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Property profile & analytics
OFF-MARKET
Estimated value
$4,260,000
Strip malls
1042 Mtn Ave Upland, CA 91786-3695
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US10-0970511
Property summary
AI-generated overview
This exceptional retail space, located at 1042 N Mountain Ave #C in Upland, California (zip code 91786), offers 1,500 square feet of immediately available space within a larger 9,437 square foot shopping center. Situated on a 1.2-acre lot in San Bernardino County's Upland submarket, this property benefits from its prominent four-street corner location, ensuring high visibility and significant foot traffic. Built in 1997, the building is zoned for a variety of business types, providing flexibility for potential tenants. The minimum divisible space is 1,500 square feet, making it ideal for a range of retail operations. The property's location within the "LARGE MARKET" submarket cluster of Upland indicates strong potential for customer reach and business growth. This is a prime opportunity for businesses seeking a high-traffic location with excellent visibility in a thriving commercial area. The property's convenient location and versatile zoning make it an attractive option for a variety of retail uses.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1997
Construction
WOOD FRAME
Total area
9,313 SF
Lot
0.49 ac (21,344 SF)
APN
1006-491-20-0000
UPID
US10-0970511
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
-
DW Landscape, Inc. Landscaping General Contractor
-
Cal-State Plumbing Plumbing Service General Contractor
-
Voice Communications Inc Telecommunications Service Mobile Phone Store
-
Safety Management Facility Patrol Security Service
-
Mountain View Dental Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.46M
Blend (final)
Blend
$4.26M
Owner & transaction history
Jk Upland LLC · 5 yrs held
Jk Upland LLC
since 2021
Last sale
$3.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.3M
+109.9%
Restaurant
$4.4M
+74.6%
Office building
$4.1M
+61.5%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,260,000
Change: +110% · Conversion: Easy
RESTAURANT
$4,375,000
Change: +75% · Conversion: Difficult
OFFICE BUILDING
$4,050,000
Change: +62% · Conversion: Moderate
WAREHOUSE, STORAGE
$3,915,000
Change: +56% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,725,000
Change: +49% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,835,000
Change: +13% · Conversion: Difficult
MEDICAL BUILDING
$2,695,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$4.26M
Range $3.83M – $4.69M · ±10% · vs last sale $3.90M (May 7 2021)
Last sale anchor
$3.90M
May 7 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
$457 / 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
$43,427
Tax year 2023
Assessed value
$4,138,711
Assessed 2024
Previous assessed
$4,057,560
+2.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$456,319
Assessed improvement
$3,682,392
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 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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1997
Construction
WOOD FRAME
Heating
NONE
Stories
1
Units
5
Total area
9,313 SF
Lot
0.49 ac (21,344 SF)
APN
1006-491-20-0000
UPID
US10-0970511
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
COMMERCIAL (GENERAL)
Est. value
$5.3M
RESTAURANT
Est. value
$4.4M
OFFICE BUILDING
Est. value
$4.1M
WAREHOUSE, STORAGE
Est. value
$3.9M
INDUSTRIAL (GENERAL)
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.7M
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1997
Construction
WOOD FRAME
Heating
NONE
Stories
1
Units
5
Lot
0.49 ac
Current owner
From public records · entity-resolved
Jk Upland LLC
Entity
Mailing address
4232 W 172ND ST, TORRANCE, CA 90504-1004
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2021
—
Jk Upland LLC
Jp Normandie Enterprise LLC
Intrafamily Transfer
related
—
Jun 30, 2016
$3,900,000
Jp Normandie Ent LLC
Cme Mountain Avenue LLC
Grant Deed
—
Dec 28, 2012
—
Cme Mountain Avenue LLC
Ceeme-upland LLC
Grant Deed
—
Jul 13, 2006
—
Ceeme Upland LLC
Norma A Manley
Grant Deed
$1,175,000 · Washington Mutual Bank
Apr 1, 2002
—
Manley Trust
Manley Trust
Quit Claim Deed
related
$1,540,000 · La Jolla Savings Bank
—
—
Manley Trust
—
Deed Of Trust
related
$1,400,000 · Pacific Crest Bank
—
—
Manley James M SR Trust
—
Deed Of Trust
related
$1,690,000 · La Jolla 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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