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Property profile & analytics
OFF-MARKET
Estimated value
$3,660,000
Flex space
16980 Racoon Ave Adelanto, CA 92301-2250
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-1488619
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1992
Construction
STEEL FRAME
Total area
24,000 SF
Lot
4.7 ac (204,732 SF)
APN
0459-681-04-0000
UPID
US10-1488619
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.13M
CAP Approach
CAP
$3.03M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.66M
Owner & transaction history
3 Ddd Development LLC · 3 yrs held
3 Ddd Development LLC
since 2023
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.7M
+2.3%
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 Adelanto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Adelanto 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
$3,850,000
ML approach
$4,130,000
CAP Approach
CAP Return
Estimation
6%
$3,285,000
6.5%
$3,030,000
7%
$2,815,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,535,000
Current use
COMMERCIAL (GENERAL)
$5,660,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$3.66M
Range $3.29M – $4.03M · ±10% · vs last sale $3.65M (Feb 28 2023)
Last sale anchor
$3.65M
Feb 28 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
$153 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$42,971
Tax year 2024
Assessed value
$3,723,000
Assessed 2024
Previous assessed
$3,723,000
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$1,254,600
Assessed improvement
$2,468,400
Applied tax rate
14.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1992
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
2
Total area
24,000 SF
Lot
4.7 ac (204,732 SF)
APN
0459-681-04-0000
UPID
US10-1488619
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
INDUSTRIAL (GENERAL) Current
Est. value
$5.5M
COMMERCIAL (GENERAL)
Est. value
$5.7M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
1992
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
2
Lot
4.7 ac
Current owner
From public records · entity-resolved
3 Ddd Development LLC
Entity
Free & Clear · 3 yrs held
Mailing address
4875 E LA PALMA AVE STE #602, ANAHEIM, CA 92807-1955
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2023
$3,650,000
3 Ddd Development LLC
Joint Venture Medical Industries In
Grant Deed
—
Mar 19, 2019
—
Joint Venture Medical Industri
P Ashaland LLC
Quit Claim Deed
$2,500,000 · 123 South San Rafael LLC
Aug 10, 2017
$560,000
906 Harding LLC
Jvmi Holdings LLC
Grant Deed
—
Apr 26, 2017
$2,625,000
P Ashland LLC
Ready Transportation INC
Grant Deed
—
Jun 13, 2006
$1,350,000
Ready Transportation INC
Peterson Family Trust
Grant Deed
—
Jul 7, 1994
$498,642
Us Small Business Admin
Calvano,maria I
Trustees Deed
—
May 26, 1992
—
Jose M Calvano
Calvano,jose M
Quit Claim Deed
related
$492,000 · Sun Country Bank
—
—
Maria I Calvano
—
Deed Of Trust
related
$492,000 · Sun Country Bank
—
—
Maria I Calvano
—
Deed Of Trust
related
$145,000 · Sun Country Bank
—
—
Tech-iron INC
—
Deed Of Trust
related
$420,000 · Bank One Indiana NA
—
—
Tech Iron INC
—
Deed Of Trust
related
$495,000 · 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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