Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,410,000
Flex space
17098 Racoon Ave Adelanto, CA 92301-2204
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0945013
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2016
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,100 SF
Lot
0.78 ac (33,977 SF)
APN
0459-681-17-0000
UPID
US10-0945013
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
by Request
CAP Approach
CAP
$1.40M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.41M
Owner & transaction history
David Abovian · 8 yrs held
David Abovian
since 2018
7 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,520,000
6.5%
$1,400,000
7%
$1,300,000
Blend value · Realmo final
$1.41M
Range $1.27M – $1.55M · ±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
$127 / 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
$17,451
Tax year 2024
Assessed value
$1,542,818
Assessed 2024
Previous assessed
$1,542,818
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$203,101
Assessed improvement
$1,339,717
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
2016
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Total area
11,100 SF
Lot
0.78 ac (33,977 SF)
APN
0459-681-17-0000
UPID
US10-0945013
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
Building & site characteristics
From public records
Year built
2016
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
David Abovian
Individual
Mailing address
2310 N FAIRVIEW ST APT #206, BURBANK, CA 91504-3171
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2021
—
David Abovian
—
Deed
related
$1,575,000 · O K LLC
Mar 5, 2018
—
David Abovian
Genex Partners LLC
Quit Claim Deed
$1,500,000 · Ok LLC
Jul 20, 2017
—
Genex Partners LLC
Abovian,david
Quit Claim Deed
—
May 3, 2017
—
David Abovian
—
Deed
related
$450,000 · Eugene Young
Mar 24, 2017
—
David Abovian
—
Deed
related
$250,000 · Eugene Young
Mar 9, 2017
—
David Abovian
—
Deed
related
$300,000 · Private Individual
Dec 16, 2015
$350,000
David Abovian
Raccoon Holdings LLC
Grant Deed
—
Dec 10, 2015
$169,500
Raccoon Holdings LLC
Dunagan,edward A & Cheryl A
Grant Deed
—
Dec 22, 2006
$297,000
Edward A Dunagan
Adelanto Redevelopment Agency
Grant Deed
$237,600 · Adelanto Redevelopment Agency
—
—
David Abovian
—
Deed Of Trust
related
$250,000 · Eugene Young
—
—
David Abovian
—
Deed Of Trust
related
$300,000 · Private Individual
—
—
David Abovian
—
Deed Of Trust
related
$450,000 · Eugene Young
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 17098 Racoon 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.
