Remodeled Two-Unit Retail
821 Orange Street Redlands, CA 92374
821 Orange Street, Redlands, CA, 92374
$839,000
For Sale
$839,000
Two remodeled retail units are leased and occupied, with access to up to 16 shared parking spaces.
Property Size3,065 SF
Price / SF$273.74
Days on Market172
Property Features for 821 Orange Street
General Information
- Standard status
- Active
- Size
- 3,065 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1926
Listing agency
GILBERT PEREZ, BROKER
(951) 202-2877
Listed by
GILBERT PEREZ
Source
Xome
Added: Feb 1 Updated: Jul 23 at 3:55AM Checked: Jul 23 at 3:55AM
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 GILBERT PEREZ, BROKER
Investment Insights
Based on property information with market context.
The property consists of two retail units within a recently remodeled interior and exterior. The offering is described as having potential for historic designation, with an established date noted as 1960. Both units are currently leased and occupied with business tenants.
The subject is located near the intersection of Orange St and Colton Ave, within walking distance to Downtown Redlands and the Train Station. Access is described as convenient to Interstate 10 freeway on and off ramps, and parking is noted as shared up to 16 additional spaces.
Surrounding businesses include Stater Bros., Domino’s Pizza, Chevron Gas, Salvation Army, and Liberty Tax. The property includes two units designed to support current leased occupancy.
The subject is located near the intersection of Orange St and Colton Ave, within walking distance to Downtown Redlands and the Train Station. Access is described as convenient to Interstate 10 freeway on and off ramps, and parking is noted as shared up to 16 additional spaces.
Surrounding businesses include Stater Bros., Domino’s Pizza, Chevron Gas, Salvation Army, and Liberty Tax. The property includes two units designed to support current leased occupancy.
Key Highlights
- 2 leased retail units, occupied by business tenants
- Recently remodeled interior and exterior
- Year built 1926 with potential for historic designation
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.2k | $21.60 |
| − Vacancy | −$3.4k | −$1.12 |
| EGI | $62.8k | $20.48 |
| − OpEx | −$18.8k | −$6.14 |
| NOI | $43.9k | $14.33 |
3,065 SF · lease $21.60/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$627.6K
$549.2K – $732.2K
NOI $43,933 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$646.5K
$565.7K – $754.3K
NOI $45,256 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Redlands Liquidation outlet
Shopping Center & Mall
Setfree Thrift Store ...
Church
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- The Black Orchid Designs — 430 E Redlands Blvd, Redlands, CA 92373
- Flower Delivery Redlands — 111 E State St, Redlands, CA 92373
FAQs
What type of property is this?
Storefront property - Two remodeled retail units are leased and occupied, with access to up to 16 shared parking spaces.
Where is this storefront property located?
The property is located at 821 Orange Street Redlands, CA.
What is the asking price?
The asking price for this property is $839,000.
What are key features of this property?
This property features: 2 leased retail units, occupied by business tenants; Recently remodeled interior and exterior; Year built 1926 with potential for historic designation
