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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    402 Redlands Blvd Redlands, CA 92373-5227

    • Grocery and convenience stores
    • 2,064 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimations
    $440,000
    Show details
    Cap Rate Potential
    7.8%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US10-1462932
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • KB Korner Liquor / Liquor Store

    Property Details for 402 Redlands Blvd

    Year built
    1940
    Construction
    WOOD FRAME
    Lot size
    0.06 lot acres
    Property size
    2,064 SF
    Property type
    Grocery and convenience stores
    APN
    0171-081-10-0000
    APU
    171081100000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $380,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $495,000
      6.5%
      $455,000
      7%
      $425,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $471,000
      Market price range: $235k - $734k
      AI Estimate
      $306,000
      Market price range: $116k - $462k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $460,000
      Current use
      AUTO REPAIR, GARAGE
      $630,000
      Change: +37% Conversion: Difficult
      MEDICAL BUILDING
      $595,000
      Change: +30% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $555,000
      Change: +21% Conversion: Moderate
      WAREHOUSE, STORAGE
      $525,000
      Change: +15% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Redlands
    County
    San Bernardino
    State
    California
    Longitude
    -117.178
    Latitude
    34.057
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,488
    $95,593
    $367,879
    $463,472
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $580,000
      16,280 SF

      705 Cypress Ave

      GROCERY, SUPERMARKET • 16,280 SF
      705 Cypress Ave, Redlands, CA 92373-5848
      View Details
    • Value Estimation
      $665,000
      1,960 SF

      530 Olive Ave

      GROCERY, SUPERMARKET • 1,960 SF
      530 Olive Ave, Redlands, CA 92373-5166
      View Details
    • Value Estimation
      $405,000
      1,559 SF

      539 Redlands Blvd

      CONVENIENCE STORE (W/FUEL PUMP) • 1,559 SF
      539 Redlands Blvd, Redlands, CA 92373-5228
      View Details
    • Value Estimation
      $415,000
      984 SF

      1195 Redlands Blvd

      CONVENIENCE STORE • 984 SF
      1195 Redlands Blvd, Redlands, CA 92373-8015
      View Details
    • Value Estimation
      $455,000
      1,568 SF

      201 Redlands Blvd

      CONVENIENCE STORE (W/FUEL PUMP) • 1,568 SF
      201 Redlands Blvd, Redlands, CA 92373-5222
      View Details
    • Value Estimation by Request

      472 Redlands Blvd

      FINANCIAL BUILDING
      472 Redlands Blvd, Loma Linda, CA 92373
      View Details

    Similar Nearby for Sale

    • $90,000

      Vintage Airstream Ice-Cream Trailer

      Turnkey 1952 Airstream trailer, permitted for ice-cream sales.
      824 Cajon St, Redlands, CA 92373
      View Details
    • $1,700,000
      4,106 SF

      Downtown Redlands Retail Investment Property

      Retail investment property in historic downtown Redlands with three rental units.
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    • New
      $650,000
      1,043 SF

      Redlands Retail/Office Space For Sale

      Retail or office space in downtown Redlands with expansion potential.
      414 E Redlands Blvd, Redlands, CA 92373
      View Details
    • Contact for pricing
      39,259 SF

      Redlands Neighborhood Center Retail Space

      Retail spaces available in a well-maintained, busy neighborhood center.
      1502-1580 Barton Rd, Redlands, CA 92373
      View Details
    • Contact for pricing
      9,850 SF

      Downtown Redlands Office Space

      Historic Mason Lodge Office Suite
      131 St Unit 13, Redlands, CA 92373
      View Details
    • Contact for pricing
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      Redlands Office Suite - Downtown

      Prime Redlands office space, 4661 sq ft.
      127 St Unit 202, Redlands, CA 92373
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,689 SF

      Retail Space Available in Redlands

      Retail space for lease near major retailers in Redlands.
      2068 W Redlands Blvd, Redlands, CA 92373
      View Details
    • $18 SF/Yr
      21,750 SF

      Redlands Blvd Retail Space Available

      Prime Retail Box, High Traffic Area
      1678 Redlands Blvd, Redlands, CA 92373
      View Details
    • $30 SF/Yr
      2,251 SF

      Redlands Retail Space Available

      High-traffic retail shops, prime location.
      1615 Redlands Blvd, Redlands, CA 92373
      View Details
    • Contact for pricing
      62,999 SF

      Redlands Retail Space Available

      Prime Redlands location, multiple suites, various sizes.
      0 State & 3, Redlands, CA 92373
      View Details
    • $15 SF/Yr
      97,185 SF

      Citrus Village Plaza: Redlands Retail

      Redlands retail space, multiple units available.
      700 Redlands Blvd, Redlands, CA 92373
      View Details
    • Contact for pricing
      15,900 SF

      Redlands Flex Space Available

      Flex space available for rent in Redlands, California.
      450 Kansas St, Redlands, CA 92373
      View Details
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    402 Redlands Blvd
    Redlands, CA 92373-5227
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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