1893 Capri Ave Mentone, CA 92359-1260
Entity Owned
3-yr Hold
~
Est. High Equity
Estimated value (blended)
$2.45M
Range $2.21M – $2.70M (±10%)
Implied cap rate
3.20%
In-place · NOI ÷ last sale
Property ID
US10-0845068
Property summary
AI-generated overview
This exceptional industrial property, located at 1893 Capri Ave in Mentone, California (zip code 92359), offers a total of 14,630 square feet of warehouse space across two single-story buildings. The property sits on a 1.25-acre lot (54,450 square feet) and boasts a Class C designation. Built in 1940, the buildings feature a 10-foot ceiling height and excellent access with 100 feet of frontage. The property is zoned RS. Currently, there is at least one available unit of 4,360 square feet, with additional smaller units ranging from 600 to 4,300 square feet also available. Each unit includes at least one drive-thru door, providing convenient loading and unloading. The complex offers shared private restrooms and ample parking for tenants. The property's location provides easy access to Mentone Boulevard, a major thoroughfare offering quick connections to San Bernardino. The property's features include two dock-high doors and nine drive-in doors. The Assessor's Parcel Number (APN) is 0298-074-30, and the property is located in San Bernardino County.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1940
Construction
STEEL FRAME
Total area
9,656 SF
Lot
1.25 ac (54,450 SF)
APN
0298-074-30-0000
UPID
US10-0845068
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.71M
Blend (final)
Blend
$2.45M
Owner & transaction history
since 2022
Last sale
$2.3M
6 recorded transactions
Zoning & alternative use
Top alternative use upside
Commercial (general)
$3.3M
+28.9%
Auto repair, garage
$2.9M
+14.1%
Medical building
$2.8M
+8.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 8 comparables with addresses
6 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$2.45M
Value range
$2.21M – $2.70M
±10% around blend
Estimated value / SF
$254 / SF
Confidence
High
8 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
80
$2.21M
blend $2.45M
$2.70M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,656 SF
Lot area
1.25 ac
Year built
1940
Stories
1
APN
0298-074-30-0000
Assessed value
$2,346,000
Annual tax
$27,746
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$2.71M
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
13.3 mi away · 12,059 SF
13.9 mi away · 8,880 SF
14.1 mi away · 10,477 SF
15.0 mi away · 11,368 SF
15.7 mi away · 8,980 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.45M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 841 sales
$267
-5%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $254/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+29%
vs current-use indication
Auto Repair, Garage
Medical Building
Neighborhood: Shopping Center
Industrial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
3.20%
Implied, in-place cap rate for this industrial properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.20%
9.0%
NOI (est.)
$161k *
Last sale · Nov 2022
$2.30M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$5.03M
Move the market yield to see immediate price impact.
Value / SF
$521
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
2.70%3.20%3.70%
$145k
$5.37M
$4.53M
$3.92M
$161k
$5.96M
$5.03M
$4.35M
$177k
$6.56M
$5.53M
$4.79M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$2.94M
13.3 mi · Sep 2025 · $244/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$27,746
Tax year 2024
Assessed value
$2,346,000
Assessed 2024
Previous assessed
$2,346,000
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$703,800
Assessed improvement
$1,642,200
Applied tax rate
104.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1940
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
7
Total area
9,656 SF
Lot
1.25 ac (54,450 SF)
APN
0298-074-30-0000
UPID
US10-0845068
Jurisdiction
SAN BERNARDINO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1940
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
7
Lot
1.25 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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 1893 Capri 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.
Full reports are paid
Unlock the full Property Analytics report
Pick a plan to open full owner contacts, all 4 valuations with methodology, the refine flow, comparable adjustments, the foot-traffic deep dive and PDF / CSV export. Cancel anytime.
