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Property profile & analytics
OFF-MARKET
Estimated value
$2,015,000
Drug stores
1236 Waterman Ave, San Bernardino, CA 92404-5311
Trust Owned
18-yr Hold
Free & Clear
Property ID
US10-1745112
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2007
Construction
WOOD FRAME
Total area
12,719 SF
Lot
1.01 ac (43,996 SF)
APN
0146-243-35-0000
UPID
US10-1745112
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
-
William P. Nguyen, Pharm Pharmacy
-
Jonathan B. Aguilo, PharmD Pharmacy
-
Walgreens Pharmacy Pharmacy
-
COVID-19 Drive-Thru Testing at Walgreens Pharmacy
-
FedEx OnSite Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.65M
Comparable Approach
Comparable
$1.61M
Blend (final)
Blend
$2.02M
Owner & transaction history
Bollay William & J M Trust · 18 yrs held
Bollay William & J M Trust
since 2008
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.6M
+26.1%
Warehouse, storage
$2.3M
+15.6%
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%
$2,865,000
6.5%
$2,645,000
7%
$2,455,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,025,000
Current use
AUTO REPAIR, GARAGE
$2,550,000
Change: +26% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,340,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$2.02M
Range $1.81M – $2.22M · ±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
$158 / 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
$81,808
Tax year 2023
Assessed value
$6,747,000
Assessed 2024
Previous assessed
$6,614,700
+2.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$665,900
Assessed improvement
$6,081,100
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2007
Construction
WOOD FRAME
Heating
NONE
Units
1
Rooms
5
Bathrooms
1
Total area
12,719 SF
Lot
1.01 ac (43,996 SF)
APN
0146-243-35-0000
UPID
US10-1745112
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
RETAIL STORES Current
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$2.6M
WAREHOUSE, STORAGE
Est. value
$2.3M
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
2007
Construction
WOOD FRAME
Heating
NONE
Units
1
Rooms
5
Bathrooms
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
Bollay William & J M Trust
Trust
Free & Clear · 18 yrs held
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2008
—
Bollay William & J M Trust
Phoenix Dfl I LLC
Grant Deed
—
Jan 8, 2008
—
Phoenix Dfl I LLC
Baseline Waterman Rx Corp
Grant Deed
$6,466,960 · West Coast Pizza Investors LLP
Oct 15, 2007
—
Baseline Waterman Rx Corp
Baseline Waterman Rx Corp
Quit Claim Deed
related
—
Mar 27, 2007
—
Baseline Waterman Rx Corp
Baseline Waterman Partners
Quit Claim Deed
related
$3,276,000 · Baseline Waterman Partners LP
Feb 21, 2006
—
Lakhbir K Sondh
Sondh,jaswinder S
Quit Claim Deed
related
—
Jan 24, 2005
$97,000
Lakhbir K Sondh
Salazar,gerardo & Leticia
Grant Deed
—
Nov 21, 2003
$28,000
Gerardo Salazar
Lopez,daniel C & Estela B
Grant Deed
—
Mar 12, 2003
$30,000
Daniel C Lopez
Peters,tr
Grant Deed
$15,000 · Peters Trust
Nov 28, 1990
—
Elizabeth J Tr 6-21-9 Peters
Unknown
Grant 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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