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Property profile & analytics
OFF-MARKET
Estimated value
$15,355,000
Office Spaces
303 Vanderbilt Way San Bernardino, CA 92415-0026
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US10-1021346
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1988
Construction
CONCRETE
Total area
72,000 SF
Lot
0.73 ac (31,799 SF)
APN
0281-372-02-0000
UPID
US10-1021346
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
-
Ngoc-Minh Pham Medical Clinic
-
Than Myint Medical Clinic
-
Melissa Urquhart Physician
-
Sandeep Gill Physician
-
Dau Nguyen Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.00M
Comparable Approach
Comparable
$15.09M
Blend (final)
Blend
$15.36M
Owner & transaction history
Vanderbilt Partners LLC · 12 yrs held
Vanderbilt Partners LLC
since 2014
2 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$18,415,000
6.5%
$17,000,000
7%
$15,785,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$21,680,000
Current use
MEDICAL BUILDING
$20,830,000
Change: -4% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$19,380,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$15.36M
Range $13.82M – $16.89M · ±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
$213 / 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
$109,735
Tax year 2023
Assessed value
$9,056,127
Assessed 2024
Previous assessed
$8,878,556
+2.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$306,465
Assessed improvement
$8,749,662
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1988
Construction
CONCRETE
Heating
NONE
Units
10
Total area
72,000 SF
Lot
0.73 ac (31,799 SF)
APN
0281-372-02-0000
UPID
US10-1021346
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
$21.7M
MEDICAL BUILDING
Est. value
$20.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.4M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1988
Construction
CONCRETE
Heating
NONE
Units
10
Lot
0.73 ac
Current owner
From public records · entity-resolved
Vanderbilt Partners LLC
Entity
Mailing address
4221 WILSHIRE BLVDSUITE380, LOS ANGELES, CA 90010-3512
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2014
—
Vanderbilt Partners LLC
—
Grant Deed
related
$9,400,000 · Natixis
Jan 8, 2014
$7,250,000
Vanderbilt Partners LLC
Inland Empire Health Plan
Grant Deed
—
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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