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Property profile & analytics
OFF-MARKET
Distribution centers
531 Central Ave San Bernardino, CA 92408-2313
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-1739951
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2023
Construction
WOOD FRAME
Total area
1,635 SF
Lot
20.14 ac (877,396 SF)
APN
0280-151-29-0000
UPID
US10-1739951
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
-
Ecolab Warehouse & Storage
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
Central Avenue Property Owner LLC · 3 yrs held
Central Avenue Property Owner LLC
since 2023
Last sale
$121.1M
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 2024Property tax & assessments
Tax year 2024
Tax billed
$1,544,175
Tax year 2024
Assessed value
$123,500,660
Assessed 2024
Previous assessed
$123,500,660
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$50,060,660
Assessed improvement
$73,440,000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2023
Construction
WOOD FRAME
Heating
CENTRAL
Stories
1
Rooms
7
Bathrooms
2
Total area
1,635 SF
Lot
20.14 ac (877,396 SF)
APN
0280-151-29-0000
UPID
US10-1739951
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
2023
Construction
WOOD FRAME
Heating
CENTRAL
Stories
1
Rooms
7
Bathrooms
2
Lot
20.14 ac
Current owner
From public records · entity-resolved
Central Avenue Property Owner LLC
Entity
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2024
—
Owner LLC
—
Deed
related
$475,000,000 · Truist Bank
Apr 27, 2023
$121,079,500
Central Avenue Property Owner LLC
Central Commerce Center LLC
Grant Deed
$475,000,000 · Truist Bank
Sep 24, 2021
—
Central Commerce Center LLC
—
Deed
related
$66,743,490 · Bank Of The West
Feb 19, 2021
$3,100,000
Central Commerce Center LLC
Thomas R Bernacchi
Grant Deed
—
Sep 23, 2011
—
Bernacchi Family Trust
Bernacchi,thomas R & Patricia M
Quit Claim Deed
related
—
Oct 20, 2008
$111,500
Thomas R Bernacchi
Deutsche Bk Natl 2007-nc2
Grant Deed
—
Feb 12, 2008
$290,921
Deutsche Bk Natl Trust 2007-nc2
Quality Loan Service Corp
Trustees Deed
related
—
Jul 28, 2006
—
Trang Thi Nguyen Diem
Hue Thanh Nguyen
Intrafamily Transfer
related
$352,000 · New Century Mortgage Corp
Nov 24, 2004
$268,000
Hue T Nguyen
Ibarrola,leonito & Cora
Grant Deed
$214,400 · Professional Mortgage INC
Jul 29, 2003
—
Leonito Ibarrola
Ibarrola,leonito & Cora
Quit Claim Deed
related
$139,500 · Fremont Investment & Loan
Jun 9, 1997
$90,000
Leonito Ibarrola
Ameriquest Mortgage Corp
Grant Deed
$89,787 · Wholesale Capital Corp
Apr 1, 1997
$72,195
Long Beach Mortgage Co
Oyola,agustn & Elvira
Trustees Deed
related
—
May 18, 1990
$105,000
Oyola Agustin
Andry Harold X
Grant Deed
—
—
—
Hue T Nguyen
—
Deed Of Trust
related
$40,000 · Danthao T Doan
—
—
Oyola Agustin
—
Deed Of Trust
related
$45,000 · Reliable Mortgage Corp
—
—
Leonito E Ibarrola
—
Deed Of Trust
related
$124,200 · Homeowners Loan Corp
—
—
Agustin Oyola
—
Deed Of Trust
related
$67,500 · Long Beach Mortgage Co
—
—
Hue T Nguyen
—
Deed Of Trust
related
$10,000 · Minh Q Nguyen
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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