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Property profile & analytics
OFF-MARKET
Estimated value
$9,575,000
Warehouses
2969 Lenwood Rd A, Barstow, CA 92311-9570
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-0546428
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Construction
STEEL FRAME
Total area
62,194 SF
Lot
25.02 ac (1,089,871 SF)
APN
0421-313-57-0000
UPID
US10-0546428
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
$9.54M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.58M
Owner & transaction history
American Quartz Group INC · 7 yrs held
American Quartz Group INC
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 Barstow submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Barstow 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%
$10,335,000
6.5%
$9,540,000
7%
$8,860,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$15,850,000
Current use
RETAIL STORES
$13,820,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$9.58M
Range $8.62M – $10.53M · ±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
$154 / 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
$58,123
Tax year 2024
Assessed value
$4,610,147
Assessed 2024
Previous assessed
$4,610,147
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$715,161
Assessed improvement
$3,894,986
Applied tax rate
9.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1974
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Units
1
Total area
62,194 SF
Lot
25.02 ac (1,089,871 SF)
APN
0421-313-57-0000
UPID
US10-0546428
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
WAREHOUSE, STORAGE Current
Est. value
$15.9M
RETAIL STORES
Est. value
$13.8M
WAREHOUSE, STORAGE Current
RETAIL STORES
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
1974
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Units
1
Lot
25.02 ac
Current owner
From public records · entity-resolved
American Quartz Group INC
Entity
Free & Clear · 7 yrs held
Mailing address
2979 LENWOOD RD, BARSTOW, CA 92311-9570
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2020
—
American Quartz Group INC
—
Deed
related
$3,000,000 · Mega Bank
Jun 17, 2019
$5,800,000
American Quartz Group INC
Barstow Industrial Owner LLC
Grant Deed
—
Oct 10, 2014
—
Barstow Industrial Owner LLC
Meruelo Maddux Properties 2951 Lenw
Grant Deed
$320,355,000 · Deutsche Bank Ag New York Branch
Apr 28, 2006
—
Meruelo Maddux Props-2951 Lenw
Meruelo Maddux Props-2951 Lenw
Quit Claim Deed
related
—
Feb 21, 2006
—
Richard Meruelo
Meruelo,richard
Quit Claim Deed
related
—
Feb 18, 2005
—
Meruelo Maddux Props 2951 Lenw
Yellow Transportation System I
Grant Deed
related
—
—
—
Meruelo Maddux Props 2951 Lenw
—
Deed Of Trust
related
$4,097,500 · East West Bank
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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