City Shopping Center — 1380 Industrial Park Ave, Redlands, CA 92374
    • Coin Cloud Bitcoin ATM — 758 Tennessee St, Redlands, CA 92374
    • Quick-Tag — Walmart 2050 W, W Redlands Blvd, Redlands, CA 92373
    • Coinstar Kiosk | Bitcoin ATM — Kroger - Food 4 Less, 2070 W Redlands Blvd, Redlands, CA 92373
    • Action automotive repair — 2021 Rancho Dr, Redlands, CA 92373, United States

    Location Insight

    • Map
    • Local Demand
    City
    Redlands
    County
    San Bernardino
    State
    California
    Longitude
    -117.2098945
    Latitude
    34.0693531

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    FAQs

    What type of property is this?
    Shopping center - Attractive anchor opportunity supporting shopping, dining, and entertainment with an additional former med spa suite.
    Where is this shopping center located?
    The property is located at 1625 W Lugonia Ave Redlands, CA.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: 2005‑built commercial anchor opportunity with 36,055 SF anchor space available; Also includes an additional 869 SF former med spa suite available
    (949) 232-3032
    We can help!
    Listing Contact
    Paul Galmarini
    Paul Galmarini
    Real Estate License ID: CalDRE #01816151
    Learn More
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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.

    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.

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