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Property profile & analytics
OFF-MARKET
Estimated value
$1,790,000
Office Spaces
367 2nd Ave Upland, CA 91786-6006
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US10-1461439
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,965 SF
Lot
0.11 ac (4,900 SF)
APN
1046-392-09-0000
UPID
US10-1461439
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
-
Brian Chen Physician
-
Estelle & Kennedy, A Professional Law Corporation Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.32M
CAP Approach
CAP
$1.41M
Comparable Approach
Comparable
$1.76M
Blend (final)
Blend
$1.79M
Owner & transaction history
367 N 2 Nd Avenue LLC · 6 yrs held
367 N 2 Nd Avenue LLC
since 2020
Last sale
$1.5M
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 Upland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Upland 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
$2,260,000
ML approach
$2,315,000
CAP Approach
CAP Return
Estimation
6%
$1,525,000
6.5%
$1,410,000
7%
$1,305,000
Blend value · Realmo final
$1.79M
Range $1.61M – $1.97M · ±10% · vs last sale $1.50M (Apr 16 2020)
Last sale anchor
$1.50M
Apr 16 2020
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
$361 / 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
$16,998
Tax year 2023
Assessed value
$1,608,302
Assessed 2024
Previous assessed
$1,576,767
+2.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$131,344
Assessed improvement
$1,476,958
Applied tax rate
8.0000
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
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Units
1
Total area
4,965 SF
Lot
0.11 ac (4,900 SF)
APN
1046-392-09-0000
UPID
US10-1461439
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
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Units
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
367 N 2 Nd Avenue LLC
Entity
Mailing address
10808 FOOTHILL BLVD #858, RANCHO CUCAMONGA, CA 91730-3889
Ownership since
2020
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
May 13, 2020
—
367 N 2nd Avenue LLC
—
Deed
related
$619,000 · Cdc Small Busn Fin
Apr 16, 2020
$1,500,000
367 N 2 Nd Avenue LLC
Alasba LLC
Grant Deed
$750,000 · Citibank NA
Oct 24, 2018
$1,200,000
Alasba LLC
Medical R/e Ptrs 4 LLC
Grant Deed
—
Feb 20, 2014
$1,100,000
Medical Real Estate Partners 4 LLC
Dieter Carlos Dammeier
Grant Deed
$935,000 · First Citizens Bank & Trust Co
Nov 10, 2008
—
Dammeier Family Trust
Dammeier,dieter C
Quit Claim Deed
related
—
Jun 16, 2006
—
Dieter Dammeier
Dieter Dammeier
Intrafamily Transfer
related
$450,000 · Wells Fargo Bank NA
Jun 1, 2006
$200,000
Dieter Dammeier
Lackie,michael
Grant Deed
—
Oct 17, 2001
$291,000
Michael Lackie
Trudgeon,jeffrey C
Grant Deed
$181,000 · Jeffrey C Trudgeon
—
—
367 N 2nd Avenue LLC
—
Deed Of Trust
related
$619,000 · Cdc Small Busn Fin
—
—
367 N 2nd Avenue LLC
—
Deed Of Trust
related
$750,000 · Citibank
—
—
Trudegeon Jeffre
—
Deed Of Trust
related
—
—
—
Trudegeon Jeffre
—
Deed Of Trust
related
$75,000 · Chino Valley Bank
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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