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Property profile & analytics
OFF-MARKET
Estimated value
$3,705,000
Industrial properties
2015 Park Ave Redlands, CA 92373-6271
Individually Owned
25-yr Hold
Free & Clear
Property ID
US10-0848392
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1995
Construction
TILT-UP CONCRETE
Total area
42,944 SF
Lot
2.86 ac (124,581 SF)
APN
0292-152-39-0000
UPID
US10-0848392
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
-
Teresa Rogers, PT Physician
-
OutBack Physiotherapy Centre, Inc. Physician
-
Unity Escape Rooms Arcade & Gaming Center
-
Anchor Bible Church of Redlands Church
-
Citrus Valley Christian Academy High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.71M
Owner & transaction history
Danny J Merritt · 25 yrs held
Danny J Merritt
since 2000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Redlands submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redlands 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$86 / 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
$44,759
Tax year 2024
Assessed value
$3,776,551
Assessed 2024
Previous assessed
$3,776,551
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$379,308
Assessed improvement
$3,397,243
Applied tax rate
5.0000
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1995
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
3
Stories
1
Units
16
Total area
42,944 SF
Lot
2.86 ac (124,581 SF)
APN
0292-152-39-0000
UPID
US10-0848392
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
Building & site characteristics
From public records
Year built
1995
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
3
Units
16
Lot
2.86 ac
Current owner
From public records · entity-resolved
Danny J Merritt
Individual
Free & Clear · 25 yrs held
Mailing address
PO BOX 1210, REDLANDS, CA 92373-0401
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2000
$1,900,000
Danny J Merritt
Stiel,henry & Alice
Grant Deed
—
Dec 12, 1997
—
Henry Stiel
—
Deed Of Trust
related
$2,000,000 · De Anza National Bank
Jan 28, 1994
—
Sce
Stiel,henry Etal
Grant Deed
related
—
Feb 20, 1991
$700,000
Henry Stiel
Park Ave Estates
Grant Deed
$300,000 · Gd Assoc
Jul 5, 1982
$142,600
—
—
Grant Deed
related
—
—
—
Merritt,living Trust
—
Deed Of Trust
related
$900,000 · Stiel Living Trust
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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