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Property profile & analytics
OFF-MARKET
Estimated value
$4,135,000
Office Spaces
412 Vanderbilt Way San Bernardino, CA 92408-3552
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US10-1214414
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,962 SF
Lot
0.19 ac (8,364 SF)
APN
0281-341-22-0000
UPID
US10-1214414
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
-
Design West Engineering Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.48M
Comparable Approach
Comparable
$3.93M
Blend (final)
Blend
$4.14M
Owner & transaction history
Mgrc Properties LLC · 6 yrs held
Mgrc Properties LLC
since 2019
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 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%
$4,855,000
6.5%
$4,480,000
7%
$4,160,000
Alternative Use
Use
Estimation
RESTAURANT
$6,520,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$4.14M
Range $3.72M – $4.55M · ±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
$259 / 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
$26,382
Tax year 2023
Assessed value
$2,165,849
Assessed 2024
Previous assessed
$2,123,381
+2.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$262,690
Assessed improvement
$1,903,159
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Units
1
Total area
15,962 SF
Lot
0.19 ac (8,364 SF)
APN
0281-341-22-0000
UPID
US10-1214414
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
RESTAURANT
Est. value
$6.5M
RESTAURANT
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Units
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Mgrc Properties LLC
Entity
Mailing address
412 E VANDERBILT WAY, SAN BERNARDINO, CA 92408-3552
Ownership since
2019
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 16, 2019
—
Mgrc Properties LLC
—
Deed
related
$1,218,500 · American Busn Bk
Oct 11, 2019
$2,020,000
Mgrc Properties LLC
Vna Hospice And Palliative Care Of
Grant Deed
$1,218,500 · American Business Bank
Jul 7, 2016
—
Vna Hospice & Palliative Care
—
Deed
related
$5,000,000 · Us Bk
Jul 14, 2006
—
Visiting Nurse Assn & Hospice Of So
Summit At Tri Cities LLC
Grant Deed
$2,115,000 · Pff Bank & Trust
—
—
Mgrc Properties LLC
—
Deed Of Trust
related
$1,218,500 · American Busn Bk
—
—
Nurse Assn Visiting
—
Deed Of Trust
related
$515,812 · Pff Bank & Trust
—
—
Vna Hospice & Palliative Care
—
Loan Modification
related
$5,000,000 · Us Bk
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
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