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Property profile & analytics
OFF-MARKET
Estimated value
$21,240,000
Flex space
1717 Park Ave Redlands, CA 92373-8049
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US10-0918332
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
76,234 SF
Lot
7.08 ac (308,404 SF)
APN
0292-156-21-0000
UPID
US10-0918332
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
-
Layne, A Granite Company Construction Company General Contractor
-
Seven Up Royal Crown Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$20.45M
Blend (final)
Blend
$21.24M
Owner & transaction history
Lba Lvf Vill Company Xxx LLC · 5 yrs held
Lba Lvf Vill Company Xxx LLC
since 2021
Last sale
$20.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$33.1M
+112.9%
Commercial (general)
$24.3M
+55.9%
Auto repair, garage
$23.2M
+49.1%
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 Redlands submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redlands 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
$24,515,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$15,565,000
Current use
OFFICE BUILDING
$33,145,000
Change: +113% · Conversion: Difficult
COMMERCIAL (GENERAL)
$24,270,000
Change: +56% · Conversion: Difficult
AUTO REPAIR, GARAGE
$23,210,000
Change: +49% · Conversion: Easy
MEDICAL BUILDING
$22,055,000
Change: +42% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$20,520,000
Change: +32% · Conversion: Difficult
WAREHOUSE, STORAGE
$19,430,000
Change: +25% · Conversion: Easy
Blend value · Realmo final
$21.24M
Range $19.12M – $23.36M · ±10% · vs last sale $20.00M (Jul 1 2021)
Last sale anchor
$20.00M
Jul 1 2021
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
$279 / 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
$275,361
Tax year 2024
Assessed value
$23,409,000
Assessed 2024
Previous assessed
$23,409,000
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$12,484,800
Assessed improvement
$10,924,200
Applied tax rate
5.0000
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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Total area
76,234 SF
Lot
7.08 ac (308,404 SF)
APN
0292-156-21-0000
UPID
US10-0918332
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
$15.6M
OFFICE BUILDING
Est. value
$33.1M
COMMERCIAL (GENERAL)
Est. value
$24.3M
AUTO REPAIR, GARAGE
Est. value
$23.2M
MEDICAL BUILDING
Est. value
$22.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$20.5M
WAREHOUSE, STORAGE
Est. value
$19.4M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Lot
7.08 ac
Current owner
From public records · entity-resolved
Lba Lvf Vill Company Xxx LLC
Entity
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2024
—
Lba Lvf Vii Company Xxx LLC
—
Deed
related
$131,000,000 · Jpmorgan Chase Bank NA
Apr 25, 2022
—
Lba Lvf Vii Company Xxx LLC
—
Deed
related
$63,500,000 · Bank Of America NA
Jul 1, 2021
$20,000,000
Lba Lvf Vill Company Xxx LLC
Layne Christensen Company
Grant Deed
—
Sep 9, 2011
$5,325,000
Layne Christensen Co
Gonzales & Sons Investments In
Grant Deed
—
Jun 1, 2010
—
Gonzales & Sons Investment INC
—
Trustees Deed
related
—
Jan 26, 2009
—
Gonzales & Sons Investment INC
—
Trustees Deed
related
$700,000 · Evertrust Bank
—
—
Gonzales & Sons Investment INC
—
Deed Of Trust
related
—
—
—
Investments In Gonzales
—
Deed Of Trust
related
$2,900,000 · Union Bank Of California
—
—
Layne Christensen Co
—
Deed Of Trust
related
$99,898,000 · Us Bk
—
—
Gonzales & Sons Investment INC
—
Deed Of Trust
related
$750,000 · Evertrust 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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