1652 Plum Lane, Redlands, CA 92374

Building Details

Year Built 2006 More

Buildings 2 More

Tenancy Multi More

Listing Agency: Universal Elite Realty

Listed By: Oliver Liu · License CA #01919930 Show Phone

Source: Crexi

Added: Oct 15 Changed: Nov 8 Last Checked: Nov 10 at 6:20AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This office portfolio combines two single-story buildings with approximately 10,055 square feet in total. Constructed in 2006, the properties contain multiple office suites and feature expansive windows, defined entrances, shared interior areas, landscaped grounds, and surface parking. The buildings are offered together as one portfolio; individual sales are not being considered.

The properties are located in an established commercial district in Redlands, near retail destinations, restaurants, professional services, and residential communities. Existing rental income and the multi-tenant suite layout are part of the property’s current profile.

Key Highlights

• Two office buildings totaling approximately 10,055 square feet
• Constructed in 2006, with single‑story layouts
• Multiple office suites across the portfolio

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$118,351

Cap Rate

3.95%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,367,020 $2.4M

Cap Rate 7%

$1,690,729 $1.7M

Cap Rate 9%

$1,315,011 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,055 SF

Gross rent

$171.3K $17.04/SF

− Vacancy

−$13.5K −$1.35/SF

EGI

$157.8K $15.69/SF

− OpEx

−$39.5K −$3.92/SF

NOI

$118.4K $11.77/SF

Area

San Bernardino County, CA

Vacancy

7.90%

Lease Rate

$17.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,367,020

Cap Rate 7%

$1,690,729

Cap Rate 9%

$1,315,011

Alternative Uses

Best Use

Office B

$1.69M

$1.48M – $1.97M (±1% cap)

NOI $118,351 @ 7.0% cap · market cap 3.95%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.12M

$1.86M – $2.47M (±1% cap)

NOI $148,467 @ 7.0% cap · market cap 4.95%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Gary Zendejas, REALTOR® ... Real Estate Agency Van der Stahl ... Industrial Manufacturer Sensit Inc (Bike/Boat/Book/etc) Store Dr. Shazia Hyder Physician World Travel Consultants Landscaping

Suggested Use

Top Pick Parking Lot & Garage Pet Grooming Service (Bike/Boat/Book/etc) Store Garden Center Restaurant Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,834

Businesses Nearby

Explore this area Business Placement

Demographics for 92374, CA

43,587

Population

15,038

Households

2.9

Avg Household Size

35

Median Age

37%

College-Educated

90%

High-School Grad

17.9 sq mi

ZIP Area

2,435

Density / Sq Mi

$96,237

Median Household Income

$41,349

Median Earnings

$1,972

Median Rent

$494,000

Median Home Value

Market

Average Price Trend$/SF for Office buildings in San Bernardino County, CA

$281 Jul

$302 Aug

$318 Sep

$323 Oct

Properties on Market for Office buildings in San Bernardino County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Multiple suites across both properties support a multi-tenant office configuration.

Where is this office building located?

The property is located at 1652 Plum Lane Redlands, CA.

What is the asking price?

The asking price for this property is $3,000,000.

What are key features of this property?

This property features: Two office buildings totaling approximately 10,055 square feet; Constructed in 2006, with single‑story layouts; Multiple office suites across the portfolio