Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2351 Lugonia Ave Redlands, CA 92374

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Modern warehouse, 6,175 sq ft available.

    Lot size:
    28,795 SF

    Property Features for 2351 Lugonia Ave

    General Information

    Property type
    Distribution centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    28,795 SF
    Class
    C

    Building Details

    Year Built
    2003

    Spaces For Lease

    at 2351 Lugonia Ave, Redlands, CA 92374 Contact us

    We can help!

    Listing Contact
    Alex Smith
    Alex Smith

    Listing Agent: Alex Smith

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional warehouse space, part of the Redlands Corporate Center, offers 6,175 square feet of immediately available space within a larger 28,795 square foot building. Located at 2351 W Lugonia Ave, Redlands, CA 92374, this Class C industrial property boasts a desirable location in San Bernardino County. Built in 2003, the building features a substantial 24-foot ceiling height, providing ample vertical storage capacity. The property includes three drive-in doors for convenient loading and unloading, and a generous parking ratio of 3 spaces per 1,000 square feet. Electrical service is robust, with 400 amps at 277/480 volts, three-phase power. The property is zoned SP-42 and has an APN of 0292-032-42-0000. This single-suite warehouse is perfect for businesses requiring efficient space and convenient access. The property is currently available for lease. Inquire today to learn more about this exceptional opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Surfer Joe's Eatery Restaurant Wild Goose Coffee ... Cafe & Coffee Shop Our Brew Production Facility California Mixer Parts Auto Parts Store Empire Photo Booth ... Wedding Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Redlands
    County
    San Bernardino
    State
    California
    Longitude
    -117.2355608
    Latitude
    34.069838

    Nearby Similar for Lease

    • $1,000 /Mo
      30,000 SF

      Class A Office Spaces Available

      Prime Redlands location with spaces from 1,000 to 12,000 sqft.
      1801 Orange Tree Ln, Redlands, CA 92374
      View Details
    • $2,500 /Mo
      500 SF

      Medical Office Shared Space

      Furnished medical suites available for lease in Redlands, CA.
      1801 Orange Tree Ln, Redlands, CA 92374
      View Details
    • $4,595 /Mo
      2,446 SF

      Redlands Retail Space For Lease

      Retail space available for lease in Redlands, California.
      519 E Stuart Ave, Redlands, CA 92374
      View Details
    • $0.95 SF/Yr
      30,918 SF

      Redlands Business Park Space Available

      Professional business park with excellent freeway access, available immediately.
      1135 Research Dr, Redlands, CA 92374
      View Details
    • $1.10 SF/Yr
      28,795 SF

      Redlands Corporate Center Retail Frontage

      Professional business park with excellent freeway access and retail frontage.
      2351 W Lugonia Ave, Redlands, CA 92374
      View Details
    • $2 SF/Yr
      2,049 SF

      Freestanding Former Animal Hospital Available

      Freestanding animal hospital with kennels, conveniently located near major thoroughfares.
      1093 W Colton Ave, Redlands, CA 92374
      View Details
    • $2 SF/Yr
      6,272 SF

      Downtown Redlands Office Space

      Office space for rent in historic downtown Redlands, CA.
      300 East State St, Redlands, CA 92373
      View Details
    • Contact for pricing
      8,689 SF

      Retail Space Available in Redlands

      Retail space for lease near major retailers in Redlands.
      2068 W Redlands Blvd, Redlands, CA 92373
      View Details
    • Contact for pricing

      Redlands Office Building - Leased

      Fully leased office building in Redlands, CA. No availability.
      1706-1710 Plum Ln, Redlands, CA 92374
      View Details
    • Contact for pricing

      Fully Leased Office Building

      Office building in Redlands, CA, currently 100% leased.
      1662-1668 Plum Ln, Redlands, CA 92374
      View Details
    • Contact for pricing

      Redlands Office Building - Leased

      Fully leased office building in Redlands, California.
      1740 Plum Ln, Redlands, CA 92374
      View Details
    • $1.35 SF/Yr
      2,108 SF

      Redlands Office Space For Lease

      Office space available for lease in Redlands, California.
      1765-1795 Orange Tree Ln, Redlands, CA 92374
      View Details

    FAQs

    What type of property is this?
    Distribution center - Modern warehouse, 6,175 sq ft available.
    Where is this distribution center located?
    The property is located at 2351 Lugonia Ave Redlands, CA.
    What are key features of this property?
    This property features: 6,175 SF warehouse space available for lease in Redlands Corporate Center.; Three ground-level drive-in doors.; 24' clear ceiling height.
    (951) 276-3668 Call to check price and availability
    Request Owner's contact information
    2351 Lugonia Ave Redlands, CA 92374
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2351 Lugonia Ave
    Redlands, CA 92374
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    2351 Lugonia Ave Redlands, CA 92374
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Alex Smith
    Alex Smith
    Real Estate License ID: 02031896
    (951) 276-3668 (951) 276-3600
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!