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Property profile & analytics
OFF-MARKET
Estimated value
$1,775,000
Strip malls
223 Mtn Ave, Upland, CA 91786-5711
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US10-1156122
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1979
Construction
WOOD FRAME
Total area
11,952 SF
Lot
1.09 ac (47,480 SF)
APN
1007-511-11-0000
UPID
US10-1156122
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
-
Perry's Complete Floors Carpet & Flooring Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.79M
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.78M
Owner & transaction history
Mountain Avenue Holdings LLC · 19 yrs held
Mountain Avenue Holdings LLC
since 2006
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 Upland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Upland 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,930,000
6.5%
$1,785,000
7%
$1,655,000
Blend value · Realmo final
$1.78M
Range $1.60M – $1.95M · ±10%
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
$149 / 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
$26,812
Tax year 2023
Assessed value
$2,544,900
Assessed 2024
Previous assessed
$2,495,000
+2.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$1,188,700
Assessed improvement
$1,356,200
Applied tax rate
8.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1979
Construction
WOOD FRAME
Heating
NONE
Stories
1
Units
11
Total area
11,952 SF
Lot
1.09 ac (47,480 SF)
APN
1007-511-11-0000
UPID
US10-1156122
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
1979
Construction
WOOD FRAME
Heating
NONE
Stories
1
Units
11
Lot
1.09 ac
Current owner
From public records · entity-resolved
Mountain Avenue Holdings LLC
Entity
Mailing address
1260 S LA CIENEGA BLVD, LOS ANGELES, CA 90035-2548
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2023
—
Mountain Avenue Holdings LLC
—
Deed
related
$3,000,000 · First Republic Bank
Nov 20, 2017
—
Mountain Avenue Holdings LLC
—
Grant Deed
related
$2,000,000 · Luther Burbank Svgs
Jun 29, 2006
—
Mountain Avenue Holdings LLC
American Storage Properties LLC
Quit Claim Deed
related
$1,090,000 · Premier America Cu
Feb 2, 2006
$1,875,000
American Storage LLC
R & B Properties
Grant Deed
—
Sep 21, 1992
—
R Properties
—
Deed Of Trust
related
—
—
—
Richard Tuckerman
—
Deed Of Trust
related
$389,000 · Upland National Bank
—
—
Mountain Avenue Holdings INC
—
Deed Of Trust
related
$1,240,000 · Bank Leumi USA
—
—
R Properties
—
Deed Of Trust
related
$68,000 · Kimball 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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