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Property profile & analytics
OFF-MARKET
Estimated value
$3,330,000
Flex space
10774 Primrose Rd Adelanto, CA 92301-3436
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-0665952
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1996
Construction
STEEL FRAME
Total area
25,000 SF
Lot
2.28 ac (99,316 SF)
APN
3128-091-15-0000
UPID
US10-0665952
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
$3.79M
CAP Approach
CAP
$3.16M
Comparable Approach
Comparable
$4.58M
Blend (final)
Blend
$3.33M
Owner & transaction history
Merit Aluminum INC · 6 yrs held
Merit Aluminum INC
since 2020
Last sale
$2.3M
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
Method
Estimation
Statistic approach
$3,865,000
ML approach
$3,785,000
CAP Approach
CAP Return
Estimation
6%
$3,420,000
6.5%
$3,160,000
7%
$2,935,000
Blend value · Realmo final
$3.33M
Range $3.00M – $3.66M · ±10% · vs last sale $2.30M (Feb 6 2020)
Last sale anchor
$2.30M
Feb 6 2020
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
$133 / 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
$28,614
Tax year 2024
Assessed value
$2,466,064
Assessed 2024
Previous assessed
$2,466,064
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$964,981
Assessed improvement
$1,501,083
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
1996
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Units
1
Total area
25,000 SF
Lot
2.28 ac (99,316 SF)
APN
3128-091-15-0000
UPID
US10-0665952
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
1996
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Units
1
Lot
2.28 ac
Current owner
From public records · entity-resolved
Merit Aluminum INC
Entity
Free & Clear · 6 yrs held
Mailing address
2480 RAILROAD ST, VIDAL, CA 92280
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Feb 6, 2020
—
Merit Aluminum INC
Merit Aluminum INC
Quit Claim Deed
related
—
Jan 31, 2020
$2,300,000
Merit Aluminum Corp
Hidalco LLC
Grant Deed
—
Jan 5, 2005
$128,000
Hidalco LLC
Gemini Aluminum Corp
Grant Deed
—
Dec 23, 2004
—
Gemini Aluminum Corp
Sarco LLC
Grant Deed
related
—
Apr 5, 2001
$1,200,000
Scarco LLC
Herndon,ronnie & Linda
Grant Deed
$1,120,000 · Ronnie & Linda
Jun 7, 1996
—
Ronnie Etux Herndon
Herndon,vera J Etal
Quit Claim Deed
related
—
Jul 22, 1994
—
Ronnie Etal Herndon
Herndon,vera J
Quit Claim Deed
related
—
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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