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Property profile & analytics
OFF-MARKET
Estimated value
$11,000,000
Industrial properties
275 Ml St San Bernardino, CA 92408-1530
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0579590
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
74,688 SF
Lot
3.9 ac (169,712 SF)
APN
0136-392-08-0000
UPID
US10-0579590
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
Current use
Occupant on record · Public records
-
El Rey de la Mangoneada Grocery & Convenience Store Specialty Food Shop
-
Saborines Ice Cream Grocery & Convenience Store Specialty Food Shop
-
Design Checkstands Industrial Manufacturer Production Facility
-
Precision Machine Dental Industrial Manufacturer
-
La Tapatia Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.00M
CAP Approach
CAP
$10.84M
Comparable Approach
Comparable
$8.10M
Blend (final)
Blend
$11.00M
Owner & transaction history
Olam 275 E Mill Street LLC · 2 yrs held
Olam 275 E Mill Street LLC
since 2024
Last sale
$11.0M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$15.0M
+10.3%
Apartment house (5+ units)
$14.9M
+10.0%
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 San Bernardino submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Bernardino 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
$11,000,000
ML approach
$11,000,000
CAP Approach
CAP Return
Estimation
6%
$11,745,000
6.5%
$10,840,000
7%
$10,065,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$13,580,000
Current use
AUTO REPAIR, GARAGE
$14,980,000
Change: +10% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$14,945,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$11.00M
Range $9.90M – $12.10M · ±10% · vs last sale $11.00M (Apr 24 2024)
Last sale anchor
$11.00M
Apr 24 2024
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
$147 / 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
$42,696
Tax year 2024
Assessed value
$3,426,430
Assessed 2024
Previous assessed
$3,426,430
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$586,540
Assessed improvement
$2,839,890
Applied tax rate
7.0000
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 properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Units
56
Total area
74,688 SF
Lot
3.9 ac (169,712 SF)
APN
0136-392-08-0000
UPID
US10-0579590
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
INDUSTRIAL (GENERAL) Current
Est. value
$13.6M
AUTO REPAIR, GARAGE
Est. value
$15.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.9M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Units
56
Lot
3.9 ac
Current owner
From public records · entity-resolved
Olam 275 E Mill Street LLC
Entity
Mailing address
268 BUSH ST #49, SAN FRANCISCO, CA 94104-3503
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2024
$11,000,000
Olam 275 E Mill Street LLC
Steven H Shakin
Grant Deed
—
Apr 4, 2024
—
Steven H Shakin
Sbbp Ventures LLC
Re-recorded Document
related
—
Dec 10, 2019
—
Mendelsohn,shakin 2004 Trust
Sbbp Ventures LLC
Grant Deed
—
Oct 3, 2016
—
Sbbp Ventures LLC
Sbbp Ventures LLC
Quit Claim Deed
related
—
—
—
Sbbp Ventures LLC
—
Loan Modification
related
$2,250,000 · Jp Morgan Chase Bk
—
—
Sbbp Ventures LLC
—
Deed Of Trust
related
$3,200,000 · Opus Bk
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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