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    Meines St & Palm Ave Highland, CA 92346
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    Meines St & Palm Ave Highland, CA 92346

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    • Warehouses
    • 284,917 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 0 Meines St & Palm Ave

    Property size
    284,917 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional single-tenant warehouse, located at the Northwest corner of Meines Street and Palm Avenue in Highland, California, offers an expansive 284,917 square feet of space. Situated in San Bernardino County, zip code 92346, this property presents a significant opportunity for businesses seeking a large-scale industrial facility. The warehouse boasts a substantial 36-foot ceiling height, providing ample vertical space for storage and operations. The entire building is currently vacant, allowing for complete customization to meet specific tenant requirements. The property's strategic location offers excellent access to major transportation routes, facilitating efficient logistics and distribution. With its impressive size, high ceilings, and prime location, this warehouse is ideally suited for a variety of industrial uses, including warehousing, distribution, and light manufacturing. The property is available for lease and presents a rare opportunity to secure a substantial industrial space in a thriving Southern California market. Interested parties are encouraged to inquire for further details and leasing information. The property is located at the Northwest corner of Meines St & Palm Ave, Highland, CA 92346.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Highland
    County
    San Bernardino
    State
    California
    Longitude
    -117.209
    Latitude
    34.1086

    Comparable in this City

    • Value Estimation by Request
      1,500 SF

      7712 Victoria Ave

      Distribution properties • 1,500 SF
      7712 Victoria Ave, Highland, CA 92346
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    • Value Estimation by Request
      19,600 SF

      27002 Meines St

      Life science properties • 19,600 SF
      27002 Meines St, Highland, CA 92346
      View Details
    • Value Estimation
      $1,150,000
      6.75 Acres

      Highland, CA 92346

      DISTRIBUTION WAREHOUSE • 6.75 Acres
      Highland, CA 92346
      View Details
    • Value Estimation
      $25,365,000
      8.14 Acres

      27400 5th St

      DISTRIBUTION WAREHOUSE • 8.14 Acres
      27400 5th St, Highland, CA 92346-4217
      View Details
    • Value Estimation
      $850,000
      5,600 SF

      7935 Lankershim Ave

      DISTRIBUTION WAREHOUSE • 5,600 SF
      7935 Lankershim Ave, Highland, CA 92346-4027
      View Details
    • Value Estimation
      $975,000
      5.56 Acres

      7820 Victoria Ave

      DISTRIBUTION WAREHOUSE • 5.56 Acres
      7820 Victoria Ave, Highland, CA 92346-5672
      View Details

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      121,294 SF

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    Meines St & Palm Ave
    Highland, CA 92346
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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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