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Property profile & analytics
OFF-MARKET
Estimated value
$4,040,000
Flex space
17227 Columbus St Adelanto, CA 92301
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-1559206
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2005
Construction
STEEL FRAME
Total area
31,250 SF
Lot
5.59 ac (243,500 SF)
APN
0459-441-42-0000
UPID
US10-1559206
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
$4.71M
CAP Approach
CAP
$3.95M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.04M
Owner & transaction history
Golden Lake Business Park INC · 2 yrs held
Golden Lake Business Park INC
since 2023
Last sale
$4.0M
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
$4,220,000
ML approach
$4,705,000
CAP Approach
CAP Return
Estimation
6%
$4,275,000
6.5%
$3,950,000
7%
$3,665,000
Blend value · Realmo final
$4.04M
Range $3.64M – $4.44M · ±10% · vs last sale $4.00M (Dec 15 2023)
Last sale anchor
$4.00M
Dec 15 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
$129 / 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
$46,019
Tax year 2024
Assessed value
$4,000,000
Assessed 2024
Previous assessed
$4,000,000
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$1,215,000
Assessed improvement
$2,785,000
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
2005
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Total area
31,250 SF
Lot
5.59 ac (243,500 SF)
APN
0459-441-42-0000
UPID
US10-1559206
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
2005
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Lot
5.59 ac
Current owner
From public records · entity-resolved
Golden Lake Business Park INC
Entity
Mailing address
59 PULSAR, IRVINE, CA 92618-1330
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2023
$4,000,000
Golden Lake Business Park INC
K Drum Investments LLC
Grant Deed
$3,120,000 · K Drum Investments LLC
Feb 7, 2020
—
K Drum Investments LLC
—
Deed
related
$2,658,902 · Alaska USA FCU
Sep 6, 2017
—
K Drum Investments LLC
Kenneth Drum
Grant Deed
$2,010,000 · Alaska USA FCU
Aug 21, 2014
—
Kenneth Drum
Nuria Bravo
Intrafamily Transfer
related
$1,014,000 · East West Bank
Mar 10, 2008
—
Kenneth Drum
Drum,sherri
Quit Claim Deed
related
—
—
—
Kenneth Drum
—
Deed Of Trust
related
$200,000 · Pacific Mercantile Bank
—
—
Furniture Technologies INC
—
Deed Of Trust
related
$100,000 · James N Henderson
—
—
K Drum Investments LLC
—
Loan Modification
related
$2,658,902 · Alaska USA FCU
—
—
Kenneth Drum
—
Deed Of Trust
related
$1,030,000 · Desert Community Bank
—
—
Kenneth Drum
—
Deed Of Trust
related
$1,121,000 · Excel National 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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