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Property profile & analytics
OFF-MARKET
Estimated value
$4,880,000
Flex space
223 B St Colton, CA 92324-2736
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US10-0952831
Property summary
AI-generated overview
This exceptional 36,670-square-foot industrial warehouse in Colton, California, presents a compelling investment opportunity. Situated on a 0.24-acre lot, this single-story, 1989-built facility boasts a substantial 42-foot clear ceiling height, ideal for various industrial uses. The property features three dock-high loading platforms equipped with levelers and deep truck wells accommodating 53-foot trailers. Ample power is provided by 1600 amps of 480/277-volt, 3-phase power (equivalent to 3200 amps of 240-volt, triple-phase power). The building is constructed of concrete tilt-up and masonry, ensuring durability and longevity. In addition to the warehouse space, there is a 3,200-square-foot, two-story office area. A 10,000-square-foot vacant lot offers potential for additional parking or expansion. Located in San Bernardino County at 223 W B St, Colton, CA 92324, this property offers convenient access to major transportation routes. The property includes one parking space. This warehouse is perfect for businesses requiring significant space, high ceilings, and robust power capabilities.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1975
Construction
TILT-UP CONCRETE
Total area
14,576 SF
Lot
1.1 ac (48,000 SF)
APN
0161-182-32-0000
UPID
US10-0952831
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
-
GP Solutions Inc. Grow Pod Solutions Agricultural Service Agricultural Product Wholesaler
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.10M
Blend (final)
Blend
$4.88M
Owner & transaction history
Miller Property Investors LLC
Miller Property Investors LLC
since 2026
Last sale
$4.8M
7 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 Colton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colton 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
$5,860,000
ML approach
$5,895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,000,000
Current use
RESTAURANT
$6,850,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$4.88M
Range $4.39M – $5.37M · ±10% · vs last sale $4.78M (Jul 20 2021)
Last sale anchor
$4.78M
Jul 20 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
$335 / 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
$59,002
Tax year 2024
Assessed value
$4,863,870
Assessed 2024
Previous assessed
$4,863,870
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$998,784
Assessed improvement
$3,865,086
Applied tax rate
2.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1975
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
3
Stories
1
Units
1
Rooms
4
Bathrooms
1
Total area
14,576 SF
Lot
1.1 ac (48,000 SF)
APN
0161-182-32-0000
UPID
US10-0952831
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
INDUSTRIAL (GENERAL) Current
Est. value
$8.0M
RESTAURANT
Est. value
$6.9M
INDUSTRIAL (GENERAL) Current
RESTAURANT
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
1975
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
3
Units
1
Rooms
4
Bathrooms
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Miller Property Investors LLC
Entity
Mailing address
469 JULLIARD DR, CLAREMONT, CA 91711-1927
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2026
$4,950,500
Miller Property Investors LLC
Ontario Milliken LLC
Grant Deed
$2,475,225 · Cathay Bank
Mar 27, 2026
—
Miller Property Investors INC
—
Deed
related
$2,031,000 · Ampac Tri State Cdc INC
Jul 20, 2021
$4,780,000
Ontario Milliken LLC
B Street Equities LLC
Grant Deed
$2,997,000 · First General Bank
Oct 24, 2017
$2,300,000
B Street Equities LLC
Csm Bakery Productions NA INC
Grant Deed
$1,725,000 · California Bank & Trust
Jun 20, 2013
—
Csm Bakery Products NA INC
Csm Subholdings INC
Quit Claim Deed
—
Dec 26, 2006
$7,000,000
Telco Food Products INC
Timothy P Telliard
Grant Deed
$170,000,000 · General Electric Capital Corp
Jul 31, 2006
—
Timothy P Telliard
Timothy P Telliard
Intrafamily Transfer
related
$885,111 · Citizens Business Bank
Jun 28, 2006
—
Timothy Ents
Telliard Partnership
Quit Claim Deed
—
Aug 17, 1993
—
Partner Telliard
—
Deed Of Trust
related
—
Aug 20, 1992
—
Alfred Evans
—
Deed Of Trust
related
—
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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