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Property profile & analytics
OFF-MARKET
Office Spaces
31609 State Hwy 18 Lucerne Valley, CA 92356
Individually Owned
34-yr Hold
~
Est. High Equity
Property ID
US10-1734443
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1960
Construction
WOOD
Total area
1,289 SF
Lot
1.05 ac (45,738 SF)
APN
0451-121-49-0000
UPID
US10-1734443
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Efthemi Stavros · 34 yrs held
Efthemi Stavros
since 1992
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 Lucerne Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lucerne Valley 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,213
Tax year 2023
Assessed value
$147,366
Assessed 2024
Previous assessed
$144,476
+2.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$86,687
Assessed improvement
$60,679
Applied tax rate
88.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1960
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
NONE
Buildings
2
Stories
1
Rooms
5
Bathrooms
2
Total area
1,289 SF
Lot
1.05 ac (45,738 SF)
APN
0451-121-49-0000
UPID
US10-1734443
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
1960
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Buildings
2
Rooms
5
Bathrooms
2
Lot
1.05 ac
Current owner
From public records · entity-resolved
Efthemi Stavros
Individual
Mailing address
PO BOX 2365, APPLE VALLEY, CA 92307-0044
Ownership since
1992
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2018
—
Stavros,efthemia T Trust
—
Deed
related
$45,000 · Van Lone Robert W L/tr (rt)
Aug 17, 2018
—
Stavros,efthemia T Trust
—
Deed
related
$28,500 · Van Lone Robert W L/tr (rt)
Aug 21, 2017
—
Stavros,efthemia T Trust
—
Deed
related
$75,000 · Van Lone Robert W Tr (pt)
Jan 23, 2017
—
Stavros,efthemia T Trust
—
Deed
related
$50,000 · Van Lone R W Living Trust (lt)
Apr 21, 1992
$85,000
Efthemi Stavros
Ferrellgas INC
Grant Deed
$50,000 · Individual
Jan 12, 1989
$70,000
Kobs Ronald R
Leatherwood Beve
Grant Deed
—
—
—
Efthemia T Stavros
—
Deed Of Trust
related
$45,000 · Renee M Rubin
—
—
Stavros,efthemia T Trust
—
Deed Of Trust
related
$50,000 · Van Lone R W Living Trust (lt)
—
—
Stavros,efthemia T Trust
—
Loan Modification
related
$75,000 · Van Lone Robert W Tr (pt)
—
—
Stavros,efthemia T Trust
—
Loan Modification
related
$45,000 · Van Lone Robert W L/tr (rt)
—
—
Stavros,efthemia T Trust
—
Deed Of Trust
related
$28,500 · Van Lone Robert W L/tr (rt)
—
—
Stavros Efthemia T Trust
—
Deed Of Trust
related
$60,000 · Brabenec Family Trust (pt)
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
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