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Property profile & analytics
OFF-MARKET
Estimated value
$149,400,000
Apartment buildings
1400 Barton Rd Redlands, CA 92373-5475
Entity Owned
4-yr Hold
Property ID
US10-1546864
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1986
Construction
WOOD FRAME
Total area
379,008 SF
Lot
25.98 ac (1,131,602 SF)
APN
0292-211-36-0000
UPID
US10-1546864
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
-
Luxe View Designs Interior Design Home Decor Store
-
Benchmark Yas High School
-
Apartment 15 Apartment Building
-
Redlands Lawn and Tennis Club Apartment Building Apartment Rental Agency
-
jeestudios.com Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$90.61M
Comparable Approach
Comparable
$133.22M
Blend (final)
Blend
$149.40M
Owner & transaction history
Redlands Tic Vi Owner LLC · 4 yrs held
Redlands Tic Vi Owner LLC
since 2021
Last sale
$165.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$178.1M
+120.5%
Office building
$164.8M
+104.0%
Commercial (general)
$120.7M
+49.4%
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
$193,185,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$98,155,000
6.5%
$90,605,000
7%
$84,135,000
Alternative Use
Use
Estimation
RESTAURANT
$178,140,000
Change: +121% · Conversion: Difficult
OFFICE BUILDING
$164,775,000
Change: +104% · Conversion: Moderate
COMMERCIAL (GENERAL)
$120,670,000
Change: +49% · Conversion: Moderate
AUTO REPAIR, GARAGE
$115,395,000
Change: +43% · Conversion: Difficult
MEDICAL BUILDING
$109,660,000
Change: +36% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$102,025,000
Change: +26% · Conversion: Difficult
WAREHOUSE, STORAGE
$96,600,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$149.40M
Range $134.46M – $164.34M · ±10% · vs last sale $165.00M (Sep 15 2021)
Last sale anchor
$165.00M
Sep 15 2021
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
$394 / 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
$2,028,956
Tax year 2023
Assessed value
$171,666,000
Assessed 2024
Previous assessed
$168,300,000
+2.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$35,321,580
Assessed improvement
$136,344,420
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1986
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
496
Rooms
7
Bathrooms
2
Total area
379,008 SF
Lot
25.98 ac (1,131,602 SF)
APN
0292-211-36-0000
UPID
US10-1546864
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
RESTAURANT
Est. value
$178.1M
OFFICE BUILDING
Est. value
$164.8M
COMMERCIAL (GENERAL)
Est. value
$120.7M
AUTO REPAIR, GARAGE
Est. value
$115.4M
MEDICAL BUILDING
Est. value
$109.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$102.0M
WAREHOUSE, STORAGE
Est. value
$96.6M
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1986
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
496
Rooms
7
Bathrooms
2
Lot
25.98 ac
Current owner
From public records · entity-resolved
Redlands Tic Vi Owner LLC
Entity
Mailing address
15 AMERICA AVE UNIT #301, LAKEWOOD, NJ 08701-4582
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2021
$165,000,000
Redlands Tic Vi Owner LLC
Bre Ca Redlands LLC
Grant Deed
$131,500,000 · Parlex 2a Finco LLC
Nov 15, 2016
$82,550,000
Bre Ca Redlands LLC
Roc II Ca Redlands LLC
Grant Deed
$55,425,000 · Deutsche Bk Tr 2015-kf09 (ce)
Jan 5, 2015
$70,000,000
Roc II Ca Redlands LLC
Np Redlands LLC
Grant Deed
$55,425,000 · Wells Fargo Bank NA
Jan 5, 2015
—
Np Red LLC
Np Redlands LLC
Quit Claim Deed
—
Dec 20, 2010
$60,214,000
Np Redlands LLC
Evans Withycombe Residl LP
Grant Deed
$41,475,000 · M & T Realty Capital Corp
May 14, 2009
—
Evans Withycombe Finance Ptshp
—
Deed Of Trust
related
$24,050,000 · Erp Operating LP
Jun 26, 1990
$5,325,000
L 496
Redlands 496 Joi
Grant Deed
related
$25,000,000 · Bank Of California
—
—
L 496
—
Deed Of Trust
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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