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Property profile & analytics
OFF-MARKET
Estimated value
$5,475,000
Outlet malls
424 Orange Show Rd San Bernardino, CA 92408-2030
Entity Owned
Absentee Owner
Free & Clear
Property ID
US10-1483587
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
30,000 SF
Lot
1.64 ac (71,335 SF)
APN
0141-261-18-0000
UPID
US10-1483587
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.48M
CAP Approach
CAP
$6.24M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.48M
Owner & transaction history
Realty Income Us Core Plus 2 LP
Realty Income Us Core Plus 2 LP
since 2026
Last sale
$5.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$8.7M
+81.8%
Commercial (general)
$8.6M
+79.7%
Neighborhood: shopping center
$8.1M
+69.2%
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 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
$5,475,000
ML approach
$5,475,000
CAP Approach
CAP Return
Estimation
6%
$6,760,000
6.5%
$6,240,000
7%
$5,795,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,775,000
Current use
MEDICAL BUILDING
$8,680,000
Change: +82% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,575,000
Change: +80% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$8,075,000
Change: +69% · Conversion: Moderate
AUTO REPAIR, GARAGE
$6,015,000
Change: +26% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,005,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$5.48M
Range $4.93M – $6.02M · ±10% · vs last sale $5.48M (Sep 5 2024)
Last sale anchor
$5.48M
Sep 5 2024
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
$183 / 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
$40,460
Tax year 2023
Assessed value
$2,193,000
Assessed 2024
Previous assessed
$2,193,000
+0.0% YoY
Effective rate
1.84%
On assessed value
Assessed land
$581,400
Assessed improvement
$1,611,600
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Units
1
Total area
30,000 SF
Lot
1.64 ac (71,335 SF)
APN
0141-261-18-0000
UPID
US10-1483587
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
$4.8M
MEDICAL BUILDING
Est. value
$8.7M
COMMERCIAL (GENERAL)
Est. value
$8.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.1M
AUTO REPAIR, GARAGE
Est. value
$6.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.0M
RETAIL STORES Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Units
1
Lot
1.64 ac
Current owner
From public records · entity-resolved
Realty Income Us Core Plus 2 LP
Entity
Free & Clear · 0 yrs held
Mailing address
2390 E CAMELBACK RD STE #305, PHOENIX, AZ 85016-3451
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2026
$18,950,000
Realty Income Us Core Plus 2 LP
Vwp Orange Show LLC
Grant Deed
—
Sep 5, 2024
—
Vwp Orange Show LLC
Vwp Orange Show LLC
Intrafamily Transfer
related
—
Aug 26, 2024
—
Vwp Orange Show LLC
—
Deed
related
$9,565,000 · Wintrust Bank NA
Mar 26, 2024
$5,475,000
Vwp Orange Show LLC
Os Palace LLC
Grant Deed
—
Jan 31, 2023
—
Os Palace LLC
Trinity Pacific Lending LLC
Quit Claim Deed
related
—
Jan 12, 2023
$1,950,110
Trinity Pacific Lending LLC
Pinzhi Zhang
Trustees Deed
related
—
Sep 16, 2021
$3,200,000
Pinzhi Zhang
Sinh Van Nguyen
Grant Deed
$2,100,000 · Trinity Pacific Lending LLC
Apr 20, 2000
$450,000
Sinh V Nguyen
Benequity Properties
Grant Deed
$270,000 · Bank Of America Community Dev
—
—
Sinh Nguyen
—
Deed Of Trust
related
$140,000 · Southland Economic Dev Corp
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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