USGS-Leased Flex
New
For Sale
$2,495,000
1653 Plum Ln, Redlands, CA 92374
The space combines office, laboratory, storage and flexible work areas in a single facility.
Property Size8,836 SF
Price / SF$282.37
Days on Market6
Property Features for 1653 Plum Ln
General Information
Standard status
Active
Size
8,836 SF
Total Parking Spaces
17
Property subtype
Industrial
Additional Details
Asking Price
$2,495,000
Building Details
Building Size
8,836 SF
Year Built
2023
Buildings
1
Listing Agency:
Lee & Associates
Listed By:
Spencer Hull · License #CalDRE #01507542
(951) 276-3651
Source:
Lee-associates
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 12 at 6:21PM
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 Lee & Associates
Investment Insights
Based on property information with market context.
Built in 2023, this flex property contains 8,836 square feet arranged for office, laboratory, storage and flexible workspace. The building is leased to the United States Geological Survey through March 2027.
Parking totals 17 spaces, including eight inside a secured, fenced area. The property is in Redlands’ Orange Tree Lane Business District.
Parking totals 17 spaces, including eight inside a secured, fenced area. The property is in Redlands’ Orange Tree Lane Business District.
Key Highlights
- 8,836 SF flex building built in 2023
- Leased to the United States Geological Survey through March 2027
- Office, lab, storage and flex space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,560
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,451,200
$1.5M
Cap Rate 7%
$1,036,571
$1.0M
Cap Rate 9%
$806,222
$806.2K
Market Conditions
NOI Build-Up for 8,836 SF
Gross rent
$110.3K $12.48/SF
− Vacancy
−$6.6K −$0.75/SF
EGI
$103.7K $11.73/SF
− OpEx
−$31.1K −$3.52/SF
NOI
$72.6K $8.21/SF
Area
San Bernardino County, CA
Vacancy
6.00%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,451,200
Cap Rate 7%
$1,036,571
Cap Rate 9%
$806,222
Alternative Uses
Best Use
Industrial
$1.04M
$907.0K – $1.21M
NOI $72,560 @ 7.0% cap · market cap 2.91%
Second Best
Flex RnD
$962.5K
$842.2K – $1.12M
NOI $67,377 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,468 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,011
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Gwen Marlowe Foods & Catering — 721 Nevada St STE 202, Redlands, CA 92373
- Grandpa Joes Tamales — 721 Nevada St, Redlands, CA 92373
- Corbett's Catering — 2064 Orange Tree Ln, Redlands, CA 92374
Frequently Asked Questions
What type of property is this?
Flex space - The space combines office, laboratory, storage and flexible work areas in a single facility.
Where is this flex space located?
The property is located at 1653 Plum Ln Redlands, CA.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: 8,836 SF flex building built in 2023; Leased to the United States Geological Survey through March 2027; Office, lab, storage and flex space
