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Property profile & analytics
OFF-MARKET
Estimated value
$226,260,000
Distribution centers
18880 Navajo Rd Apple Valley, CA 92307-9303
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-1359139
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2018
Construction
CONCRETE
Total area
1,345,009 SF
Lot
106.45 ac (4,637,168 SF)
APN
0463-231-61-0000
UPID
US10-1359139
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
BIG LOTS Distribution Center Distribution Center Logistics Company
-
Big Lots Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$206.34M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$226.26M
Owner & transaction history
Big Avca Owner LLC · 2 yrs held
Big Avca Owner LLC
since 2023
Last sale
$219.1M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$362.1M
+5.6%
Commercial (general)
$357.0M
+4.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Apple Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Apple Valley submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$260,550,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$223,530,000
6.5%
$206,335,000
7%
$191,595,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$342,815,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$362,065,000
Change: +6% · Conversion: Moderate
COMMERCIAL (GENERAL)
$356,990,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$226.26M
Range $203.63M – $248.89M · ±10% · vs last sale $219.08M (Aug 29 2023)
Last sale anchor
$219.08M
Aug 29 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$168 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$1,681,897
Tax year 2024
Assessed value
$152,898,600
Assessed 2024
Previous assessed
$152,898,600
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$11,600,000
Assessed improvement
$141,298,600
Applied tax rate
21.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2018
Construction
CONCRETE
Heating
NONE
Units
1
Total area
1,345,009 SF
Lot
106.45 ac (4,637,168 SF)
APN
0463-231-61-0000
UPID
US10-1359139
Jurisdiction
SAN BERNARDINO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$342.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$362.1M
COMMERCIAL (GENERAL)
Est. value
$357.0M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Construction
CONCRETE
Heating
NONE
Units
1
Lot
106.45 ac
Current owner
From public records · entity-resolved
Big Avca Owner LLC
Entity
Mailing address
30 N LA SALLE ST STE #4140, CHICAGO, IL 60602-2900
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2023
$219,078,500
Big Avca Owner LLC
Avdc LLC
Grant Deed
$109,500,000 · Jpmorgan Chase Bank NA
Aug 29, 2023
$101,180,000
Avdc LLC
Bankers Commercial Corporation
Grant Deed
$109,500,000 · Jpmorgan Chase Bank NA
Aug 29, 2023
—
Blbo Tenant LLC
Big Avca Owner LLC
Lease
—
Mar 16, 2023
$152,899,000
Bankers Commercial Corporation
Wachovia Service Corporation
Grant Deed
—
Jan 23, 2019
—
Wachovia Service Corp
Liberty Utilities Corp
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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