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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Office Spaces
27278 State Hwy 189 Blue Jay, CA 92317
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US10-0977799
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1964
Construction
WOOD FRAME
Total area
1,600 SF
Lot
0.21 ac (9,000 SF)
APN
0335-321-14-0000
UPID
US10-0977799
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
$520k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$375k
Blend (final)
Blend
$520k
Owner & transaction history
Cedar Sage Investments LLC · 1 yrs held
Cedar Sage Investments LLC
since 2025
Last sale
$520,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$695,000
+26.4%
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 Blue Jay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Blue Jay 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
$530,000
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$550,000
Current use
OFFICE BUILDING
$695,000
Change: +26% · Conversion: Easy
AUTO REPAIR, GARAGE
$485,000
Change: -12% · Conversion: Difficult
MEDICAL BUILDING
$465,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $520k (Jan 31 2025)
Last sale anchor
$520k
Jan 31 2025
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
$325 / 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
$3,152
Tax year 2023
Assessed value
$235,660
Assessed 2024
Previous assessed
$231,040
+2.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$117,830
Assessed improvement
$117,830
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
1964
Construction
WOOD FRAME
Heating
NONE
Units
1
Rooms
6
Bathrooms
2
Total area
1,600 SF
Lot
0.21 ac (9,000 SF)
APN
0335-321-14-0000
UPID
US10-0977799
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$550,000
OFFICE BUILDING
Est. value
$695,000
AUTO REPAIR, GARAGE
Est. value
$485,000
MEDICAL BUILDING
Est. value
$465,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1964
Construction
WOOD FRAME
Heating
NONE
Units
1
Rooms
6
Bathrooms
2
Lot
0.21 ac
Current owner
From public records · entity-resolved
Cedar Sage Investments LLC
Entity
Mailing address
1400 ROCKY RDG DR STE #150, ROSEVILLE, CA 95661-2828
Ownership since
2025
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
Jan 31, 2025
$520,000
Cedar Sage Investments LLC
Blue Jay Retail LLC
Grant Deed
$442,000 · Commonwealth Business Bank
Oct 23, 2014
—
Blue Jay Retail LLC
Blue Jay Village LLC
Grant Deed
$11,800,000 · Morgan Stanley Bank NA
May 6, 2013
—
Blue Jay Village LLC
Blue Jay Investors LLC
Quit Claim Deed
related
—
Oct 25, 2012
—
Blue Jay Village LLC
Blue Jay Investors LLC
Grant Deed
$10,000,000 · Calmwater Capital 3 LLC
Jul 23, 2007
—
Blue Jay Investors LLC
Blue Jay Village
Quit Claim Deed
—
Jul 9, 2003
—
Blue Jay Village Co
—
Deed Of Trust
related
$4,000,000 · Bank Of America
Feb 17, 1993
$1,700,000
Blue Jay Village Co
Uc Capital INC
Grant Deed
related
—
Sep 19, 1991
$205,000
Uc Capital INC
Blue Jay Village
Trustees Deed
related
—
—
—
Blue Jay Investors LLC
—
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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