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    308 W State St Redlands, CA 92373
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    Property profile & analytics

    308 W State St Redlands, CA 92373

    View on Map
    • Strip malls
    • 14,387 SF
    • 0.11 lot acres
    For Lease
    $1,000,000
    View Listing →
    Redlands Office Space Available For Lease
    $1,000,000
    1,494 SF

    Redlands Office Space Available

    Office space available in Redlands, California, offering 1,494 square feet.

    308 W State St, Redlands, CA 92373
    View Listing
    Property ID
    US10-0977368
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,000,000
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 308 W State St

    Year built
    1989
    Construction
    WOOD FRAME
    Lot size
    0.11 lot acres
    Property size
    14,387 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    0171-041-01-0000
    APU
    171041010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $730,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $869,000
      Market price range: $680k - $1.99M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Redlands
    County
    San Bernardino
    State
    California
    Longitude
    -117.186
    Latitude
    34.0568
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $23,558
    $69,574
    $1,927,187
    $1,996,761
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,978 SF

      421 Citrus Ave

      SHOPPING CENTER, STRIP CENTER • 1,978 SF
      421 Citrus Ave, Redlands, CA 92373-5218
      View Details
    • Value Estimation
      $2,060,000
      18,400 SF

      102 State St

      SHOPPING CENTER, STRIP CENTER • 18,400 SF
      102 State St, Redlands, CA 92373
      View Details
    • Value Estimation
      $715,000
      5,017 SF

      1981 Redlands Blvd

      SHOPPING CENTER, STRIP CENTER • 5,017 SF
      1981 Redlands Blvd, Redlands, CA 92373-3132
      View Details
    • Value Estimation
      $1,425,000
      16,604 SF

      611 Redlands Blvd

      SHOPPING CENTER, STRIP CENTER • 16,604 SF
      611 Redlands Blvd, Redlands, CA 92373-4664
      View Details
    • Value Estimation
      $1,740,000
      7,102 SF

      1263 Brookside Ave

      SHOPPING CENTER, STRIP CENTER • 7,102 SF
      1263 Brookside Ave, Redlands, CA 92373-1441
      View Details
    • Value Estimation
      $3,135,000
      35,568 SF

      101 Cajon St

      SHOPPING CENTER, STRIP CENTER • 35,568 SF
      101 Cajon St, Redlands, CA 92373-4711
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Downtown Redlands Retail Investment Property

      Retail investment property in historic downtown Redlands with three rental units.
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      Vintage Airstream Ice-Cream Trailer

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      Redlands Retail/Office Space For Sale

      Retail or office space in downtown Redlands with expansion potential.
      414 E Redlands Blvd, Redlands, CA 92373
      View Details
    • $420,000
      35,500.00 Acres

      Residential Lot with Mountain Views

      Residential lot in South Redlands with city and mountain views.
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      Retail Space Available in Redlands

      Retail space for lease near major retailers in Redlands.
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      Redlands Boulevard Retail Opportunity

      Retail space available in Albertsons-anchored shopping center on Redlands Boulevard.
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      Office Space Above Visitor Center

      Office space for rent with included utilities and security.
      14 N 5Th St, Redlands, CA 92373
      View Details
    • Contact for pricing
      14,451 SF

      Freestanding Building for Lease

      14,451 SF freestanding building available for lease.
      410 Business Center Ct, Redlands, CA 92373
      View Details
    • Contact for pricing
      193,469 SF

      Industrial Space in Redlands, CA

      Planned 193,469 SF industrial space with office.
      301 Tennessee St, Redlands, CA 92373
      View Details
    View Listing
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    308 W State St
    Redlands, CA 92373
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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