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Property profile & analytics
OFF-MARKET
Estimated value
$13,350,000
Flex space
1255 Research Dr Redlands, CA 92374-4541
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0875423
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
114,430 SF
Lot
6.15 ac (267,894 SF)
APN
0292-032-39-0000
UPID
US10-0875423
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
-
Garner Holt Productions, Inc. Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.70M
CAP Approach
CAP
$14.46M
Comparable Approach
Comparable
$14.32M
Blend (final)
Blend
$13.35M
Owner & transaction history
Exeter 1255 Research L P · 5 yrs held
Exeter 1255 Research L P
since 2021
Last sale
$10.5M
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
$17,635,000
ML approach
$12,700,000
CAP Approach
CAP Return
Estimation
6%
$15,660,000
6.5%
$14,455,000
7%
$13,425,000
Blend value · Realmo final
$13.35M
Range $12.02M – $14.69M · ±10% · vs last sale $10.50M (Mar 2 2020)
Last sale anchor
$10.50M
Mar 2 2020
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
$117 / 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
$229,788
Tax year 2024
Assessed value
$19,499,697
Assessed 2024
Previous assessed
$19,499,697
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$4,244,832
Assessed improvement
$15,254,865
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Total area
114,430 SF
Lot
6.15 ac (267,894 SF)
APN
0292-032-39-0000
UPID
US10-0875423
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
Building & site characteristics
From public records
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Lot
6.15 ac
Current owner
From public records · entity-resolved
Exeter 1255 Research L P
Individual
Mailing address
100 W MATSONFORD RD #250, RADNOR, PA 19087-4558
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2023
—
Exeter 1255 Research LP
—
Deed
related
$116,400,000 · Pgim Real Estate Finance LLC
Apr 22, 2021
—
Exeter 1255 Research LP
—
Deed
related
$116,400,000 · Pgim Real Estate Finance LLC
Apr 8, 2021
$18,375,000
Exeter 1255 Research L P
Garner Holt Industries LLC
Grant Deed
—
Mar 5, 2020
—
Garner Holt Industries LLC
—
Deed
related
$5,839,000 · Bbva USA
Mar 2, 2020
$10,500,000
Garner Holt Industries LLC
Stockbridge 1251 Research Drive LLC
Grant Deed
$5,839,000 · Bbva USA
Aug 29, 2014
$9,700,000
1251 Stockbridge Research
Mswp Redlands LLC
Grant Deed
—
Jun 26, 2012
$20,131,000
Mswp Redlands LLC
Mef Realty LLC
Grant Deed
$189,600,000 · Deutsche Bank Trust Co Americas
Aug 16, 2007
—
Mef Realty LLC
Redlands Corporate Ctr III LLC
Grant Deed
—
Mar 3, 2006
$6,600,000
Redlands Corporate Center III LLC
Captive Realty Co Of California
Grant Deed
$4,650,000 · Genworth Life & Annuity Insurance C
Dec 6, 2005
$1,140,000
Captive Realty Co Of California
Lincoln Mold & Die Corp
Grant Deed
—
—
—
Lincoln Mold & Die Corp
—
Deed Of Trust
related
$1,310,000 · Wachovia Bank NA
—
—
Captive Realty Co Of California
—
Deed Of Trust
related
$1,310,000 · Wachovia Bank NA
—
—
Mold Lincoln
—
Deed Of Trust
related
$7,556 · Mellon Bank
—
—
Garner Holt Industries LLC
—
Deed Of Trust
related
$5,839,000 · Bbva USA
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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