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Property profile & analytics
OFF-MARKET
Estimated value
$7,090,000
Warehouses
12250 Ridgecrest Rd Victorville, CA 92395-7781
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-1380087
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
65,699 SF
Lot
4.2 ac (182,952 SF)
APN
3091-281-08-0000
UPID
US10-1380087
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
-
Extra Space Storage Storage Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.33M
CAP Approach
CAP
$8.73M
Comparable Approach
Comparable
$9.20M
Blend (final)
Blend
$7.09M
Owner & transaction history
Mhc 254 LLC · 2 yrs held
Mhc 254 LLC
since 2023
Last sale
$6.0M
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 Victorville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Victorville 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
$7,285,000
ML approach
$7,330,000
CAP Approach
CAP Return
Estimation
6%
$9,460,000
6.5%
$8,730,000
7%
$8,110,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,440,000
Current use
Blend value · Realmo final
$7.09M
Range $6.38M – $7.80M · ±10% · vs last sale $5.95M (Aug 8 2023)
Last sale anchor
$5.95M
Aug 8 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
$108 / 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
$71,580
Tax year 2024
Assessed value
$5,950,000
Assessed 2024
Previous assessed
$5,950,000
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,460,000
Assessed improvement
$4,490,000
Applied tax rate
12.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
493
Total area
65,699 SF
Lot
4.2 ac (182,952 SF)
APN
3091-281-08-0000
UPID
US10-1380087
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
$7.4M
WAREHOUSE, STORAGE Current
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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
493
Lot
4.2 ac
Current owner
From public records · entity-resolved
Mhc 254 LLC
Entity
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2023
—
Mhc 254 LLC
—
Deed
related
$61,050,000 · American General Life Insurance Co
Aug 8, 2023
$5,950,000
Mhc 254 LLC
Jasuco LLC
Grant Deed
—
Oct 4, 2022
—
Jasuco LLC
—
Deed
related
$3,750,000 · Symetra Life Insurance Co
Aug 26, 2013
—
Jasuco LLC
Doumerc-contreras Family Trust
Quit Claim Deed
—
May 10, 2013
$3,333,000
Jaime Contreras
M Kenneth Mudge
Grant Deed
$1,750,000 · Seattle Funding Group Of California
Aug 19, 2010
—
Mudge Trust
Mudge Trust
Quit Claim Deed
related
—
Oct 13, 2004
—
Anber Investments LLC
Mudge Trust
Quit Claim Deed
related
—
Feb 13, 2004
—
Madge,tr
—
Trustees Deed
related
$2,751,000 · Sun Country Bank
Dec 10, 2003
$915,000
Mudge,tr
South Victorville Investors Ll
Grant Deed
$300,000 · South Victorville Investors Ll
Oct 14, 2003
—
Victorville Investors Ll South
Victorville Self-storage LLC
Quit Claim Deed
related
$525,000 · First National Bank
Aug 29, 2002
$815,000
Victorville Self-storage LLC
Ross,tr
Grant Deed
$515,000 · Ross Trust
Jul 16, 1992
$1,814,000
Sumitomo Bank Cal
Obser Inv Co
Trustees Deed
related
—
—
—
Mudge Trust
—
Deed Of Trust
related
$2,337,000 · American Security 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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