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Property profile & analytics
FOR LEASE
Community centers
3936 Phelan Rd Unit B16 -18 Phelan, CA 92371
Trust Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0968317
For Lease
1 / 24
$4,510,000
3936 Phelan Rd,Unit Unit B16 -18, Phelan, CA 92371
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Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1993
Construction
WOOD FRAME
Total area
37,358 SF
Lot
5.64 ac (245,678 SF)
APN
3066-081-25-0000
UPID
US10-0968317
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
-
J&D's T-Bird Bar & Pub
-
Phelan Towne Square Grocery & Convenience Store Food Market
-
Heritage Victor Valley Medical Group: Phelan Clinic Medical Clinic
-
Pizza Factory Restaurant
-
Michelle Marconnette DDS Inc Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.58M
Comparable Approach
Comparable
$2.80M
Blend (final)
Blend
$4.51M
Owner & transaction history
Yoo,jeong D & K J Living Trust · 11 yrs held
Yoo,jeong D & K J Living Trust
since 2014
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 Phelan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Phelan 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%
$6,040,000
6.5%
$5,575,000
7%
$5,175,000
Blend value · Realmo final
$4.51M
Range $4.06M – $4.96M · ±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
$121 / 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
$64,035
Tax year 2023
Assessed value
$6,024,100
Assessed 2024
Previous assessed
$5,792,400
+4.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$1,204,700
Assessed improvement
$4,819,400
Applied tax rate
101.0000
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1993
Construction
WOOD FRAME
Heating
NONE
Stories
1
Units
21
Total area
37,358 SF
Lot
5.64 ac (245,678 SF)
APN
3066-081-25-0000
UPID
US10-0968317
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
1993
Construction
WOOD FRAME
Heating
NONE
Stories
1
Units
21
Lot
5.64 ac
Current owner
From public records · entity-resolved
Yoo,jeong D & K J Living Trust
Trust
Mailing address
2308 W CANOPY LN, ANAHEIM, CA 92801-5150
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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 30, 2014
—
Yoo,jeong D & K J Living Trust
Ha & Yoo Ents INC
Quit Claim Deed
related
—
Feb 23, 2007
—
Kevin D Anderson
Anderson,leslie
Quit Claim Deed
related
—
Feb 23, 2007
$6,300,000
Ha & Yoo Enterprise INC
Phelan Town Square INC
Grant Deed
$3,780,000 · Luther Burbank Savings
Nov 29, 2005
$250,000
Phelan Town Square INC
Anderson Family Trust
Quit Claim Deed
related
—
Aug 7, 1996
—
Sce
Anderson,deloy J Etal
Grant Deed
related
—
Dec 28, 1995
—
Sce
Sou States Rlty,
Grant Deed
related
—
Dec 27, 1995
$697,000
Tuffli Trust
Southern California Edison Co
Trustees Deed
—
Dec 27, 1995
—
Sce
Sou States Rlty,
Trustees Deed
related
—
—
—
Anderson Trust
—
Deed Of Trust
related
$191,000 · Citizens Business Bank
—
—
Anderson Trust
—
Deed Of Trust
related
$2,100,000 · Desert Community Bank
—
—
Ha & Yoo Ent INC
—
Deed Of Trust
related
$3,800,000 · Hanmi Bank
—
—
Anderson Trust
—
Deed Of Trust
related
$300,000 · High Desert National 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.
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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