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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Strip malls
1041 16th St, Upland, CA 91784-9154
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US10-0970460
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1998
Construction
WOOD
Total area
7,988 SF
Lot
1.42 ac (61,855 SF)
APN
1044-491-12-0000
UPID
US10-0970460
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
Current use
Occupant on record · Public records
-
Sara Calvarese DVM Physician
-
Veterinary Eye Institute - Upland (formerly Veterinary Ophthalmic Consulting) Veterinary Clinic
-
Veterinary Eye Institute Upland Veterinarian Eye Care Center
-
Roundin 3rd Sports Bar & Grill Bar & Pub
-
Magic Touch Salon & Spa Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$950k
CAP Approach
CAP
$1.19M
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$1.10M
Owner & transaction history
Shops On 16th LLC · 8 yrs held
Shops On 16th LLC
since 2018
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 Upland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Upland 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
Method
Estimation
Statistic approach
by Request
ML approach
$950,000
CAP Approach
CAP Return
Estimation
6%
$1,290,000
6.5%
$1,190,000
7%
$1,105,000
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$138 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$42,233
Tax year 2023
Assessed value
$4,020,534
Assessed 2024
Previous assessed
$3,941,700
+2.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$1,035,007
Assessed improvement
$2,985,527
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1998
Construction
WOOD
Heating
NONE
Buildings
2
Units
3
Total area
7,988 SF
Lot
1.42 ac (61,855 SF)
APN
1044-491-12-0000
UPID
US10-0970460
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
1998
Construction
WOOD
Heating
NONE
Buildings
2
Units
3
Lot
1.42 ac
Current owner
From public records · entity-resolved
Shops On 16th LLC
Entity
Mailing address
215 N 2ND AVE E STE E, UPLAND, CA 91786-8317
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2026
—
Shops On 16th LLC
—
Deed
related
$6,900,000 · Orange Countys Cu
Aug 17, 2021
—
Shops On 16th LLC
—
Deed
related
$5,350,000 · Cathay Bank
Jul 23, 2019
—
Shops On 16th LLC
—
Deed
related
$375,000 · Cathay Bank
May 21, 2018
$6,900,000
Shops On 16th LLC
Gccfc 2005 Gg5 East 16th St LLC
Grant Deed
$5,200,000 · Cathay Bank
Sep 10, 2015
$4,376,000
Gccfc 2005-gg5 East 16th Stree
First American Title|upland Hills West LLC
Trustees Deed
related
—
Jun 25, 2007
—
Upland Hills Properties LLC
Upland Hills West LLC
Quit Claim Deed
related
—
Jul 8, 2005
$9,275,000
Upland Hills West LLC
Upland Hills Plaza LLC
Grant Deed
$6,950,000 · Greenwich Capital Financial Product
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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