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    Property profile & analytics

    1678 Redlands Blvd Redlands, CA 92373

    • Outlet malls
    • 21,746 SF
    • 2.01 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1212033
    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.

    Current Use by Public Records

    • 99 Cents Only Stores / Discount Store

    Property Details for 1678 Redlands Blvd

    Year built
    2003
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.01 lot acres
    Property size
    21,746 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    0292-063-53-0000
    APU
    292063530000

    Description

    This exceptional 21,750 square foot freestanding retail building is ideally situated on Redlands Boulevard in San Bernardino County, just south of the I-10 freeway (accessible from the Alabama Street exit). Boasting convenient ingress/egress and ample parking (nearly a 5:1 ratio), this property offers unparalleled visibility and accessibility. Its prime location benefits from over 191,000 vehicles passing daily, making it an excellent opportunity for a neighborhood grocer or flagship retailer seeking high traffic exposure. The building is surrounded by a strong mix of national retailers, including Lowe's, Pep Boys, Burlington, and Big 5 Sporting Goods, ensuring a vibrant and established commercial environment. This high-density area boasts a population of 92,119 within a 10-minute drive, providing a substantial customer base. The property is a single-tenant retail box, offering a unique opportunity for a business seeking a prominent and easily accessible location. This is a rare opportunity to secure a highly visible and well-located retail space in a thriving commercial area. The property's size and location make it an ideal choice for a variety of retail uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,195,000
      6.5%
      $4,795,000
      7%
      $4,455,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,725,000
      Market price range: $2.48M - $7.73M
      AI Estimate
      $3,077,000
      Market price range: $1.22M - $4.87M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,830,000
      Current use
      COMMERCIAL (GENERAL)
      $6,925,000
      Change: +43% Conversion: Easy
      AUTO REPAIR, GARAGE
      $6,620,000
      Change: +37% Conversion: Difficult
      MEDICAL BUILDING
      $6,290,000
      Change: +30% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $5,855,000
      Change: +21% Conversion: Moderate
      WAREHOUSE, STORAGE
      $5,545,000
      Change: +15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Redlands
    County
    San Bernardino
    State
    California
    Longitude
    -117.212
    Latitude
    34.0635
    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
    2023
    $54,713
    $1,657,684
    $2,990,902
    $4,648,586
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,060,000
      18,400 SF

      102 State St

      SHOPPING CENTER, STRIP CENTER • 18,400 SF
      102 State St, Redlands, CA 92373
      View Details
    • Value Estimation
      $715,000
      5,017 SF

      1981 Redlands Blvd

      SHOPPING CENTER, STRIP CENTER • 5,017 SF
      1981 Redlands Blvd, Redlands, CA 92373-3132
      View Details
    • Value Estimation
      $1,740,000
      7,102 SF

      1263 Brookside Ave

      SHOPPING CENTER, STRIP CENTER • 7,102 SF
      1263 Brookside Ave, Redlands, CA 92373-1441
      View Details
    • Value Estimation
      $1,425,000
      16,604 SF

      611 Redlands Blvd

      SHOPPING CENTER, STRIP CENTER • 16,604 SF
      611 Redlands Blvd, Redlands, CA 92373-4664
      View Details
    • Value Estimation by Request
      1,978 SF

      421 Citrus Ave

      SHOPPING CENTER, STRIP CENTER • 1,978 SF
      421 Citrus Ave, Redlands, CA 92373-5218
      View Details
    • Value Estimation
      $3,135,000
      35,568 SF

      101 Cajon St

      SHOPPING CENTER, STRIP CENTER • 35,568 SF
      101 Cajon St, Redlands, CA 92373-4711
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      39,259 SF

      Redlands Neighborhood Center Retail Space

      Retail spaces available in a well-maintained, busy neighborhood center.
      1502-1580 Barton Rd, Redlands, CA 92373
      View Details
    • $1,700,000
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      Downtown Redlands Retail Investment Property

      Retail investment property in historic downtown Redlands with three rental units.
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      Vintage Airstream Ice-Cream Trailer

      Turnkey 1952 Airstream trailer, permitted for ice-cream sales.
      824 Cajon St, Redlands, CA 92373
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    • $650,000
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      Redlands Retail/Office Space For Sale

      Retail or office space in downtown Redlands with expansion potential.
      414 E Redlands Blvd, Redlands, CA 92373
      View Details
    • Contact for pricing
      30,492 SF

      Land Near 10 Freeway

      30,492 SF land with immediate freeway access.
      501 Nevada St, Redlands, CA 92373
      View Details
    • $250,000
      14,599.00 Acres

      Redlands Highview Infill Lot

      Highview infill lot in Redlands with potential utility access.
      Highview Dr, Redlands, CA 92373
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,689 SF

      Retail Space Available in Redlands

      Retail space for lease near major retailers in Redlands.
      2068 W Redlands Blvd, Redlands, CA 92373
      View Details
    • $18 SF/Yr
      21,750 SF

      Redlands Blvd Retail Space Available

      Prime Retail Box, High Traffic Area
      1678 Redlands Blvd, Redlands, CA 92373
      View Details
    • $15 SF/Yr
      97,185 SF

      Citrus Village Plaza: Redlands Retail

      Redlands retail space, multiple units available.
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      View Details
    • $30 SF/Yr
      2,251 SF

      Redlands Retail Space Available

      High-traffic retail shops, prime location.
      1615 Redlands Blvd, Redlands, CA 92373
      View Details
    • Contact for pricing
      62,999 SF

      Redlands Retail Space Available

      Prime Redlands location, multiple suites, various sizes.
      0 State & 3, Redlands, CA 92373
      View Details
    • Contact for pricing
      19,370 SF

      Industrial Building with Charging Stations

      Industrial building featuring office space, loading docks, and EV charging.
      1951 Park Ave, Redlands, CA 92373
      View Details
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    1678 Redlands Blvd
    Redlands, CA 92373
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    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
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