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Property profile & analytics
FOR LEASE
Flex space
140 S 3Rd Ave Upland, CA 91786
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-1156355
For Lease
1 / 2
$5,135,000
140 S 3Rd Ave, Upland, CA 91786
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1949
Construction
STEEL FRAME
Total area
9,600 SF
Lot
0.64 ac (28,000 SF)
APN
1046-604-07-0000
UPID
US10-1156355
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.54M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.14M
Owner & transaction history
Snow Cat LLC · 2 yrs held
Snow Cat LLC
since 2023
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.4M
+41.2%
Restaurant
$4.5M
+17.5%
Office building
$4.2M
+8.7%
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 Upland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Upland 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
$5,110,000
ML approach
$5,535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,840,000
Current use
COMMERCIAL (GENERAL)
$5,425,000
Change: +41% · Conversion: Difficult
RESTAURANT
$4,510,000
Change: +17% · Conversion: Difficult
OFFICE BUILDING
$4,175,000
Change: +9% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,035,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$5.14M
Range $4.62M – $5.65M · ±10% · vs last sale $4.95M (Aug 10 2023)
Last sale anchor
$4.95M
Aug 10 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
$535 / 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
$10,342
Tax year 2024
Assessed value
$928,000
Assessed 2024
Previous assessed
$928,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$728,000
Assessed improvement
$200,000
Applied tax rate
8.0000
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
For Lease
Year built
1949
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Total area
9,600 SF
Lot
0.64 ac (28,000 SF)
APN
1046-604-07-0000
UPID
US10-1156355
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
$3.8M
COMMERCIAL (GENERAL)
Est. value
$5.4M
RESTAURANT
Est. value
$4.5M
OFFICE BUILDING
Est. value
$4.2M
WAREHOUSE, STORAGE
Est. value
$4.0M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
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
1949
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
Snow Cat LLC
Entity
Mailing address
390 RICHEY CIR APT #212, CORONA, CA 92879-6191
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2023
$4,950,000
Snow Cat LLC
Chang Hu Group INC
Grant Deed
—
Mar 17, 2021
$5,200,000
Chang Hu Group INC
K Properties LLC
Grant Deed
$4,100,000 · K Properties LLC
Jun 10, 2008
—
K Properties LLC
Kimble Family Trust
Grant Deed
—
Apr 8, 2008
$2,467,000
Kimble Family Trust
Taunton Trust
Grant Deed
—
Mar 20, 2008
—
Kimble Family Trust
Kpt Properties LLC
Grant Deed
—
Apr 8, 1996
—
David B Etal Heyler
Heyler,david B Etal
Quit Claim Deed
related
—
Jan 25, 1993
—
David B Heyler
—
Deed Of Trust
related
—
—
—
Kpt Properties
—
Deed Of Trust
related
$1,333,211 · George B Taunton
—
—
Kpt Properties
—
Deed Of Trust
related
$1,250,000 · William F Kimble
—
—
Kpt Properties
—
Deed Of Trust
related
$1,250,000 · George B Taunton
—
—
Kpt Properties
—
Deed Of Trust
related
$1,250,000 · Jonathan Pollock
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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