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Property profile & analytics
OFF-MARKET
Estimated value
$1,545,000
Flex space
1420 Richardson St San Bernardino, CA 92408-2962
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-1463019
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,010 SF
Lot
0.5 ac (21,956 SF)
APN
0281-101-23-0000
UPID
US10-1463019
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
-
ArmorLok Big Box & Wholesale Store Construction Company
-
Nitro Distributing Inc Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.66M
CAP Approach
CAP
$1.46M
Comparable Approach
Comparable
$1.86M
Blend (final)
Blend
$1.55M
Owner & transaction history
Bh Richardson LLC · 4 yrs held
Bh Richardson LLC
since 2021
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.0M
+10.3%
Apartment house (5+ units)
$2.0M
+10.0%
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
$1,585,000
ML approach
$1,655,000
CAP Approach
CAP Return
Estimation
6%
$1,575,000
6.5%
$1,455,000
7%
$1,350,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,820,000
Current use
AUTO REPAIR, GARAGE
$2,010,000
Change: +10% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,005,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$1.55M
Range $1.39M – $1.70M · ±10% · vs last sale $1.52M (Dec 3 2021)
Last sale anchor
$1.52M
Dec 3 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
$154 / 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
$18,789
Tax year 2024
Assessed value
$1,583,489
Assessed 2024
Previous assessed
$1,583,489
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$572,220
Assessed improvement
$1,011,269
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
Off-Market
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Units
1
Total area
10,010 SF
Lot
0.5 ac (21,956 SF)
APN
0281-101-23-0000
UPID
US10-1463019
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
$1.8M
AUTO REPAIR, GARAGE
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Units
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Bh Richardson LLC
Entity
Mailing address
334 S MAIN ST STE #9109, LOS ANGELES, CA 90013-1359
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2025
—
Bh Richardson LLC
—
Deed
related
$790,000 · First Ic Bank
Dec 3, 2021
$1,522,000
Bh Richardson LLC
S & T Real Estate Investment LLC
Grant Deed
$850,000 · New Omni Bank NA
Jan 4, 2021
—
S & T Real Estate Investment LLC
—
Deed
related
$509,500 · All America Bank
Feb 7, 2018
$1,077,000
S & T Real Estate Investment LLC
Edward P Marquez
Grant Deed
$969,000 · East West Bank
Oct 25, 2002
$475,000
Edward P Marquez
Iacobucci,tr
Grant Deed
—
Feb 2, 1999
—
Fred Iacobucci
—
Deed Of Trust
related
—
Nov 19, 1997
$295,000
Frederick J Iacobucci
Victoria Group
Grant Deed
$291,600 · Fallbrook National Bank
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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