Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1500 Crafton Ave, Unit 128 Redlands, CA 92359
    Back to Search
    Property profile & analytics

    1500 Crafton Ave, Unit 128, Redlands, CA 92359

    View on Map
    • Flex space
    • 7,200 SF
    • 61.63 lot acres
    For Sale
    $795,000
    View Listing →
    Redlands Warehouse with Loading Doors For Sale
    $795,000
    14,500 SF

    Redlands Warehouse with Loading Doors

    Freestanding building with multiple loading doors in Seven W Business Park.

    1500 Crafton Ave, Bldg 128, Redlands, CA
    View Listing
    Property ID
    US10-0609228
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    7.8%
    Flex space
    Location Intelligence

    Current Use by Public Records

    • Shutters To Go / (Bike/Boat/Book/etc) Store / Home Decor Store

    Property Details for 1500 Crafton Ave

    Year built
    1990
    Construction
    STEEL FRAME
    Lot size
    61.63 lot acres
    Property type
    Flex space
    APN
    0168-371-09-0000
    APU
    168371090000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 15, 2025 — Palm Run LLC — Deed · related $31M · Fairview Investment Fund Vii LP
    Jul 10, 2023 — Palm Run LLC — Deed · related $19M · Sbn Viii Redlands LLC
    Sep 17, 2021 — Palm Run LLC — Deed · related $4.5M · Rockford Opportunity Fund I Spe I LLC
    Feb 19, 2021 — Palm Run LLC Seven W Enterprises INC Grant Deed $9.5M · Archway Real Estate Income Fund I S

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $760,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $985,000
      6.5%
      $910,000
      7%
      $845,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $715,000
      Market price range: $246k - $715k

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Redlands
    County
    San Bernardino
    State
    California
    Longitude
    -117.118
    Latitude
    34.0752
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $70,319
    $870,860
    $5,094,046
    $5,964,906
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $10,265,000
      82,501 SF

      1351 Park Ave

      LIGHT INDUSTRIAL
      1351 Park Ave, Redlands, CA 92373-8179
      View Details
    • Value Estimation
      $18,370,000
      193,469 SF

      301 10th St

      LIGHT INDUSTRIAL
      301 10th St, Redlands, CA 92373-8125
      View Details
    • Value Estimation
      $735,000
      6,163 SF

      410 Missouri Ct

      LIGHT INDUSTRIAL
      410 Missouri Ct, Redlands, CA 92373-8083
      View Details
    • Value Estimation
      $540,000
      6,243 SF

      415 Missouri Ct

      LIGHT INDUSTRIAL
      415 Missouri Ct, Redlands, CA 92373-8083
      View Details
    • Value Estimation
      $845,000
      8,150 SF

      505 New Jersey St

      LIGHT INDUSTRIAL
      505 New Jersey St, Redlands, CA 92373-6248
      View Details
    • Value Estimation
      $6,070,000
      21,201 SF

      1939 Park Ave

      LIGHT INDUSTRIAL
      1939 Park Ave, Redlands, CA 92373-8045
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,792 SF

      Flex Office Warehouse Suites

      Versatile flex suites offer office-ready layouts, HVAC, and strong freeway access for a wide range of business uses.
      560-590 Nevada St, Redlands, CA 92373
      View Details
    • Contact for pricing

      Redlands Industrial Complex Units

      Industrial units with office space and freeway access.
      560-590 Nevada St, Redlands, CA 92373
      View Details
    • Contact for pricing
      363,039 SF

      Yucaipa Industrial Building For Sale

      363,039 SF industrial building with dock doors and parking.
      33800 County Line Ln, Yucaipa, CA 92373
      View Details
    • Contact for pricing
      73,729 SF

      Redlands Industrial Building For Lease

      73,729 SF industrial building featuring truck court and loading docks.
      509 Alabama St, Redlands, CA 92373
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,336 SF

      Redlands Warehouse with Climate Control

      Warehouse with climate-controlled offices, ground-level loading, near freeways.
      721 Nevada St, Redlands, CA 92373
      View Details
    • Contact for pricing
      15,900 SF

      Redlands Flex Space Available

      Flex space available for rent in Redlands, California.
      450 Kansas St, Redlands, CA 92373
      View Details
    • Contact for pricing
      14,451 SF

      Freestanding Building for Lease

      14,451 SF freestanding building available for lease.
      410 Business Center Ct, Redlands, CA 92373
      View Details
    • Contact for pricing

      Redlands Manufacturing/Industrial Space Available

      Manufacturing/Industrial property available for rent in Redlands, California.
      301 Tennessee St, Redlands, CA 92373
      View Details
    • Contact for pricing
      193,469 SF

      Industrial Space in Redlands, CA

      Planned 193,469 SF industrial space with office.
      301 Tennessee St, Redlands, CA 92373
      View Details
    • Contact for pricing
      8,820 SF

      Free Standing Industrial Building

      Industrial building featuring offices, secured yard, and grade-level doors.
      517 Nevada St, Redlands, CA 92373
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1500 Crafton Ave, Unit 128
    Redlands, CA 92359
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1500 Crafton Ave, Redlands, CA, 92359
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!