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    Property profile & analytics

    1998 Orange Tree Ln Redlands, CA 92374-2841

    • Office properties & Spaces
    • 18,143 SF
    • 1.76 lot acres
    OFF-MARKET
    Last Sale
    Oct 03, 2022
    $4,000,000
    Value Estimations
    $4,100,000
    Show details
    Cap Rate Potential
    3.5%
    Office properties & Spaces
    Location Intelligence
    Property ID
    US10-1483497
    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

    • CENTURY 21 Lois Lauer Realty / Real Estate Agency
    • KRISTIN STATON, We Sell Redlands, C21 Lois Lauer / Real Estate Agency
    • Penny Smith Realtor / Real Estate Agency
    • TIM ADAMS, CENTURY 21 LOIS LAUER REALTY / Real Estate Agency
    • Century 21 Lois Lauer - Kristin and David Real Estate Group / Real Estate Agency

    Property Details for 1998 Orange Tree Ln

    Year built
    1982
    Construction
    WOOD FRAME
    Lot size
    1.76 lot acres
    Property size
    18,143 SF
    Property type
    Office properties & Spaces
    APN
    0292-331-08-0000
    APU
    292331080000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,260,000
      ML approach
      $4,270,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,960,000
      Market price range: $930k - $6.12M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $5,775,000
      Current use
      AUTO REPAIR, GARAGE
      $5,525,000
      Change: -4% Conversion: Difficult
      MEDICAL BUILDING
      $5,250,000
      Change: -9% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $4,885,000
      Change: -15% Conversion: Difficult
      WAREHOUSE, STORAGE
      $4,625,000
      Change: -20% Conversion: Difficult

    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
    34.0678
    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
    2023
    $48,002
    $1,020,000
    $3,060,000
    $4,080,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $740,000
      6,506 SF

      1180 Nevada St

      OFFICE (GENERAL) • 6,506 SF
      1180 Nevada St, Redlands, CA 92374-2894
      View Details
    • Value Estimation
      $660,000
      3,204 SF

      829 Colton Ave

      OFFICE (GENERAL) • 3,204 SF
      829 Colton Ave, Redlands, CA 92374-2929
      View Details
    • Value Estimation
      $2,950,000
      22,349 SF

      1902 Orange Tree Ln

      OFFICE (GENERAL) • 22,349 SF
      1902 Orange Tree Ln, Redlands, CA 92374-2888
      View Details
    • Value Estimation
      $5,600,000
      37,435 SF

      2068 Orange Tree Ln

      OFFICE (GENERAL) • 37,435 SF
      2068 Orange Tree Ln, Redlands, CA 92374-4555
      View Details
    • Value Estimation by Request
      1.44 Acres

      Redlands, CA 92374

      OFFICE (GENERAL) • 1.44 Acres
      Redlands, CA 92374
      View Details
    • Value Estimation by Request
      50,000 SF

      1200 California St

      Office properties & Spaces • 50,000 SF
      1200 California St, Redlands, CA 92374
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      57,246 SF

      Redlands Office Building For Sale

      Desirable office location with freeway access and nearby amenities.
      1980 Orange Tree Ln, Redlands, CA 92374
      View Details
    • Contact for pricing
      18,317 SF

      Redlands Retail Center - Two Units Available

      High-visibility retail spaces in busy Redlands center.
      802, Redlands, CA 92374
      View Details
    • $1,170,000
      4,006 SF

      Redlands Multifamily Property For Sale

      Four-unit income property in a desirable Redlands neighborhood.
      610 E Lugonia Ave, Redlands, CA 92374
      View Details
    • $1,880,000
      1,222 SF

      Redlands Mixed-Use Property: Live & Work

      Charming 2-bed home on large commercial lot.
      1740 Sessums Dr, Redlands, CA 92374
      View Details
    • Contact for pricing
      86,249 SF

      Redlands Land for Lease

      Approximately 1.98 acres available for lease in Redlands, CA.
      1740 Sessums Dr, Redlands, CA 92374
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Fully Leased Office Building

      Office building in Redlands, CA, currently 100% leased.
      1969 Orange Tree Ln, Redlands, CA 92374
      View Details
    • Contact for pricing

      Freeway-Adjacent Redlands Office Building

      Two-story professional office building near major retail centers and I-10.
      1175 Idaho St, Redlands, CA 92374
      View Details
    • $2,500 /Mo
      500 SF

      Medical Office Shared Space

      Furnished medical suites available for lease in Redlands, CA.
      1801 Orange Tree Ln, Redlands, CA 92374
      View Details
    • Contact for pricing

      Fully Leased Office Building

      Office building in Redlands, CA, currently 100% leased.
      1662-1668 Plum Ln, Redlands, CA 92374
      View Details
    • $1.35 SF/Yr
      2,773 SF

      Redlands Office Space For Lease

      Office space available for lease in Redlands, California.
      1765-1795 Orange Tree Ln, Redlands, CA 92374
      View Details
    • $2 SF/Yr
      1,884 SF

      Fully Leased Redlands Office Building

      100% leased office building in Redlands, California.
      1177 Idaho St, Redlands, CA 92374
      View Details
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    Redlands, CA 92374-2841
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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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