New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,635,000
Flex space
1939 Lincoln Ave San Bernardino, CA 92411
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-0547253
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1950
Construction
WOOD FRAME
Total area
11,550 SF
Lot
2.7 ac (117,504 SF)
APN
0144-042-66-0000
UPID
US10-0547253
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
$2.09M
CAP Approach
CAP
$1.68M
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$1.64M
Owner & transaction history
Ndl Commercial Properties III LLC · 1 yrs held
Ndl Commercial Properties III LLC
since 2025
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.3M
+10.0%
Apartment house (5+ units)
$2.3M
+9.7%
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 San Bernardino submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Bernardino 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
$2,015,000
ML approach
$2,085,000
CAP Approach
CAP Return
Estimation
6%
$1,815,000
6.5%
$1,675,000
7%
$1,555,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,105,000
Current use
AUTO REPAIR, GARAGE
$2,315,000
Change: +10% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,310,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$1.64M
Range $1.47M – $1.80M · ±10% · vs last sale $1.20M (Jan 15 2020)
Last sale anchor
$1.20M
Jan 15 2020
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
$142 / 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
$16,794
Tax year 2024
Assessed value
$1,338,623
Assessed 2024
Previous assessed
$1,338,623
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$786,467
Assessed improvement
$552,156
Applied tax rate
7.0000
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
1950
Construction
WOOD FRAME
Heating
NONE
Stories
1
Units
1
Total area
11,550 SF
Lot
2.7 ac (117,504 SF)
APN
0144-042-66-0000
UPID
US10-0547253
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
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.3M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1950
Construction
WOOD FRAME
Heating
NONE
Stories
1
Units
1
Lot
2.7 ac
Current owner
From public records · entity-resolved
Ndl Commercial Properties III LLC
Entity
Free & Clear · 1 yrs held
Mailing address
6713 INDIANA AVE #110, RIVERSIDE, CA 92506-4263
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Apr 29, 2025
—
Ndl Commercial Properties III LLC
Narcis C Postolache
Quitclaim Deed
related
—
Jan 15, 2020
—
1939 Lincoln Drive Trust
Narcis C Postolache
Quit Claim Deed
related
—
Jan 23, 2019
—
Drive Lincoln 1939 Trust
Drive Lincoln 1939 Trust
Quit Claim Deed
related
—
Apr 17, 2018
—
1939 Lincoln Drive Trust
Postolache,narcis C
Quit Claim Deed
related
—
Oct 11, 2017
$1,200,000
Narcis C Postolache
Anthony W Forfa III
Grant Deed
$900,000 · Pacific Premier Bank
Sep 27, 2017
—
Anthony W Forfa III
Forfa A W III & D M Trust
Quit Claim Deed
related
—
Jul 26, 2017
—
Anthony W Forfa III
Forfa,anthony W III & Diane M
Quit Claim Deed
related
—
Dec 8, 2006
—
Forfa,a W III & D M Trust
Forfa,anthony W III & Diane M
Quit Claim Deed
related
—
—
—
Drive Lincoln 1939 Trust
—
Loan Modification
related
—
—
—
Forfa,anthony W III & Diane M
—
Deed Of Trust
related
$727,000 · Bank Of The West
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.
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 1939 Lincoln 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.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
