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Property profile & analytics
OFF-MARKET
Estimated value
$10,900,000
Warehouses
550 40th St San Bernardino, CA 92407-3502
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-1523635
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
91,465 SF
Lot
4.19 ac (182,516 SF)
APN
0271-011-11-0000
UPID
US10-1523635
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
-
SecurCare Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.90M
Owner & transaction history
Nsa Property Holding LLC · 3 yrs held
Nsa Property Holding LLC
since 2023
Last sale
$10.0M
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
Method
Estimation
Statistic approach
$12,245,000
ML approach
$11,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$16,830,000
Current use
Blend value · Realmo final
$10.90M
Range $9.81M – $11.99M · ±10% · vs last sale $10.00M (Jul 19 2023)
Last sale anchor
$10.00M
Jul 19 2023
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
$119 / 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
$124,247
Tax year 2024
Assessed value
$10,000,000
Assessed 2024
Previous assessed
$10,000,000
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$3,000,000
Assessed improvement
$7,000,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
600
Rooms
4
Bathrooms
1
Total area
91,465 SF
Lot
4.19 ac (182,516 SF)
APN
0271-011-11-0000
UPID
US10-1523635
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
$16.8M
WAREHOUSE, STORAGE Current
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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
600
Rooms
4
Bathrooms
1
Lot
4.19 ac
Current owner
From public records · entity-resolved
Nsa Property Holding LLC
Entity
Mailing address
8400 E PRENTICE AVE, GREENWOOD VILLAGE, CO 80111-2912
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2023
$10,000,000
Nsa Property Holding LLC
Gsc 40th Street LP
Grant Deed
—
Nov 17, 2020
—
Gsc 40th Street LP
—
Deed
related
$8,000,000 · The Bank Of Hemet
Oct 20, 2017
$7,877,000
Gsc 40th Street LP
Inland Self Storage Management
Grant Deed
$5,536,626 · Inland Self Storage Mgmt INC
Jun 21, 2016
$650,000
Inland Self Storage Management
Lupoid LLC
Grant Deed
—
Jun 7, 2010
—
Chehab Elaawar
Elaawar,maria B
Quit Claim Deed
—
Mar 22, 2005
—
Paul Wilson
Wilson,julie
Quit Claim Deed
related
—
Mar 22, 2005
$350,000
Chehab Elawar
Thompson,pamela H
Grant Deed
—
Aug 7, 1997
—
Sb Cy
Henck,j Putnam Etal
Grant Deed
related
—
Apr 25, 1997
—
J Putnam Henck
Henck,david
Quit Claim Deed
related
—
Sep 11, 1989
—
David Henck
San Bernardino C
Quit Claim Deed
related
—
Aug 25, 1989
$562,500
Piehler Charles
Henck David
Trustees Deed
—
—
—
Charles Piehler
—
Deed Of Trust
related
$250,000 · Henck David
—
—
Charles Piehler
—
Deed Of Trust
related
—
—
—
Chehab Elawar
—
Deed Of Trust
related
$250,000 · Putnam J & Henck Pamela Trust
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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