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Property profile & analytics
OFF-MARKET
Estimated value
$13,125,000
Warehouses
194 Commercial Rd San Bernardino, CA 92408-4148
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-1472824
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2003
Construction
WOOD FRAME
Total area
72,418 SF
Lot
2.14 ac (93,218 SF)
APN
0141-321-15-0000
UPID
US10-1472824
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
-
StorQuest Self Storage Storage Facility
-
Self Storage Storage Facility
-
Regal Storage Inc Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.03M
CAP Approach
CAP
$12.12M
Comparable Approach
Comparable
$8.78M
Blend (final)
Blend
$13.13M
Owner & transaction history
San Bernardino Storage Owner LLC · 3 yrs held
San Bernardino Storage Owner LLC
since 2023
Last sale
$13.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$21.0M
+57.7%
Commercial (general)
$20.7M
+55.8%
Neighborhood: shopping center
$19.5M
+46.7%
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
$16,130,000
ML approach
$11,025,000
CAP Approach
CAP Return
Estimation
6%
$13,130,000
6.5%
$12,120,000
7%
$11,255,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$13,290,000
Current use
MEDICAL BUILDING
$20,955,000
Change: +58% · Conversion: Difficult
COMMERCIAL (GENERAL)
$20,705,000
Change: +56% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$19,495,000
Change: +47% · Conversion: Moderate
AUTO REPAIR, GARAGE
$14,525,000
Change: +9% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$14,490,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$13.13M
Range $11.81M – $14.44M · ±10% · vs last sale $13.17M (Mar 9 2023)
Last sale anchor
$13.17M
Mar 9 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
$181 / 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
$162,287
Tax year 2024
Assessed value
$13,437,750
Assessed 2024
Previous assessed
$13,437,750
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$2,040,000
Assessed improvement
$11,397,750
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
535
Total area
72,418 SF
Lot
2.14 ac (93,218 SF)
APN
0141-321-15-0000
UPID
US10-1472824
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
$13.3M
MEDICAL BUILDING
Est. value
$21.0M
COMMERCIAL (GENERAL)
Est. value
$20.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.5M
AUTO REPAIR, GARAGE
Est. value
$14.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.5M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
2003
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
535
Lot
2.14 ac
Current owner
From public records · entity-resolved
San Bernardino Storage Owner LLC
Entity
Mailing address
201 WILSHIRE BLVD STE #102, SANTA MONICA, CA 90401-3155
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2023
$13,174,500
San Bernardino Storage Owner LLC
Se San Bernardino LLC
Grant Deed
$114,000,000 · Pgim Real Estate Finance LLC
May 8, 2015
$3,017,000
Se San Bernardino LLC
Regal Storage LLC
Grant Deed
$2,500,000 · Ladder Capital Finance LLC
Jul 20, 2001
—
Storage Regal
Regal Storage
Quit Claim Deed
related
$2,345,000 · Valley Bank
Mar 23, 2000
$326,500
Joyce L Lively
Jabin,marvin & Lelia H
Grant Deed
—
Dec 9, 1997
$135,000
Leila H Jabin
Hud
Grant Deed
—
Aug 12, 1996
$132,227
Hud
First American Title Co
Grant Deed
related
—
—
—
Regal Storage LLC
—
Deed Of Trust
related
$900,000 · Cml-ca Lizard Rock LLC
—
—
Regal Storage LLC
—
Deed Of Trust
related
$2,380,000 · Imperial Capital 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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