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Property profile & analytics
OFF-MARKET
Estimated value
$4,415,000
Drug stores
4120 Phelan Rd Phelan, CA 92371-3904
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US10-0968247
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2017
Construction
WOOD FRAME
Total area
17,215 SF
Lot
1.78 ac (77,628 SF)
APN
3066-121-65-0000
UPID
US10-0968247
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
-
Rite Aid Pharmacy
-
T-Bird Bar & Pub Nightclub
-
CDReload - Online Bitcoin ATM Crypto Atm Atm
-
LibertyX Bitcoin ATM Atm
-
Coinhub Bitcoin ATM Teller Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.18M
CAP Approach
CAP
$3.80M
Comparable Approach
Comparable
$6.12M
Blend (final)
Blend
$4.42M
Owner & transaction history
Niki Holdings LP · 4 yrs held
Niki Holdings LP
since 2021
Last sale
$4.3M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.9M
+54.8%
Auto repair, garage
$5.2M
+37.0%
Medical building
$5.0M
+30.2%
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
$5,075,000
ML approach
$5,180,000
CAP Approach
CAP Return
Estimation
6%
$4,115,000
6.5%
$3,795,000
7%
$3,525,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,825,000
Current use
COMMERCIAL (GENERAL)
$5,920,000
Change: +55% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,240,000
Change: +37% · Conversion: Difficult
MEDICAL BUILDING
$4,980,000
Change: +30% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,635,000
Change: +21% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$4,595,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$4.42M
Range $3.97M – $4.86M · ±10% · vs last sale $4.33M (Aug 2 2021)
Last sale anchor
$4.33M
Aug 2 2021
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
$256 / 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
$73,316
Tax year 2023
Assessed value
$6,658,560
Assessed 2024
Previous assessed
$6,528,000
+2.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$2,392,920
Assessed improvement
$4,265,640
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2017
Construction
WOOD FRAME
Heating
NONE
Stories
1
Units
1
Total area
17,215 SF
Lot
1.78 ac (77,628 SF)
APN
3066-121-65-0000
UPID
US10-0968247
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
RETAIL STORES Current
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$5.9M
AUTO REPAIR, GARAGE
Est. value
$5.2M
MEDICAL BUILDING
Est. value
$5.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.6M
INDUSTRIAL (GENERAL)
Est. value
$4.6M
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
2017
Construction
WOOD FRAME
Heating
NONE
Stories
1
Units
1
Lot
1.78 ac
Current owner
From public records · entity-resolved
Niki Holdings LP
Entity
Mailing address
PO BOX 3165, HARRISBURG, PA 17105-3165
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2021
—
Niki Pa Investors LLC
—
Deed
related
$281,645,000 · Great Southern Bank
Aug 2, 2021
$4,333,500
Niki Holdings LP
Thrifty Payless INC
Grant Deed
—
Jan 8, 2008
—
Thrifty Payless INC
Warshawsky Harry Trust
Grant Deed
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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