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26970 Meines St Highland, CA 92346

Investment properties Google Maps
888 SF 1.17 ac lot Built 1945
Entity Owned 3-yr Hold ~ Est. High Equity
Estimated value (blended)
$2.09M
Range $2.00M – $2.04M
Property ID US10-1568099

Property summary

AI-generated overview

This exceptional 2.34-acre industrial land parcel, located at 26970 Meines Street, Highland, CA 92346, presents a unique opportunity for businesses seeking a strategic location in the Inland Empire East submarket, specifically the San Bernardino cluster. The property, identified by APN 1192-611-02-0000, is zoned for industrial use (I) and offers significant potential for development or expansion. The site encompasses 101,930 square feet and includes an existing ±1,200 square foot structure, providing immediate utility. Existing utilities are already in place, including power, water, and septic. A portion of the property is fenced, offering some level of security. The asking lease rate is $15,000 per month gross, or $0.15 per square foot gross. This property is conveniently situated near Palm Avenue, providing easy access to major transportation routes. The property's location within the Inland Empire East offers excellent access to a robust workforce and established infrastructure. This is an ideal opportunity for businesses seeking a versatile and well-located industrial property in a thriving market. Serious inquiries are encouraged to explore the possibilities this property offers.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1945
Construction FRAME
Total area 888 SF
Lot 1.17 ac (50,750 SF)
APN 1192-611-02-0000
UPID US10-1568099

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.05M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.09M

Owner & transaction history

since 2023
Last sale
$1.9M
4 recorded transactions
2023
$1.9M
2022
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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