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Property profile & analytics
OFF-MARKET
Estimated value
$2,030,000
Medical Office Space
1449 Redlands Blvd Redlands, CA 92373-8021
Entity Owned
11-yr Hold
Free & Clear
Property ID
US10-1211656
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Construction
WOOD FRAME
Total area
10,835 SF
Lot
1.09 ac (47,480 SF)
APN
0292-182-33-0000
UPID
US10-1211656
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
-
Rai Care Center Indiana Court Redlands Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.38M
Comparable Approach
Comparable
$2.30M
Blend (final)
Blend
$2.03M
Owner & transaction history
Kaist Us Foundation INC · 11 yrs held
Kaist Us Foundation INC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.3M
+5.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,495,000
6.5%
$1,380,000
7%
$1,285,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,135,000
Current use
AUTO REPAIR, GARAGE
$3,300,000
Change: +5% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,915,000
Change: -7% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,760,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$2.03M
Range $1.83M – $2.23M · ±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
$187 / 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
$33,105
Tax year 2023
Assessed value
$2,800,000
Assessed 2024
Previous assessed
$2,755,300
+1.6% YoY
Effective rate
1.18%
On assessed value
Assessed land
$700,000
Assessed improvement
$2,100,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2003
Construction
WOOD FRAME
Heating
NONE
Stories
1
Units
1
Total area
10,835 SF
Lot
1.09 ac (47,480 SF)
APN
0292-182-33-0000
UPID
US10-1211656
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
MEDICAL BUILDING Current
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
WAREHOUSE, STORAGE
Est. value
$2.8M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
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
2003
Construction
WOOD FRAME
Heating
NONE
Stories
1
Units
1
Lot
1.09 ac
Current owner
From public records · entity-resolved
Kaist Us Foundation INC
Entity
Free & Clear · 11 yrs held
Mailing address
3435 WILSHIRE BLVD STE #2240, LOS ANGELES, CA 90010-2008
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2014
—
Kaist Us Foundation INC
Lee Soo Y 2010 Trust
Quit Claim Deed
—
Jan 6, 2011
—
Lee Soo Y Trust
Lee,soo Y
Quit Claim Deed
related
—
Jul 5, 2007
—
Soo Young Lee
Mclean Investments Co LLC
Grant Deed
$900,000 · Shinhan Bank America
Sep 15, 2004
—
Mclean Investments Co LLC
Redlands Imperial LLC
Grant Deed
$2,400,000 · Arrowhead Central Cu
Sep 14, 2004
$210,000
Des Jardins Tuttle INC
Redlands Imperial LLC
Grant Deed
—
Jun 12, 2002
—
Redlands Imperial LLC
—
Trustees Deed
related
$1,800,940 · Valley Independent Bank
Feb 13, 2002
$500,000
Redlands Imperial LLC
Yafai,abdul J
Grant Deed
—
Jun 21, 1996
—
Abdul J Yafai
Yafai,annmarie Etal
Quit Claim Deed
related
—
Sep 22, 1995
—
Yafai Aida Z
—
Deed Of Trust
related
—
—
—
Abdul N Yafai Estate
—
Deed Of Trust
related
$8,338 · Individual
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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