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Property profile & analytics
FOR LEASE
Industrial properties
346 S I St San Bernardino, CA 92410
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US10-0850137
For Lease
1 / 2
$6,080,000
346 S I St, San Bernardino, CA 92410
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
48,000 SF
Lot
3.04 ac (132,422 SF)
APN
0137-191-30-0000
UPID
US10-0850137
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
-
CARLOS POWER TOOLS (Bike/Boat/Book/etc) Store Building Supply
-
Rojas Power Tools (Bike/Boat/Book/etc) Store Building Supply
-
H & M Distribution Distribution Center Logistics Company
-
PT Turbos (Performance Techniques) Industrial Manufacturer Production Facility
-
Lyman Door & Hardware Hardware & Home Improvement Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.97M
Comparable Approach
Comparable
$5.15M
Blend (final)
Blend
$6.08M
Owner & transaction history
Tpa Vi LLC
Tpa Vi LLC
since 2025
Last sale
$6.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.6M
+16.9%
Apartment house (5+ units)
$9.6M
+16.6%
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%
$7,550,000
6.5%
$6,965,000
7%
$6,470,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,235,000
Current use
AUTO REPAIR, GARAGE
$9,630,000
Change: +17% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$9,605,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$6.08M
Range $5.47M – $6.69M · ±10% · vs last sale $6.10M (Nov 6 2024)
Last sale anchor
$6.10M
Nov 6 2024
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
$127 / 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
$37,386
Tax year 2024
Assessed value
$2,998,454
Assessed 2024
Previous assessed
$2,998,454
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$500,723
Assessed improvement
$2,497,731
Applied tax rate
7.0000
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
For Lease
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Units
22
Total area
48,000 SF
Lot
3.04 ac (132,422 SF)
APN
0137-191-30-0000
UPID
US10-0850137
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
INDUSTRIAL (GENERAL) Current
Est. value
$8.2M
AUTO REPAIR, GARAGE
Est. value
$9.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.6M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Units
22
Lot
3.04 ac
Current owner
From public records · entity-resolved
Tpa Vi LLC
Entity
Mailing address
431 W HIGHLAND AVE, REDLANDS, CA 92373-6771
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2025
—
Tpa Vi LLC
Legacy 2025 LLC
Deed
—
Feb 6, 2025
$6,100,000
Legacy 2025 LLC
Tricia B Kazarian
Grant Deed
—
Sep 16, 2015
—
Kazarian,victor Living Trust
Kazarian H 1993 Trust
Quit Claim Deed
related
—
Apr 7, 2015
—
Kazarian,hike Trust
Kazarian Hike
Affidavit Of Death
related
—
Jun 15, 1994
—
Hike Kazarian
—
Deed Of Trust
related
—
Dec 7, 1993
—
Hike Kazarian
—
Deed Of Trust
related
—
—
—
Kazarian 1993 Trust
—
Deed Of Trust
related
$525,518 · Citibank West Fsb
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?”
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