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Property profile & analytics
OFF-MARKET
Retail space

19 Citrus Ave Redlands, CA 92373

0.22 ac lot Built 1903
Entity Owned
Property ID
US10-1435286
Property summary
AI-generated overview

This exceptional multi-tenant retail property, the historic Cope Building, offers 21,151 square feet of net rentable space in the heart of downtown Redlands, CA. Boasting a desirable mix of e-commerce resistant tenants—including QSR/fast food, restaurants, and service businesses—this investment opportunity presents a strong, stable income stream. 53% of the occupied space has been operational for over eight years, contributing to a substantial net operating income (NOI) of $387,749 and a 7.50% cap rate. The building, constructed in 1903, sits on a 0.22-acre lot on Citrus Avenue, a highly walkable area with a Walkscore of 90, placing it in a thriving dining and nightlife district adjacent to the popular "Umbrella Alley." Its prime location benefits from excellent accessibility, with proximity to the 10 and 210 freeways and a short walk from the Metrolink station, providing convenient access to Los Angeles and San Bernardino. Furthermore, its location near the University of Redlands serves a dense, affluent demographic with average household incomes exceeding $115,000 within a 5-mile radius. This is an irreplaceable opportunity to acquire a historically significant, high-performing retail asset in a vibrant and growing market. The asking price is $5,170,000.

Property profile
Verified
Property type Retail space
Year built 1903
Lot 0.22 ac (9,583 SF)
UPID US10-1435286
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
  • Gato Feliz Media Film Production Television Studio
  • à la Minute Ice Cream Grocery & Convenience Store Specialty Food Shop
  • Redlands Daily Facts Publishing House Newspaper & Magazine
  • Earthetic Inc (Bike/Boat/Book/etc) Store Corporate Office
  • ATM (ATM Link, Inc.) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Mgh Investment Group LLC
Mgh Investment Group LLC
since 2026
2 recorded transactions
2026
Price N/A
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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