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Property profile & analytics
OFF-MARKET
Estimated value
$3,110,000
Flex space
10046 Rancho Rd Adelanto, CA 92301
Individually Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0572608
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1989
Construction
STEEL FRAME
Total area
34,500 SF
Lot
4.69 ac (204,296 SF)
APN
0459-681-03-0000
UPID
US10-0572608
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.11M
Owner & transaction history
Jack Hall · 10 yrs held
Jack Hall
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Adelanto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Adelanto 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$90 / 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
$33,875
Tax year 2024
Assessed value
$3,022,850
Assessed 2024
Previous assessed
$3,022,850
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$116,059
Assessed improvement
$2,906,791
Applied tax rate
14.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1989
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Rooms
5
Bathrooms
2
Total area
34,500 SF
Lot
4.69 ac (204,296 SF)
APN
0459-681-03-0000
UPID
US10-0572608
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
Building & site characteristics
From public records
Year built
1989
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Rooms
5
Bathrooms
2
Lot
4.69 ac
Current owner
From public records · entity-resolved
Jack Hall
Individual
Mailing address
14390 CIVIC DR STE B, VICTORVILLE, CA 92392-9709
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2025
—
Mth Development Group LLC
—
Deed
related
$1,034,492 · Engelhardt Holdings LLC
Sep 9, 2022
—
Mth Development Group LLC
—
Deed
related
$2,900,000 · Estes Family Trust
Apr 15, 2022
—
Mth Development Group LLC
—
Deed
related
$3,500,000 · Royal Heirs LLC
Feb 1, 2017
—
Jack Hall
—
Deed
related
$1,500,000 · Other Institutional Lenders
Aug 15, 2016
—
Mth Dev Group LLC
—
Deed
related
$500,000 · Private Individual
Sep 9, 2015
$1,450,000
Jack Hall
Muhamet Cifligu
Grant Deed
$825,000 · Mortgage Income Fund
Aug 18, 2014
$660,000
Muhamet Cifligu
Myer/parker
Grant Deed
—
Aug 18, 2014
—
Myer Of Parker
Myer Of Parker
Quit Claim Deed
related
—
Apr 18, 1996
—
Myer/parker
—
Grant Deed
related
$792,000 · Community Bank NA
Feb 1, 1996
—
Douglas W Myers
—
Deed Of Trust
related
—
Aug 27, 1993
—
Douglas W Myers
—
Deed Of Trust
related
—
—
—
Myer/parker
—
Deed Of Trust
related
$616,000 · Community Bank NA
—
—
Myer/parker
—
Deed Of Trust
related
$184,000 · Enterprise Funding
—
—
Mth Dev Group LLC
—
Deed Of Trust
related
$500,000 · Private Individual
—
—
Jack Hall
—
Deed Of Trust
related
$1,500,000 · Other Institutional Lenders
—
—
Myer/parker
—
Deed Of Trust
related
$747,000 · Zions First National Bank
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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