Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1971 Essex Ct Redlands, CA 92373-8057

    • Warehouses
    • 21,228 SF
    • 1.18 lot acres
    OFF-MARKET
    Last Sale
    Jan 04, 2024
    $5,100,000
    Value Estimations
    $5,100,000
    Show details
    Cap Rate Potential
    3.6%
    Warehouses
    Location Intelligence
    Property ID
    US10-0958179
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • LOUIS LENNART KHO QUI / Physician
    • Benchmark Young Adult School / High School
    • Allied Reference Laboratory / Tech Support Center / IT Consulting Firm
    • Tina Collins / Counselor / Marriage Or Relationship Counselor
    • Jaclyn Stockham / Counselor

    Property Details for 1971 Essex Ct

    Year built
    2001
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.18 lot acres
    Property size
    21,228 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    0292-153-38-0000
    APU
    292153380000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,100,000
      ML approach
      $5,100,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $5,410,000
      Current use
      COMMERCIAL (GENERAL)
      $6,760,000
      Change: +25% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $6,465,000
      Change: +19% Conversion: Easy
      MEDICAL BUILDING
      $6,140,000
      Change: +14% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $5,715,000
      Change: +6% Conversion: Moderate
      RETAIL STORES
      $4,715,000
      Change: -13% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Redlands
    County
    San Bernardino
    State
    California
    Longitude
    -117.221
    Latitude
    34.0609
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $48,807
    $827,742
    $3,310,969
    $4,138,711
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,975,000
      22,586 SF

      1975 Essex Ct

      MINI-WAREHOUSE, STORAGE • 22,586 SF
      1975 Essex Ct, Redlands, CA 92373-8008
      View Details
    • Value Estimation
      $2,140,000
      15,454 SF

      1967 Essex Ct

      MINI-WAREHOUSE, STORAGE • 15,454 SF
      1967 Essex Ct, Redlands, CA 92373-8008
      View Details
    • Value Estimation
      $2,265,000
      15,460 SF

      1972 Essex Ct

      MINI-WAREHOUSE, STORAGE • 15,460 SF
      1972 Essex Ct, Redlands, CA 92373-8008
      View Details
    • Value Estimation by Request
      1,825 SF

      11 Redlands Blvd

      MINI-WAREHOUSE, STORAGE • 1,825 SF
      11 Redlands Blvd, Redlands, CA 92373
      View Details
    • Value Estimation
      $1,085,000
      9,428 SF

      1960 Essex Ct

      MINI-WAREHOUSE, STORAGE • 9,428 SF
      1960 Essex Ct, Redlands, CA 92373-8008
      View Details
    • Value Estimation
      $540,000
      1.13 Acres

      1951 Park Ave

      MINI-WAREHOUSE, STORAGE • 1.13 Acres
      1951 Park Ave, Redlands, CA 92373-8045
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      73,729 SF

      Redlands Warehouse: 73,729 SF

      Prime Redlands industrial space. High-clearance warehouse with ample parking.
      509 Alabama St, Redlands, CA 92373
      View Details
    • Contact for pricing
      46,080 SF

      Redlands Freestanding Industrial Building

      Freestanding industrial building featuring office space, high ceilings, and multiple doors.
      1980 W Park Ave, Redlands, CA 92373
      View Details
    • Contact for pricing
      9,000 SF

      Redlands Industrial Complex Units

      Industrial units with office space and freeway access.
      560-590 Nevada St, Redlands, CA 92373
      View Details
    • $7,750,000

      Redlands Industrial Property for Sale

      Industrial property available for purchase in Redlands, California.
      11006 Iowa St, Redlands, CA 92373
      View Details
    • Contact for pricing
      9,850 SF

      Downtown Redlands Office Space

      Historic Mason Lodge Office Suite
      131 St Unit 13, Redlands, CA 92373
      View Details
    • Contact for pricing
      4,661 SF

      Redlands Office Suite - Downtown

      Prime Redlands office space, 4661 sq ft.
      127 St Unit 202, Redlands, CA 92373
      View Details

    Similar Nearby for Lease

    • $1.20 SF/Yr
      20,400 SF

      Redlands Warehouse with Racking System

      20,400 SF warehouse with racked pallet positions available for sublease.
      1645 W Park Ave, Redlands, CA 92373
      View Details
    • Contact for pricing
      73,729 SF

      Redlands Industrial Building For Lease

      73,729 SF industrial building featuring truck court and loading docks.
      509 Alabama St, Redlands, CA 92373
      View Details
    • Contact for pricing
      193,469 SF

      Redlands Warehouse Distribution Opportunity

      Freestanding warehouse with 36' clear height and ample parking.
      301 Tennessee St, Redlands, CA 92373
      View Details
    • Contact for pricing
      19,370 SF

      Industrial Building with Charging Stations

      Industrial building featuring office space, loading docks, and EV charging.
      1951 Park Ave, Redlands, CA 92373
      View Details
    • $1.00 SF/Yr
      5,711 SF

      Redlands Warehouse with Office Space

      Warehouse space featuring office and drive-in door in Redlands.
      421 Business Center Ct, Redlands, CA 92373
      View Details
    • $1.10 SF/Yr
      21,612 SF

      Redlands Warehouse with Secured Yard

      21,612 SF warehouse with cooler and secured yard.
      1939 W Park Ave, Redlands, CA 92373
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1971 Essex Ct
    Redlands, CA 92373-8057
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.