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Property profile & analytics
FOR LEASE
Flex space
1400 E Victoria Ave San Bernardino, CA 92408
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-1229173
For Lease
1 / 2
$23,855,000
1400 E Victoria Ave, San Bernardino, CA 92408
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1978
Construction
STEEL FRAME
Total area
228,509 SF
Lot
10 ac (435,600 SF)
APN
0281-101-06-0000
UPID
US10-1229173
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
by Request
CAP Approach
CAP
$33.17M
Comparable Approach
Comparable
$24.79M
Blend (final)
Blend
$23.86M
Owner & transaction history
1400 E Victoria Sb LLC · 10 yrs held
1400 E Victoria Sb LLC
since 2016
5 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 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%
$35,935,000
6.5%
$33,170,000
7%
$30,800,000
Blend value · Realmo final
$23.86M
Range $21.47M – $26.24M · ±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
$104 / 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
$136,521
Tax year 2024
Assessed value
$11,605,861
Assessed 2024
Previous assessed
$11,605,861
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$4,038,840
Assessed improvement
$7,567,021
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
1978
Construction
STEEL FRAME
Heating
NONE
Units
2
Total area
228,509 SF
Lot
10 ac (435,600 SF)
APN
0281-101-06-0000
UPID
US10-1229173
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
1978
Construction
STEEL FRAME
Heating
NONE
Units
2
Lot
10 ac
Current owner
From public records · entity-resolved
1400 E Victoria Sb LLC
Entity
Mailing address
22 JERICHO TPKE STE #200, MINEOLA, NY 11501-2949
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2016
$10,000,000
1400 E Victoria Sb LLC
Psip Magellan San Bernardino I LLC
Grant Deed
$7,500,000 · Mufg Union Bank NA
May 17, 2011
$5,700,000
Magellan San Bernardino I Psip
Calbldg
Grant Deed
—
May 24, 2006
—
Calbldg
1400 Victoria LLC
Grant Deed
$5,757,000 · Citizens Business Bank
May 16, 2000
—
1400 Victoria LLC
Foamex LP
Grant Deed
$4,995,000 · Chase Manhattan Bank
Dec 2, 1994
—
Foamex LP
—
Deed Of Trust
related
$150,000,000 · Shawmut Bank Connecticut
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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