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Property profile & analytics
OFF-MARKET
Estimated value
$51,180,000
Distribution centers
1089 Ml St San Bernardino, CA 92408-1600
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-1068564
Property summary
AI-generated overview
This exceptional 404,725-square-foot warehouse, located at 1089 E Mill St in San Bernardino, CA 92408, presents a significant opportunity for businesses seeking expansive industrial space. Built in 2006, the single-story building sits on a substantial 840,272-square-foot lot, offering ample room for expansion or outdoor storage. The warehouse boasts a generous 30-foot ceiling height, providing significant vertical storage capacity. Loading and unloading are facilitated by 102 dock-high doors, ensuring efficient operations. The property includes 116 parking spaces for employees and visitors. Power is supplied by one (1) 2,000 AMPS 277/480 V panel. The entire 404,725 square feet is currently vacant, making it perfect for a single tenant seeking a large, modern facility. Situated in San Bernardino County, this warehouse offers excellent access to major transportation routes, making it strategically advantageous for distribution and logistics companies. This property is ready for immediate occupancy.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
404,725 SF
Lot
19.29 ac (840,272 SF)
APN
0136-351-16-0000
UPID
US10-1068564
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
-
Cooper Tire San Bernardino (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$69.23M
Comparable Approach
Comparable
$35.17M
Blend (final)
Blend
$51.18M
Owner & transaction history
Havelock Logistics West 3 Assets Ll · 1 yrs held
Havelock Logistics West 3 Assets Ll
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$81.2M
+9.3%
Apartment house (5+ units)
$81.0M
+9.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$75,000,000
6.5%
$69,230,000
7%
$64,285,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$74,275,000
Current use
AUTO REPAIR, GARAGE
$81,180,000
Change: +9% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$80,980,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$51.18M
Range $46.06M – $56.30M · ±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
$126 / 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
$624,968
Tax year 2024
Assessed value
$50,198,358
Assessed 2024
Previous assessed
$50,198,358
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$14,947,955
Assessed improvement
$35,250,403
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Total area
404,725 SF
Lot
19.29 ac (840,272 SF)
APN
0136-351-16-0000
UPID
US10-1068564
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
WAREHOUSE, STORAGE Current
Est. value
$74.3M
AUTO REPAIR, GARAGE
Est. value
$81.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$81.0M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Lot
19.29 ac
Current owner
From public records · entity-resolved
Havelock Logistics West 3 Assets Ll
Individual
Mailing address
251 LITTLE FLS DR, WILMINGTON, DE 19808-1674
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Dec 4, 2024
—
Havelock Logistics West 3 Assets Ll
Finlayson Logistics Assets LLC
Grant Deed
—
Apr 1, 2024
—
Finlayson Logistics Assets LLC
—
Deed
related
—
Mar 20, 2019
—
Finlayson Logistics Assets LLC
—
Grant Deed
related
$440,200,000 · Miscellaneous Ins Co
Apr 27, 2018
$45,000,000
Finlayson Logistics Assets LLC
Exeter 1089 East Mill LLC
Grant Deed
—
Oct 5, 2015
$33,100,000
Exeter 1089 East Mill LLC
Medline Inds INC
Grant Deed
—
Nov 6, 2006
—
Medline Industries INC
Hsb Gateway 2
Grant Deed
—
Mar 17, 2006
—
Gateway No 2 Hsb
—
Grant Deed
related
$15,384,284 · Wells Fargo 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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