Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,055,000
Strip malls
1631 Highland Ave San Bernardino, CA 92404-4654
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US10-0977493
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
TILT-UP CONCRETE
Total area
27,627 SF
Lot
4.52 ac (196,891 SF)
APN
0273-371-24-0000
UPID
US10-0977493
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
-
Proclub Wholesale Factory Textile Manufacturer
-
US Navy Recruiting Station San Bernardino Military Recruiting Office
-
U.S.Marine Corps Recruiting Station San Bernardino Military Recruiting Office
-
Highland Plaza Business Service Center Corporate Office
-
Hermosa Nails & Spa Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.85M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.06M
Owner & transaction history
Hm Suns Investment INC · 11 yrs held
Hm Suns Investment INC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.3M
+11.9%
Medical building
$8.0M
+7.5%
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%
$7,415,000
6.5%
$6,845,000
7%
$6,355,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$7,435,000
Current use
COMMERCIAL (GENERAL)
$8,320,000
Change: +12% · Conversion: Easy
MEDICAL BUILDING
$7,995,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$6.06M
Range $5.45M – $6.66M · ±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
$219 / 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
$120,061
Tax year 2023
Assessed value
$8,247,996
Assessed 2024
Previous assessed
$8,086,270
+2.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$1,885,257
Assessed improvement
$6,362,739
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
4
Units
8
Rooms
5
Bathrooms
2
Total area
27,627 SF
Lot
4.52 ac (196,891 SF)
APN
0273-371-24-0000
UPID
US10-0977493
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$7.4M
COMMERCIAL (GENERAL)
Est. value
$8.3M
MEDICAL BUILDING
Est. value
$8.0M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
4
Units
8
Rooms
5
Bathrooms
2
Lot
4.52 ac
Current owner
From public records · entity-resolved
Hm Suns Investment INC
Entity
Mailing address
6281 BCH BLVD STE #222, BUENA PARK, CA 90621-4242
Ownership since
2015
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
May 6, 2015
$7,380,000
Hm Suns Investment INC
Shiekh S Ellahi
Grant Deed
$4,340,000 · Woori America Bank
Jun 29, 2012
$6,500,000
Shiekh S Ellahi
Ledasor Partners LLC
Grant Deed
$4,550,000 · Cathay Bank
Nov 21, 2006
—
Ledasor Partners LLC
Allen B Sackler Family Ptshp
Grant Deed
related
—
Jan 27, 1992
$105,000
Plaza Del Rosa
Saruk,sheldon
Grant Deed
$7,975,000 · Sun Life Insuran
Mar 29, 1991
$110,000
Sheldon Saruk
Del Rosa Plaza
Grant Deed
related
—
Feb 26, 1988
—
Street Pla Third
Asr D
Trustees Deed
related
—
—
—
Asr Dev Co
—
Deed Of Trust
related
$5,358,931 · City National Bank
—
—
Ledasor Partners LLC
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1631 Highland Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
