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Property profile & analytics
OFF-MARKET
Estimated value
$1,920,000
Retail space
4382 Phelan Rd Phelan, CA 92371
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US10-0997571
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2017
Construction
WOOD FRAME
Total area
9,015 SF
Lot
1.86 ac (81,118 SF)
APN
3066-121-51-0000
UPID
US10-0997571
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
-
FedEx OnSite Postal Service Courier Service
-
Dollar General Discount Store
-
Western Union Bank Credit Union
-
Redbox Cinema (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.99M
Comparable Approach
Comparable
$1.98M
Blend (final)
Blend
$1.92M
Owner & transaction history
Garden View Property LLC · 8 yrs held
Garden View Property LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.1M
+54.8%
Auto repair, garage
$2.7M
+37.0%
Medical building
$2.6M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,155,000
6.5%
$1,990,000
7%
$1,845,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,005,000
Current use
COMMERCIAL (GENERAL)
$3,100,000
Change: +55% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,745,000
Change: +37% · Conversion: Difficult
MEDICAL BUILDING
$2,610,000
Change: +30% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,425,000
Change: +21% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,405,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$1.92M
Range $1.73M – $2.11M · ±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
$213 / 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
$28,931
Tax year 2023
Assessed value
$2,682,825
Assessed 2024
Previous assessed
$2,630,220
+2.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$317,924
Assessed improvement
$2,364,901
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2017
Construction
WOOD FRAME
Heating
NONE
Units
1
Total area
9,015 SF
Lot
1.86 ac (81,118 SF)
APN
3066-121-51-0000
UPID
US10-0997571
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
$2.0M
COMMERCIAL (GENERAL)
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$2.4M
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
Units
1
Lot
1.86 ac
Current owner
From public records · entity-resolved
Garden View Property LLC
Entity
Mailing address
761 CHANTECLER DR, FREMONT, CA 94539-4915
Ownership since
2017
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
Oct 17, 2017
$2,405,000
Garden View Property LLC
Simoncre Alpha V LLC
Grant Deed
—
Dec 8, 2016
$285,000
Simoncre Alpha V LLC
Nicholas Nak Kyun Im
Grant Deed
$1,557,490 · Western Alliance Bank
Oct 21, 2011
$100,000
Nicholas N Im
Snowball Dev INC
Grant Deed
—
Oct 21, 2011
—
Nicholas N Im
Im,kyung R
Quit Claim Deed
related
—
Jul 23, 2009
—
Snowball Dev INC
Corporation Services INC
Trustees Deed
related
—
Jan 18, 2007
$636,000
Central R E Investment INC
Noah Land INC
Grant Deed
—
Jun 27, 2005
$177,500
Noah Land INC
Gant,kernol & Roberta
Quit Claim Deed
—
Nov 14, 1995
—
Ents Westshore
Gant,frank Etux
Grant Deed
related
—
—
—
Central R E Investment INC
—
Deed Of Trust
related
$150,000 · Dong W Lee
—
—
Central R E Investments INC
—
Deed Of Trust
related
$500,000 · Snowball Dev INC
—
—
Central Re Investment INC
—
Deed Of Trust
related
$100,000 · Eun Y Hur
—
—
Nicholas N Im
—
Deed Of Trust
related
$150,000 · Snowball Dev INC
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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