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Property profile & analytics
OFF-MARKET
Estimated value
$4,555,000
Car washes
2051 Redlands Blvd Redlands, CA 92373-6229
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US10-1622191
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,341 SF
Lot
0.59 ac (25,495 SF)
APN
0292-310-01-0000
UPID
US10-1622191
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
-
bluAQUA Express Carwash Car Wash
-
Bliss Car Wash - Redlands Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.56M
Owner & transaction history
Terry Chu · 5 yrs held
Terry Chu
since 2021
Last sale
$4.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.4M
+54.4%
Office building
$4.1M
+42.8%
Commercial (general)
$3.0M
+4.6%
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
Method
Estimation
Statistic approach
$4,975,000
ML approach
$4,750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,845,000
Current use
RESTAURANT
$4,390,000
Change: +54% · Conversion: Difficult
OFFICE BUILDING
$4,060,000
Change: +43% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,975,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$4.56M
Range $4.10M – $5.01M · ±10% · vs last sale $4.25M (Jan 12 2021)
Last sale anchor
$4.25M
Jan 12 2021
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
$488 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$11,047
Tax year 2023
Assessed value
$933,863
Assessed 2024
Previous assessed
$915,552
+2.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$297,138
Assessed improvement
$636,725
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Rooms
3
Bathrooms
1
Total area
9,341 SF
Lot
0.59 ac (25,495 SF)
APN
0292-310-01-0000
UPID
US10-1622191
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
AUTO REPAIR, GARAGE Current
Est. value
$2.8M
RESTAURANT
Est. value
$4.4M
OFFICE BUILDING
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$3.0M
AUTO REPAIR, GARAGE Current
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Rooms
3
Bathrooms
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Terry Chu
Individual
Mailing address
680 LANGSDORF DR STE #205, FULLERTON, CA 92831-3702
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2021
—
Terry Chu
Royal Anchor Management LLC
Quit Claim Deed
related
—
Dec 1, 2020
$4,250,000
Royal Anchor Management LLC
Redlands Ents INC
Grant Deed
$1,750,000 · Redlands Ents INC
Mar 29, 2013
—
Redlands Ents INC
—
Deed Of Trust
related
$5,000,000 · Bbu Bank
Jul 21, 2011
—
Redlands Ents INC
Redlands Carwash LLC
Quit Claim Deed
related
$1,765,000 · First Credit Bank
May 18, 2011
$1,846,218
Redlands Carwash LLC
Mortgage Lender Services
Trustees Deed
related
—
Dec 29, 2009
$1,890,630
Zions First Natl Bk
Mortgage Lender Svcs INC
Trustees Deed
related
—
Sep 22, 2009
$466,756
Venture Mortgage INC
Asset Foreclosure Services
Trustees Deed
related
—
Jun 20, 2007
—
Sikder Empire INC
—
Trustees Deed
related
$435,000 · Venture Mortgage
Aug 29, 2005
$2,680,000
Sikder Empire INC
Sae Dong Kim
Grant Deed
$1,738,000 · Nara Bank
Aug 3, 1989
$3,622,727
Kim Sae D & Penn
Orange Empire Ca
Trustees Deed
$1,500,000 · American International Bank
—
—
Sikder Empire INC
—
Deed Of Trust
related
$250,000 · Kim Family Trust
—
—
Sae D Kim
—
Deed Of Trust
related
$870,000 · California Korea Bank
—
—
Sae D Kim
—
Deed Of Trust
related
—
—
—
Sikder Empire INC
—
Deed Of Trust
related
$1,250,000 · Mak Realty Associates INC
—
—
Redlands Ents INC
—
Deed Of Trust
related
$2,100,000 · Bbu Bank
—
—
Sae D Kim
—
Deed Of Trust
related
$870,000 · California Korea 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.
Try Rey
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