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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1972 Essex Ct Redlands, CA 92373-8008

    • Warehouses
    • 15,460 SF
    • 1.03 lot acres
    OFF-MARKET
    Value Estimations
    $2,265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1217548
    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

    • Warehouses

    Property Details for 1972 Essex Ct

    Year built
    2001
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.03 lot acres
    Property size
    15,460 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    0292-153-32-0000
    APU
    292153320000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,250,000
      6.5%
      $2,075,000
      7%
      $1,930,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,731,000
      Market price range: $376k - $3.03M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,435,000

    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
    34.0619
    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
    $28,074
    $573,052
    $1,804,054
    $2,377,106
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • 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
    • Value Estimation
      $5,545,000
      68,180 SF

      25825 Redlands Blvd

      MINI-WAREHOUSE, STORAGE • 68,180 SF
      25825 Redlands Blvd, Loma Linda, CA 92373-8499
      View Details
    • Value Estimation
      $1,915,000
      18,066 SF

      1976 Essex Ct

      MINI-WAREHOUSE, STORAGE • 18,066 SF
      1976 Essex Ct, Redlands, CA 92373-8008
      View Details
    • Value Estimation
      $5,455,000
      68,080 SF

      25875 Redlands Blvd

      MINI-WAREHOUSE, STORAGE • 68,080 SF
      25875 Redlands Blvd, Redlands, CA 92373
      View Details
    • Value Estimation
      $17,025,000
      2.07 Acres

      509 Alabama St

      MINI-WAREHOUSE, STORAGE • 2.07 Acres
      509 Alabama St, Redlands, CA 92373-8093
      View Details
    • Value Estimation by Request
      4,000 SF

      31789 Outer Hwy 10

      MINI-WAREHOUSE, STORAGE • 4,000 SF
      31789 Outer Hwy 10, Redlands, CA 92373-7575
      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
    • $130,000
      5.19 Acres

      Redlands Restaurant - Turnkey Opportunity

      Established eatery, high traffic area, immediate operation.
      1150 Brookside Ave, Redlands, CA 92373
      View Details
    • $2,240,000

      Redlands Office Condo For Sale

      5,837 SF office condo in central Redlands location.
      1861 W Redlands Blvd, Redlands, CA 92373
      View Details

    Similar Nearby for Lease

    • 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
    • $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
    • $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
    • 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
    • $1.49 SF/Yr
      6,682 SF

      Redlands Warehouse with Climate Control

      Warehouse with climate-controlled offices, ground-level loading, near freeways.
      721 Nevada St, Redlands, CA 92373
      View Details
    • Contact for pricing
      46,300 SF

      Redlands Warehouse with Truck Court

      95,500 SF warehouse with easy freeway access.
      401 Alabama St, Redlands, CA 92373
      View Details
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    1972 Essex Ct
    Redlands, CA 92373-8008
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    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
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