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Property profile & analytics
OFF-MARKET
Estimated value
$2,705,000
Apartment buildings
235 Cypress Ave Redlands, CA 92373-6165
Entity Owned
25-yr Hold
Property ID
US10-1554274
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
WOOD FRAME
Total area
31,970 SF
Lot
1.55 ac (67,518 SF)
APN
0173-061-21-0000
UPID
US10-1554274
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.71M
Owner & transaction history
Deer Creek LLC · 25 yrs held
Deer Creek LLC
since 2000
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 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
$85 / 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
$26,959
Tax year 2023
Assessed value
$2,215,965
Assessed 2024
Previous assessed
$2,172,515
+2.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$449,103
Assessed improvement
$1,766,862
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1964
Construction
WOOD FRAME
Heating
NONE
Units
32
Rooms
5
Bathrooms
1
Total area
31,970 SF
Lot
1.55 ac (67,518 SF)
APN
0173-061-21-0000
UPID
US10-1554274
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
1964
Construction
WOOD FRAME
Heating
NONE
Units
32
Rooms
5
Bathrooms
1
Lot
1.55 ac
Current owner
From public records · entity-resolved
Deer Creek LLC
Entity
Mailing address
9931 8TH ST, RANCHO CUCAMONGA, CA 91730-5231
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2022
—
Deer Creek LLC
—
Deed
related
$4,330,000 · Arbor Agency Lending LLC
Jun 13, 2018
—
Deer Creek LLC
—
Deed
related
$1,500,000 · Bofi Federal Bank
Nov 14, 2000
—
Deer Creek LLC
Skc Avalon LLC
Grant Deed
$1,080,000 · Financial Inst Partners Mtg
Nov 14, 1997
—
Avalon Skc
Wall,carolyn M
Grant Deed
related
—
Jun 6, 1997
—
Carolyn M Wall
Wall,mary J
Quit Claim Deed
related
—
Jan 29, 1993
—
Kathleen F Wall
—
Deed Of Trust
related
—
—
—
Deer Creek INC
—
Deed Of Trust
related
$1,500,000 · Financial Inst Partners Mtg
—
—
Deer Creek LLC
—
Deed Of Trust
related
$1,800,000 · Citibank West Fsb
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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