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Property profile & analytics
OFF-MARKET
Estimated value
$12,755,000
Distribution centers
3524 Mike Daley Dr San Bernardino, CA 92407-1889
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US10-1214268
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
94,904 SF
Lot
8.11 ac (353,354 SF)
APN
0148-011-53-0000
UPID
US10-1214268
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
-
US BRA (Bike/Boat/Book/etc) Store Clothing & Fashion Store
-
LiveBrow Cosmetic Store
-
Sofa Covers Home Decor Store Department Store
-
Magical Sofa Home Decor Store Department Store
-
spe sofa Home Decor Store Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.24M
Comparable Approach
Comparable
$7.97M
Blend (final)
Blend
$12.76M
Owner & transaction history
Cicf II Cab LLC
Cicf II Cab LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$19.0M
+9.0%
Apartment house (5+ units)
$19.0M
+8.7%
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%
$17,585,000
6.5%
$16,235,000
7%
$15,075,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$17,460,000
Current use
AUTO REPAIR, GARAGE
$19,035,000
Change: +9% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$18,990,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$12.76M
Range $11.48M – $14.03M · ±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
$134 / 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
$171,250
Tax year 2024
Assessed value
$13,583,085
Assessed 2024
Previous assessed
$13,583,085
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$5,796,324
Assessed improvement
$7,786,761
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Total area
94,904 SF
Lot
8.11 ac (353,354 SF)
APN
0148-011-53-0000
UPID
US10-1214268
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
WAREHOUSE, STORAGE Current
Est. value
$17.5M
AUTO REPAIR, GARAGE
Est. value
$19.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$19.0M
WAREHOUSE, STORAGE 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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Lot
8.11 ac
Current owner
From public records · entity-resolved
Cicf II Cab LLC
Entity
Mailing address
2151 MICHELSON DR STE #282, IRVINE, CA 92612-1374
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
Oct 30, 2025
—
Cicf II Cab LLC
Ctcf II Ca1bo1 B03 LLC
Grant Deed
$166,800,000 · The Guardian Life Insurance Co
Dec 20, 2018
—
Cicf II-ca1b01-b03 LLC
—
Grant Deed
related
$143,600,000 · Miscellaneous Ins Co
Oct 10, 2018
$73,000,000
Cicf II-ca1b01-b03 LLC
Interchange Busn Ctr LLC
Grant Deed
—
Dec 1, 2010
—
Ct/bh Interchange LLC
Ibc Industrial Properties LLC
Grant Deed
$21,500,000 · Pccp Capital I LLC
Oct 6, 2010
$1,805,735
Ibc Industrial Properties LLC
First American Title Ins
Trustees Deed
related
—
Apr 21, 2008
—
Sp4 Interchange E LP
Hsb I-215 LP
Grant Deed
$47,000,000 · Ing USA Annuity & Life Insurance Co
—
—
Ct Of Bh Interchange LLC
—
Deed Of Trust
related
—
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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