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Property profile & analytics
OFF-MARKET
Estimated value
$12,700,000
Distribution centers
2466 Lugonia Ave Redlands, CA 92374-5003
Entity Owned
6-yr Hold
Free & Clear
Property ID
US10-1217525
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
99,654 SF
Lot
5.38 ac (234,204 SF)
APN
0167-401-07-0000
UPID
US10-1217525
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
$15.29M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.70M
Owner & transaction history
Tga Redlands Indl Ctr LLC · 6 yrs held
Tga Redlands Indl Ctr LLC
since 2019
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$16,560,000
6.5%
$15,290,000
7%
$14,195,000
Blend value · Realmo final
$12.70M
Range $11.43M – $13.97M · ±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
$127 / 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
$138,332
Tax year 2024
Assessed value
$11,751,336
Assessed 2024
Previous assessed
$11,751,336
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$3,216,607
Assessed improvement
$8,534,729
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Total area
99,654 SF
Lot
5.38 ac (234,204 SF)
APN
0167-401-07-0000
UPID
US10-1217525
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Lot
5.38 ac
Current owner
From public records · entity-resolved
Tga Redlands Indl Ctr LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 30428, CHARLOTTE, NC 28230-0428
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2020
—
Uscif Redlands Industrial Center Ll
—
Deed
related
$94,000,000 · Allianz Global Risks Us Insurance Compan
Nov 5, 2019
—
Tga Redlands Indl Ctr LLC
Western A West Ca LLC
Quit Claim Deed
—
Nov 12, 2015
—
Western A West Ca LLC
Iit Redlands Industrial Center II L
Grant Deed
—
Nov 22, 2011
$6,400,000
Iit Redlands Industrial Center
Mountain View Industrial Cente
Grant Deed
—
Dec 15, 2006
—
Mountain View Indl Ctr LLC
Redlands Industrial Center LLC
Quit Claim Deed
related
—
Nov 21, 2005
—
Redlands Industrial Center LLC
Majestic Realty
Grant Deed
related
—
Nov 3, 2005
$9,680,000
Majestic Realty Co
Glorious Redland Inv Ptshp
Grant Deed
—
Jan 19, 1990
—
Pacific La Union
Santa Fe Pacific
Grant Deed
related
—
—
—
Iit Redlands Industrial Center
—
Loan Modification
related
—
—
—
Glorious Redland
—
Deed Of Trust
related
$1,800,000 · General Bank
—
—
Iit Redlands Industrial Center
—
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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