New search
Property profile & analytics
FOR LEASE
Strip malls
308 W State St, Redlands, CA 92373
Entity Owned
~
Est. High Equity
Property ID
US10-0977368
For Lease
1 / 8
$1,000,000
308 W State St, Redlands, CA 92373
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Construction
WOOD FRAME
Total area
14,387 SF
Lot
0.11 ac (4,720 SF)
APN
0171-041-01-0000
UPID
US10-0977368
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
-
Inland Empire Dental Specialty Group Dental Office
-
Redlands Childrens Dental Group Dental Office
-
Peter Cho Dental Office
-
Diaz David M DDS Dental Office
-
C&C Center For Healing Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$730k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$869k
Blend (final)
Blend
$1.00M
Owner & transaction history
State Street Plaza LLC
State Street Plaza LLC
since 2025
Last sale
$1.2M
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 Redlands submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redlands 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
$730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $1.20M (Jul 22 2025)
Last sale anchor
$1.20M
Jul 22 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
$70 / 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
$23,558
Tax year 2023
Assessed value
$1,996,761
Assessed 2024
Previous assessed
$1,957,609
+2.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$69,574
Assessed improvement
$1,927,187
Applied tax rate
5.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1989
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
4
Total area
14,387 SF
Lot
0.11 ac (4,720 SF)
APN
0171-041-01-0000
UPID
US10-0977368
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
Building & site characteristics
From public records
Year built
1989
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
4
Lot
0.11 ac
Current owner
From public records · entity-resolved
State Street Plaza LLC
Entity
Mailing address
41623 MARGARITA RD STE #100, TEMECULA, CA 92591-2989
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2025
$1,200,000
State Street Plaza LLC
Tampa Tarzana LLC
Grant Deed
$840,000 · First Fidelity Bank
Oct 31, 2011
$1,381,500
Amjad Farha Group INC
Farha,amjad
Grant Deed
—
Oct 31, 2011
$2,000,000
Tampa Tarzana LLC
Amjad Farha Group INC
Grant Deed
—
Mar 26, 1999
—
Amjad Farha
Farha,randa
Quit Claim Deed
related
—
Mar 26, 1999
$1,345,000
Farha,amjad
La Farge Plaza INC
Trustees Deed
$941,500 · Life Savings Bank
—
—
Anjad Farha
—
Deed Of Trust
related
$800,000 · Inland Community Bank
—
—
Plaza I La Farge
—
Deed Of Trust
related
$1,100,000 · First Interstate Bank Californ
—
—
Mozafar Behzad
—
Deed Of Trust
related
$16,872 · Individual
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
