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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Warehouses
440 Caroline St San Bernardino, CA 92408-3703
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-1074427
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1982
Construction
WOOD FRAME
Total area
2,520 SF
Lot
0.5 ac (21,600 SF)
APN
0283-011-30-0000
UPID
US10-1074427
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
$395k
CAP Approach
CAP
$420k
Comparable Approach
Comparable
$678k
Blend (final)
Blend
$545k
Owner & transaction history
William Salazar · 1 yrs held
William Salazar
since 2025
Last sale
$748,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$730,000
+57.7%
Commercial (general)
$720,000
+55.8%
Neighborhood: shopping center
$680,000
+46.7%
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
$395,000
CAP Approach
CAP Return
Estimation
6%
$455,000
6.5%
$420,000
7%
$390,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$460,000
Current use
MEDICAL BUILDING
$730,000
Change: +58% · Conversion: Difficult
COMMERCIAL (GENERAL)
$720,000
Change: +56% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$680,000
Change: +47% · Conversion: Moderate
AUTO REPAIR, GARAGE
$505,000
Change: +9% · Conversion: Easy
RETAIL STORES
$400,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $748k (Jan 1 2025)
Last sale anchor
$748k
Jan 1 2025
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
$216 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$4,805
Tax year 2024
Assessed value
$382,777
Assessed 2024
Previous assessed
$382,777
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$164,048
Assessed improvement
$218,729
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1982
Construction
WOOD FRAME
Heating
NONE
Units
1
Rooms
11
Bathrooms
3
Total area
2,520 SF
Lot
0.5 ac (21,600 SF)
APN
0283-011-30-0000
UPID
US10-1074427
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
WAREHOUSE, STORAGE Current
Est. value
$460,000
MEDICAL BUILDING
Est. value
$730,000
COMMERCIAL (GENERAL)
Est. value
$720,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$680,000
AUTO REPAIR, GARAGE
Est. value
$505,000
RETAIL STORES
Est. value
$400,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
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
1982
Construction
WOOD FRAME
Heating
NONE
Units
1
Rooms
11
Bathrooms
3
Lot
0.5 ac
Current owner
From public records · entity-resolved
William Salazar
Individual
Mailing address
255 S EUREKA ST, REDLANDS, CA 92373-5112
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2025
$748,000
William Salazar
Dustin Herrmann
Grant Deed
$364,000 · Dustin Herrmann
Dec 30, 2020
—
Dustin Hermann
—
Deed
related
$350,000 · Brauer Stanley & Carol Tr (pt)
Jul 26, 2018
—
Quishenberry Family Trust
Randolph Family Living Trust
Quit Claim Deed
related
—
Jul 26, 2018
$350,000
Dustin Herrmann
Quishenberry Family Trust
Grant Deed
$250,000 · Quishenberry Family Trust (pt)
Apr 7, 2016
—
Quishenberry Family Trust
Quishenberry,philip M & Mary C
Quit Claim Deed
related
—
Feb 17, 2005
$287,500
Philip M Quishenberry
Quishenberry,philip M & Mary C
Grant Deed
related
—
Aug 27, 1992
—
Georgi Randolph
—
Deed Of Trust
related
—
—
—
Dustin Hermann
—
Deed Of Trust
related
$350,000 · Brauer Stanley & Carol Tr (pt)
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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