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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Office Spaces
23955 Lk Dr, Crestline, CA 92325
Trust Owned
4-yr Hold
~
Est. High Equity
Property ID
US10-1023521
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1945
Construction
STEEL FRAME
Total area
5,025 SF
Lot
0.19 ac (8,395 SF)
APN
0338-147-05-0000
UPID
US10-1023521
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
$610k
CAP Approach
CAP
$625k
Comparable Approach
Comparable
$723k
Blend (final)
Blend
$635k
Owner & transaction history
First Citizens Bank & Trust Company · 4 yrs held
First Citizens Bank & Trust Company
since 2022
Last sale
$635,000
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 Crestline submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Crestline 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
$675,000
ML approach
$610,000
CAP Approach
CAP Return
Estimation
6%
$680,000
6.5%
$625,000
7%
$580,000
Blend value · Realmo final
$635k
Range $572k – $699k · ±10% · vs last sale $635k (Feb 1 2022)
Last sale anchor
$635k
Feb 1 2022
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
$126 / 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
$1,722
Tax year 2023
Assessed value
$109,242
Assessed 2024
Previous assessed
$647,700
-83.1% YoY
Effective rate
1.58%
On assessed value
Assessed land
$109,242
Applied tax rate
105.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1945
Construction
STEEL FRAME
Heating
NONE
Units
1
Total area
5,025 SF
Lot
0.19 ac (8,395 SF)
APN
0338-147-05-0000
UPID
US10-1023521
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
1945
Construction
STEEL FRAME
Heating
NONE
Units
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
First Citizens Bank & Trust Company
Trust
Mailing address
49950 JEFFERSON ST STE #130, INDIO, CA 92201-8810
Ownership since
2022
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
Feb 1, 2022
—
First Citizens Bank & Trust Company
23955 Lake Drive LLC
Assignment Of Lease (leasehold Sale)
$259,000 · First Citizens Bank & Trust Co
Feb 1, 2022
$635,000
23955 Lake Drive LLC
Bwj Partners LLC
Grant Deed
$326,000 · First Citizens Bank & Trust Co
Mar 17, 2016
—
Bwj Partners LLC
Bwj Partners LLC
Quit Claim Deed
related
—
Dec 23, 2015
$135,000
Bwj Partners LLC
Rocker,john
Grant Deed
—
Jun 24, 2013
$101,000
John Rocker
Herman M A & R Trust
Grant Deed
—
May 20, 2013
—
Melanie Grimshaw-schneider
Pickel,michael D
Affidavit Of Death
related
—
Mar 19, 2013
$80,000
Herman Marcian A & Royan Trust
Foothill Conveyance Corp
Trustees Deed
related
—
Dec 31, 2007
$222,500
Valley Of The Moon LLC
Chilson,michael D & Regina L
Grant Deed
—
Jul 14, 2006
$250,000
Michael D Chilson
Lake Gregory Community Church
Grant Deed
$225,000 · Lake Gregory Community Church
Jan 16, 2004
$180,000
Lake Gregory Community Church
Vineyard Bank
Grant Deed
—
Oct 20, 2003
$125,914
Vineyard Bank
Murray,william
Trustees Deed
related
—
Sep 28, 2001
$100,000
William Murray
Strebe,earle C & Frances B
Grant Deed
$115,000 · Vineyard Bank
Sep 8, 2000
$90,993
Earle C Strebe
Collins,ronald E
Trustees Deed
—
Jul 2, 1996
$100,000
Ronald E Collins
Strebe,earle C & Frances B
Grant Deed
$85,000 · Individual
—
—
William Murray
—
Deed Of Trust
related
$50,000 · Desert Community Bank
—
—
Valley Of The Moon LLC
—
Deed Of Trust
related
$200,000 · Marcian A & Royan V Herman
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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