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Property profile & analytics
OFF-MARKET
Estimated value
$3,805,000
Warehouses
21 Stuart Ave, Redlands, CA 92374-3244
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US10-1738945
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,292 SF
Lot
0.8 ac (34,920 SF)
APN
0169-281-20-0000
UPID
US10-1738945
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.81M
Owner & transaction history
21 West Stuart Avenue LLC · 5 yrs held
21 West Stuart Avenue LLC
since 2020
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.2M
+24.9%
Auto repair, garage
$5.0M
+19.5%
Medical building
$4.7M
+13.5%
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
$4,935,000
ML approach
$4,905,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,155,000
Current use
COMMERCIAL (GENERAL)
$5,185,000
Change: +25% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,960,000
Change: +19% · Conversion: Easy
MEDICAL BUILDING
$4,715,000
Change: +14% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,385,000
Change: +6% · Conversion: Moderate
RETAIL STORES
$3,620,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$3.81M
Range $3.42M – $4.19M · ±10% · vs last sale $3.50M (Dec 17 2020)
Last sale anchor
$3.50M
Dec 17 2020
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
$234 / 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
$43,761
Tax year 2024
Assessed value
$3,714,228
Assessed 2024
Previous assessed
$3,714,228
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$742,846
Assessed improvement
$2,971,382
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Units
3
Total area
16,292 SF
Lot
0.8 ac (34,920 SF)
APN
0169-281-20-0000
UPID
US10-1738945
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
WAREHOUSE, STORAGE Current
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$5.2M
AUTO REPAIR, GARAGE
Est. value
$5.0M
MEDICAL BUILDING
Est. value
$4.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.4M
RETAIL STORES
Est. value
$3.6M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Units
3
Lot
0.8 ac
Current owner
From public records · entity-resolved
21 West Stuart Avenue LLC
Entity
Mailing address
PO BOX 10669, SAN BERNARDINO, CA 92423-0669
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2020
—
21 West Stuart Avenue LLC
21 West Stuart Avenue LLC
Quit Claim Deed
related
—
Dec 17, 2020
$3,500,000
Pargold LP
21 West Stuart Avenue LLC
Grant Deed
—
Feb 22, 2018
—
21 West Stuart Avenue LLC
—
Deed
related
$2,650,000 · Altschul Family Trust (pt)
Aug 8, 2002
$880,000
21 West Stuart Avenue LLC
Iaomosa INC
Grant Deed
$735,000 · Zions First National Bank
Mar 18, 1998
—
Ioamosa
Hargrave,michael R Etux
Quit Claim Deed
related
—
Nov 15, 1988
$300,000
Michael Hargrave
Grigsby Alma G
Grant Deed
$200,000 · Grigsby Alma G
—
—
10 Amosa INC
—
Deed Of Trust
related
$380,000 · Redlands Centennial Bank
—
—
21 West Stuart Avenue LLC
—
Deed Of Trust
related
$2,650,000 · Altschul Family Trust (pt)
—
—
Michael R Hargrave
—
Deed Of Trust
related
$125,000 · Redlands Centennial 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.
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