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Property profile & analytics
OFF-MARKET
Estimated value
$4,685,000
Warehouses
5401 Rte 66, Needles, CA 92363-4042
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0831970
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2001
Construction
STEEL FRAME
Total area
46,400 SF
Lot
21.61 ac (941,331 SF)
APN
0660-171-13-0000
UPID
US10-0831970
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
$5.11M
CAP Approach
CAP
$6.24M
Comparable Approach
Comparable
$5.31M
Blend (final)
Blend
$4.69M
Owner & transaction history
Storwise Needles LLC · 5 yrs held
Storwise Needles LLC
since 2021
Last sale
$3.4M
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 Needles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Needles 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
$4,650,000
ML approach
$5,110,000
CAP Approach
CAP Return
Estimation
6%
$6,755,000
6.5%
$6,235,000
7%
$5,790,000
Blend value · Realmo final
$4.69M
Range $4.22M – $5.15M · ±10% · vs last sale $3.40M (Jun 1 2021)
Last sale anchor
$3.40M
Jun 1 2021
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
$101 / 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
$38,801
Tax year 2024
Assessed value
$3,608,107
Assessed 2024
Previous assessed
$3,608,107
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$2,546,899
Assessed improvement
$1,061,208
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2001
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
152
Total area
46,400 SF
Lot
21.61 ac (941,331 SF)
APN
0660-171-13-0000
UPID
US10-0831970
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
2001
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
152
Lot
21.61 ac
Current owner
From public records · entity-resolved
Storwise Needles LLC
Entity
Mailing address
31225 LA BAYA DR STE #206, WESTLAKE VILLAGE, CA 91362-6326
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Jul 29, 2021
—
Storwise Needles LLC
—
Deed
related
$1,192,000 · So Cal Cdc
Jun 1, 2021
$3,400,000
Storwise Needles LLC
Corrigan National Strategies
Grant Deed
$1,715,000 · Pacific Premier Bank
Jul 10, 1995
$18,000
Corrigan Navigational Strategi
Lambert,james R
Trustees Deed
—
Jul 10, 1995
$153,000
Corrigan Navigational Strategi
Highway 95 Associates
Trustees Deed
$142,700 · Seller
Feb 28, 1990
$90,000
Highway 95 Assoc
Commercial Natl
Grant Deed
—
Oct 25, 1989
$395,864
Commercial Natl
Del Rio Auto Cen
Trustees Deed
related
—
—
—
Corrigan Navigational Strategi
—
Deed Of Trust
related
$50,000 · National Bk/az
—
—
Corrigan Navigational Strategi
—
Loan Modification
related
$350,000 · National Bk/az
—
—
Navigational Strategi Corrigan
—
Deed Of Trust
related
$350,000 · Stockmen's 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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