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Property profile & analytics
OFF-MARKET
Estimated value
$1,255,000
Office Spaces
1200 Nevada St Redlands, CA 92374-4507
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US10-1545216
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1984
Construction
WOOD FRAME
Total area
6,460 SF
Lot
0.47 ac (20,500 SF)
APN
0292-341-07-0000
UPID
US10-1545216
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
-
Farmers Insurance - Netcy Garcia Insurance Agency
-
Fredericks Benefits Insurance Agency
-
James Gass, Attorney at Law Law Firm
-
Elisabeth Kempe-Olinger Law: Hutton Lawrence A Law Firm
-
Covered California Certified Agent - Robert Fredericks Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.52M
CAP Approach
CAP
$805k
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.26M
Owner & transaction history
1200 Nevada LLC · 2 yrs held
1200 Nevada LLC
since 2023
Last sale
$1.3M
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 Redlands submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redlands 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
$1,485,000
ML approach
$1,515,000
CAP Approach
CAP Return
Estimation
6%
$875,000
6.5%
$805,000
7%
$750,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,055,000
Current use
AUTO REPAIR, GARAGE
$1,965,000
Change: -4% · Conversion: Difficult
MEDICAL BUILDING
$1,870,000
Change: -9% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,740,000
Change: -15% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,645,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.26M
Range $1.13M – $1.38M · ±10% · vs last sale $1.25M (Dec 20 2023)
Last sale anchor
$1.25M
Dec 20 2023
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
$194 / 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
$10,772
Tax year 2023
Assessed value
$1,250,000
Assessed 2024
Previous assessed
$892,536
+40.1% YoY
Effective rate
0.86%
On assessed value
Assessed land
$315,000
Assessed improvement
$935,000
Applied tax rate
5.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1984
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
8
Total area
6,460 SF
Lot
0.47 ac (20,500 SF)
APN
0292-341-07-0000
UPID
US10-1545216
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) Current
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.6M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1984
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
8
Lot
0.47 ac
Current owner
From public records · entity-resolved
1200 Nevada LLC
Entity
Mailing address
15575 RUSSELL AVE, RIVERSIDE, CA 92508-8985
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2023
$1,250,000
1200 Nevada LLC
Donald G Wade
Grant Deed
$625,000 · Bank Of America NA
Dec 20, 2023
—
1200 Nevada LLC
—
Deed
related
$516,000 · California Statewide Certifield Developm
Jul 22, 2013
$757,500
Donald G Wade
Dierking,rodney L & Kathy
Grant Deed
—
Jun 20, 2008
$1,000,000
Rodney L Dierking
Money Machine LLC
Grant Deed
—
Jun 2, 2008
—
Money Machine LLC
Lindsey,william R & Barbara L
Grant Deed
—
Nov 22, 1995
$467,500
William Lindsey
Carpenter,mark J & Barbara C
Grant Deed
$421,000 · Bank Of Commerce
—
—
William R Lindsey
—
Deed Of Trust
related
$105,000 · Redlands Centennial Bank
—
—
William R Lindsey
—
Deed Of Trust
related
$420,000 · Zions First National 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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