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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
501 Waterman Ave San Bernardino, CA 92408-2327
Trust Owned
13-yr Hold
~
Est. High Equity
Property ID
US10-1214484
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2012
Construction
WOOD FRAME
Total area
2,940 SF
Lot
0.52 ac (22,558 SF)
APN
0136-393-07-0000
UPID
US10-1214484
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
-
Western Union Bank Credit Union
-
7-Eleven Grocery & Convenience Store
-
Amazon Locker - Corda Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hanelin 1988 Survivors Trust · 13 yrs held
Hanelin 1988 Survivors Trust
since 2012
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,308
Tax year 2023
Assessed value
$175,722
Assessed 2024
Previous assessed
$172,277
+2.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$80,586
Assessed improvement
$95,136
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2012
Construction
WOOD FRAME
Heating
NONE
Stories
1
Units
1
Total area
2,940 SF
Lot
0.52 ac (22,558 SF)
APN
0136-393-07-0000
UPID
US10-1214484
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
Building & site characteristics
From public records
Year built
2012
Construction
WOOD FRAME
Heating
NONE
Stories
1
Units
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Hanelin 1988 Survivors Trust
Trust
Mailing address
117 FOXTAIL DR, SANTA MONICA, CA 90402-2047
Ownership since
2012
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
Dec 21, 2012
$2,400,000
Hanelin 1988 Survivors Trust
Ree-charge Mill Street LLC
Grant Deed
—
Nov 29, 2011
—
Ree-charge Mill Street LLC
Screenland Dev Group LLC
Grant Deed
—
Jul 11, 2011
$440,000
Screenland Dev Group LLC
Miller,phillip K & Sally L
Grant Deed
—
Nov 15, 2002
$235,000
Phillip K Miller
Smith,tr
Grant Deed
$215,000 · Community National Bank
Dec 24, 1998
—
Thelma R Etal Kinnear
Kinnear,thelma R Etal
Quit Claim Deed
related
—
—
—
Ree-charge Mill Street LLC
—
Deed Of Trust
related
$1,100,000 · Screenland Dev Group LLC
—
—
Phillip K Miller
—
Deed Of Trust
related
$140,000 · American Security Bank
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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