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    Property profile & analytics

    700 Lugonia Ave Redlands, CA 92374

    • Commercial real estate
    • 2.58 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1407397
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 700 Lugonia Ave

    Lot size
    2.58 lot acres
    Property type
    Commercial real estate
    APN
    0167271060000

    Description

    This exceptional 2.577-acre commercial land parcel, located at 700 E Lugonia Ave, Redlands, CA 92374 (APN 0167271060000), presents a compelling investment opportunity. Priced at $2,450,000, this vacant land offers 112,252 square feet of developable space, boasting a land value of $21.83 per square foot. Situated in the desirable IE East market area at the intersection of Lugonia Ave and Church St, the property benefits from convenient access to essential utilities including gas, water, sewer, electric, and fiber. The property's zoning designation is Vacant Land (NEC). This substantial acreage provides ample room for a variety of development projects, making it an attractive prospect for discerning investors and developers seeking a prime location in Redlands. All information provided is believed to be accurate but should be independently verified by the buyer. The seller makes no warranties or guarantees.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Redlands
    County
    San Bernardino
    State
    California
    Longitude
    -117.17455604537
    Latitude
    34.070005444734

    Comparable in this City

    • Contact for pricing
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      Redlands Commercial Lot For Sale

      Commercial lot in Redlands Transit Village Specific Plan area.
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    • $2,500,000

      Prime Redlands Land Opportunity

      2.78 acres of land in high-traffic Redlands location.
      831 W Lugonia Ave, Redlands, CA 92374
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    • $2,950,000
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      Redlands Land Parcel for Development

      Two leveled parcels in Redlands suitable for residential development.
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    • $6,480,000
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      Freeway Frontage Vacant Land

      Three lots of vacant land with freeway frontage and retail amenities.
      Swq Orange Tree Ln. & Alabama St, Redlands, CA 92374
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    • $130,000

      Land For Sale

      Land available for sale.
      1251 E Lugonia Ave, Redlands, CA 92374
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6.50 Acres

      Redlands Commercial Land - 6.5 Acres

      Prime Redlands commercial land, freeway access.
      0 Nec San Bernardino Ave & Texas St, Redlands, CA 92374
      View Details
    • $350,000

      Redlands Commercial Lot For Sale

      Commercial lot in Redlands Transit Village Specific Plan area.
      E Colton Ave, Redlands, CA 92374
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    • $2,500,000

      Prime Redlands Land Opportunity

      2.78 acres of land in high-traffic Redlands location.
      831 W Lugonia Ave, Redlands, CA 92374
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    • $2,950,000
      9 SF

      Redlands Land Parcel for Development

      Two leveled parcels in Redlands suitable for residential development.
      E San Bernardino Ave, Redlands, CA 92374
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    • $6,480,000
      6 SF

      Freeway Frontage Vacant Land

      Three lots of vacant land with freeway frontage and retail amenities.
      Swq Orange Tree Ln. & Alabama St, Redlands, CA 92374
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    • $130,000

      Land For Sale

      Land available for sale.
      1251 E Lugonia Ave, Redlands, CA 92374
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Redlands Commercial Land Opportunity

      6.5 Acres, Neighborhood Commercial Zoning
      0 Nec San Bernardino Ave & Texas St, Redlands, CA 92374
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      255,261 SF

      Land for Outside Storage

      5.86 acres available for short-term lease near freeways.
      1700 Sessums Dr, Redlands, CA 92374
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      135,472 SF

      Redlands Land for Lease

      Approximately 3.12 acres available for lease in Redlands, CA.
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      86,249 SF

      Redlands Land for Lease

      Approximately 1.98 acres available for lease in Redlands, CA.
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    • Contact for pricing
      488,582 SF

      Mountain Grove Retail Plaza, Redlands

      Prime Redlands retail space available.
      27651 San Bernardino Ave, Redlands, CA 92374
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    • $17 SF/Yr
      77,902 SF

      Redlands Office Space For Lease

      Prime Redlands Office Suites Available
      1740-1770 Orange Tree Ln, Redlands, CA 92374
      View Details
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    700 Lugonia Ave
    Redlands, CA 92374
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    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
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