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Property profile & analytics
OFF-MARKET
Estimated value
$13,035,000
Hotels
1041 Harriman Pl San Bernardino, CA 92408-4203
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US10-1021267
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2006
Construction
WOOD FRAME
Total area
48,198 SF
Lot
1.99 ac (86,823 SF)
APN
0281-091-49-0000
UPID
US10-1021267
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
-
Fairfield Inn & Suites San Bernardino Hotel & Motel
-
1041 E. Harriman Place Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.04M
Owner & transaction history
Eh Hospitality LLC · 4 yrs held
Eh Hospitality LLC
since 2021
Last sale
$13.5M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$21.0M
+31.4%
Restaurant
$19.7M
+23.4%
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 San Bernardino submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Bernardino 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
$14,060,000
ML approach
$11,085,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$15,950,000
Current use
OFFICE BUILDING
$20,955,000
Change: +31% · Conversion: Difficult
RESTAURANT
$19,690,000
Change: +23% · Conversion: Difficult
MEDICAL BUILDING
$13,945,000
Change: -13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$13,780,000
Change: -14% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$12,975,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$13.04M
Range $11.73M – $14.34M · ±10% · vs last sale $13.50M (Nov 16 2021)
Last sale anchor
$13.50M
Nov 16 2021
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
$270 / 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
$156,436
Tax year 2023
Assessed value
$13,317,120
Assessed 2024
Previous assessed
$13,056,000
+2.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,128,834
Assessed improvement
$12,188,286
Applied tax rate
7.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2006
Construction
WOOD FRAME
Heating
NONE
Stories
3
Units
94
Total area
48,198 SF
Lot
1.99 ac (86,823 SF)
APN
0281-091-49-0000
UPID
US10-1021267
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
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$16.0M
OFFICE BUILDING
Est. value
$21.0M
RESTAURANT
Est. value
$19.7M
MEDICAL BUILDING
Est. value
$13.9M
COMMERCIAL (GENERAL)
Est. value
$13.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.0M
HOTEL/MOTEL Current
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Construction
WOOD FRAME
Heating
NONE
Stories
3
Units
94
Lot
1.99 ac
Current owner
From public records · entity-resolved
Eh Hospitality LLC
Entity
Mailing address
1050 20TH ST STE #275, SACRAMENTO, CA 95811-3157
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2023
—
Eh Hospitality LLC
—
Deed
related
$4,957,000 · The Mortgage Capital Development Corp
Nov 16, 2021
$13,500,000
Eh Hospitality LLC
Midwest Heritage Inn Of Sna Bernard
Grant Deed
$4,825,325 · Sunwest Bank
May 9, 2005
—
Midwest Heritage Inn Of San Berna
—
Trustees Deed
related
$4,520,000 · First National Bank Arizona
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.
Try Rey
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