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Property profile & analytics
OFF-MARKET
Estimated value
$7,980,000
Warehouses
18435 Bear Vly Rd, Hesperia, CA 92345-4905
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-1297137
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1996
Construction
STEEL FRAME
Total area
59,340 SF
Lot
14.75 ac (642,500 SF)
APN
0399-144-14-0000
UPID
US10-1297137
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
-
Extra Space Storage Storage Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.98M
CAP Approach
CAP
$9.12M
Comparable Approach
Comparable
$6.51M
Blend (final)
Blend
$7.98M
Owner & transaction history
Mhc 297 Hesperia Ca LLC · 1 yrs held
Mhc 297 Hesperia Ca LLC
since 2024
Last sale
$8.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$13.2M
+69.9%
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 Hesperia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hesperia 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
$7,980,000
ML approach
$7,980,000
CAP Approach
CAP Return
Estimation
6%
$9,880,000
6.5%
$9,120,000
7%
$8,470,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,760,000
Current use
RETAIL STORES
$13,185,000
Change: +70% · Conversion: Moderate
Blend value · Realmo final
$7.98M
Range $7.18M – $8.78M · ±10% · vs last sale $7.98M (Jul 19 2024)
Last sale anchor
$7.98M
Jul 19 2024
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
$134 / 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
$31,530
Tax year 2024
Assessed value
$2,858,261
Assessed 2024
Previous assessed
$2,858,261
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$772,710
Assessed improvement
$2,085,551
Applied tax rate
20.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Construction
STEEL FRAME
Heating
NONE
Units
1
Total area
59,340 SF
Lot
14.75 ac (642,500 SF)
APN
0399-144-14-0000
UPID
US10-1297137
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
WAREHOUSE, STORAGE Current
Est. value
$7.8M
RETAIL STORES
Est. value
$13.2M
WAREHOUSE, STORAGE Current
RETAIL STORES
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
1996
Construction
STEEL FRAME
Heating
NONE
Units
1
Lot
14.75 ac
Current owner
From public records · entity-resolved
Mhc 297 Hesperia Ca LLC
Entity
Mailing address
770 IRVINE HAUL RD 780TH IRVINE
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2024
$7,980,000
Mhc 297 Hesperia Ca LLC
Riverside Center Commerce Park II L
Grant Deed
$8,320,000 · Extra Space Storage LP
Jul 19, 2024
—
Mhc 297 LLC
Riverside Center Commerce Park II L
Intrafamily Transfer
related
—
Jul 21, 2004
—
Riverside Center Commerce Park
—
Trustees Deed
related
$600,000 · Pacific Western National Bank
Mar 19, 1999
—
Riverside Center Commerce Park
—
Grant Deed
related
$1,925,000 · Pacific Western National Bank
Feb 2, 1989
$250,000
Riverside Center
Bisco Land Dev
Grant Deed
related
—
Sep 30, 1988
$325,000
Land Dev L Bisco
Dumars Bert
Grant Deed
—
Sep 30, 1988
$1,250,000
Bert Dumars
Desert Recreatio
Grant Deed
$1,000,000 · Desert Recreatio
—
—
Riverside Center Commerca Pk I
—
Deed Of Trust
related
$2,301,000 · Pacific Western National Bank
—
—
Riverside Center
—
Deed Of Trust
related
—
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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