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Property profile & analytics
OFF-MARKET
Estimated value
$1,190,000
Strip malls
16377 Main St, Hesperia, CA 92345-3567
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US10-1546483
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,908 SF
Lot
0.24 ac (10,500 SF)
APN
0413-082-04-0000
UPID
US10-1546483
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
-
Jerome E. Watson Sr, LMFT Pediatrician Physician
-
Ruby's Party Supply Event Planning
-
All Pro Realtors Real Estate Agency
-
San Miguel Market Restaurant
-
The House Of Drip Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.35M
CAP Approach
CAP
$1.18M
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$1.19M
Owner & transaction history
Tony Chan · 2 yrs held
Tony Chan
since 2023
Last sale
$1.1M
6 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 Hesperia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hesperia 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
$1,350,000
ML approach
$1,345,000
CAP Approach
CAP Return
Estimation
6%
$1,275,000
6.5%
$1,175,000
7%
$1,090,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,860,000
Current use
COMMERCIAL (GENERAL)
$1,615,000
Change: -13% · Conversion: Easy
RETAIL STORES
$1,535,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$1.19M
Range $1.07M – $1.31M · ±10% · vs last sale $1.14M (Nov 21 2023)
Last sale anchor
$1.14M
Nov 21 2023
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
$172 / 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
$10,149
Tax year 2023
Assessed value
$711,000
Assessed 2024
Previous assessed
$924,937
-23.1% YoY
Effective rate
1.43%
On assessed value
Assessed land
$501,000
Assessed improvement
$210,000
Applied tax rate
20.0000
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
3
Total area
6,908 SF
Lot
0.24 ac (10,500 SF)
APN
0413-082-04-0000
UPID
US10-1546483
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
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.6M
RETAIL STORES
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
3
Lot
0.24 ac
Current owner
From public records · entity-resolved
Tony Chan
Individual
Mailing address
4123 MT BALDY RD, CLAREMONT, CA 91711-1408
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2023
$1,135,000
Tony Chan
Soo Han Yoon
Grant Deed
$784,600 · First Bank
Feb 6, 2014
$825,000
Yoon Family Trust
Five Star Properties LLC
Grant Deed
$513,000 · Bbcn Bk
Nov 29, 2001
$284,430
Five Star Properties LLC
Mortgage One Ltd
Trustees Deed
—
Jun 23, 1999
$350,000
Mortgage One Ltd
Chirco,joseph & Marina
Grant Deed
related
$275,000 · Royal Accomodations INC
—
—
Five Star Properties LLC
—
Deed Of Trust
related
$200,000 · Graybear INC
—
—
Five Star Properties LLC
—
Deed Of Trust
related
$219,000 · Sun Country 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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