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Property profile & analytics
OFF-MARKET
Estimated value
$4,015,000
Manufacturing properties
1194 Brier Dr, San Bernardino, CA 92408-2838
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US10-1210192
Property profile
Verified
Property type
Manufacturing properties
Use group
FOOD PROCESSING
Year built
1985
Construction
STEEL FRAME
Total area
26,912 SF
Lot
4.62 ac (201,247 SF)
APN
0281-311-24-0000
UPID
US10-1210192
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
-
Lucky Star Marketing LLC/Lucky Farms Advertising Agency Marketing & Advertising
-
Lucky Farm Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.91M
Comparable Approach
Comparable
$4.96M
Blend (final)
Blend
$4.02M
Owner & transaction history
Lin M L Liaou · 13 yrs held
Lin M L Liaou
since 2012
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.4M
+10.3%
Apartment house (5+ units)
$5.4M
+10.0%
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%
$4,230,000
6.5%
$3,905,000
7%
$3,625,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,895,000
Current use
AUTO REPAIR, GARAGE
$5,400,000
Change: +10% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,385,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$4.02M
Range $3.61M – $4.42M · ±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
$149 / 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
$32,114
Tax year 2024
Assessed value
$2,717,835
Assessed 2024
Previous assessed
$2,717,835
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$1,460,436
Assessed improvement
$1,257,399
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
Manufacturing properties
Use group
FOOD PROCESSING
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Rooms
6
Bathrooms
2
Total area
26,912 SF
Lot
4.62 ac (201,247 SF)
APN
0281-311-24-0000
UPID
US10-1210192
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
INDUSTRIAL (GENERAL) Current
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$5.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.4M
INDUSTRIAL (GENERAL) 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
1985
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Rooms
6
Bathrooms
2
Lot
4.62 ac
Current owner
From public records · entity-resolved
Lin M L Liaou
Individual
Mailing address
PO BOX 985, LOMA LINDA, CA 92354-0985
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2020
—
Wen Seng Liaou
—
Deed
related
$1,652,000 · Evertrust Bank
Jun 21, 2019
—
Wen S Liaou
—
Deed
related
$4,300,000 · Evertrust Bk
Jun 8, 2016
—
Wen S Liaou
—
Deed
related
$1,924,000 · Evertrust Bk
May 24, 2016
—
Wen Seng Liaou
—
Deed
related
$3,500,000 · Evertrust Bank
Dec 20, 2012
—
Lin M L Liaou
Laiou,weng S
Grant Deed
related
—
Dec 20, 2012
$500,000
Gary J Liaou
Liaou,lin M L
Grant Deed
related
—
Dec 7, 2012
$500,000
Lin M L Liaou
Liaou,chia P
Grant Deed
related
—
Mar 31, 1992
$444,500
Wen S Liaou
Mabie Trust
Grant Deed
$219,044 · Matthew A Crosby
—
—
Wen S Liaou
—
Loan Modification
related
$4,300,000 · Evertrust Bk
—
—
Wen S Liaou
—
Loan Modification
related
$1,924,000 · Evertrust Bk
—
—
Wen S Liaou
—
Deed Of Trust
related
$925,800 · Bank Of America
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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