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Property profile & analytics
FOR SALE
Industrial land
2407 W Lugonia Ave Redlands, CA 92374
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US10-1495638
For Sale
$7,575,000
2407 W Lugonia Ave, Redlands, CA 92374
View Listing →
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1914
Construction
WOOD FRAME
Total area
1,183 SF
Lot
3.86 ac (168,241 SF)
APN
0292-032-49-0000
UPID
US10-1495638
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
$8.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.58M
Owner & transaction history
Lba Rvi Company Xl Vii LLC · 4 yrs held
Lba Rvi Company Xl Vii LLC
since 2021
Last sale
$7.0M
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
Method
Estimation
Statistic approach
$8,195,000
ML approach
$8,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.58M
Range $6.82M – $8.33M · ±10% · vs last sale $7.00M (Oct 12 2021)
Last sale anchor
$7.00M
Oct 12 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
$6,403 / 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
$85,552
Tax year 2024
Assessed value
$7,282,800
Assessed 2024
Previous assessed
$7,282,800
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$7,282,800
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
For Sale
Year built
1914
Construction
WOOD FRAME
Heating
NONE
Stories
1
Rooms
5
Bathrooms
1
Total area
1,183 SF
Lot
3.86 ac (168,241 SF)
APN
0292-032-49-0000
UPID
US10-1495638
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
1914
Construction
WOOD FRAME
Heating
NONE
Stories
1
Rooms
5
Bathrooms
1
Lot
3.86 ac
Current owner
From public records · entity-resolved
Lba Rvi Company Xl Vii LLC
Entity
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
Ownership since
2021
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
Oct 12, 2021
$7,000,000
Lba Rvi Company Xl Vii LLC
East Valley Land Company LLC
Grant Deed
—
Feb 9, 2017
$1,073,000
East Valley Land Co LLC
Inland Real Estate Group LLC
Grant Deed
$925,000 · Private Individual
Oct 14, 2003
$90,000
Inland Real Estate Group LLC
Porter,cary J
Grant Deed
$350,000 · Cheek Trust
Oct 14, 2003
—
Inland Real Estate Group LLC
Baxter,paul A
Grant Deed
related
—
Jan 2, 1996
—
Cary J Porter
—
Deed Of Trust
related
—
Dec 30, 1994
—
Cary J Porter
—
Deed Of Trust
related
—
Dec 30, 1993
—
Cary J Porter
—
Deed Of Trust
related
—
Dec 20, 1993
—
Harold,k Cheek 1993 Irrev Tr
Cheek,harold K
Quit Claim Deed
related
—
—
—
Inland Real Estate Group LLC
—
Deed Of Trust
related
$800,000 · Private Individual
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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