Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    668 Redlands Blvd Redlands, CA 92373
    Back to Search
    Property profile & analytics

    668 Redlands Blvd, Redlands, CA 92373

    View on Map
    • Mixed-use properties
    • 2,182 SF
    • 0.15 lot acres
    Off-Market
    Property ID
    US10-0949852
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pur Grace Day Spa / Spa & Massage Center

    Property Details for 668 Redlands Blvd

    Year built
    1946
    Lot size
    0.15 lot acres
    Property type
    Mixed-use properties

    Description

    This exceptional mixed-use property at 668 Redlands Boulevard in Downtown Redlands, California, presents a unique investment opportunity. Spanning 2,182 square feet on a 0.15-acre lot, this building offers high visibility and accessibility due to its strategic location on the bustling E Redlands Boulevard. The interior is thoughtfully designed to accommodate a variety of uses. Currently configured with three office spaces and a day spa, the layout is adaptable to suit diverse business needs. The main building provides ample space for professional offices or similar businesses. A significant advantage is the generously sized storage unit located at the rear of the property. This separate area, effectively functioning as a second unit, offers substantial additional space ideal for storage, workshops, or even a secondary business operation. Priced at $995,000, this property represents a compelling investment in the thriving Redlands business community. Its central location in Downtown Redlands ensures convenient access to amenities and high foot traffic, making it an attractive proposition for both entrepreneurs and seasoned investors seeking a blend of functionality and prime real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Redlands
    County
    San Bernardino
    State
    California
    Longitude
    -117.1745
    Latitude
    34.05357

    Comparable in this City

    • Contact for pricing

      Mixed-Use Property in Redlands

      Mixed-use property available for sale in Redlands, California.
      461 Tennessee St, Redlands, CA 92373
      View Details
    • $499,000
      185,130.00 Acres

      Redlands Land with Development Potential

      Rare 4.25-acre lot ideal for custom home or development.
      Live Oak Canyon Rd, Redlands, CA 92373
      View Details
    • $99,000
      22,100.00 Acres

      Residential Land in Redlands, CA

      Vacant lot in Redlands, CA, ideal for building a home.
      848 W Sunset Dr, Redlands, CA 92373
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mixed-Use Property in Redlands

      Mixed-use property available for sale in Redlands, California.
      461 Tennessee St, Redlands, CA 92373
      View Details
    • $499,000
      185,130.00 Acres

      Redlands Land with Development Potential

      Rare 4.25-acre lot ideal for custom home or development.
      Live Oak Canyon Rd, Redlands, CA 92373
      View Details
    • $99,000
      22,100.00 Acres

      Residential Land in Redlands, CA

      Vacant lot in Redlands, CA, ideal for building a home.
      848 W Sunset Dr, Redlands, CA 92373
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      14,451 SF

      Freestanding Building for Lease

      14,451 SF freestanding building available for lease.
      410 Business Center Ct, Redlands, CA 92373
      View Details
    • $1,990 /Mo

      Office Space Above Visitor Center

      Office space for rent with included utilities and security.
      14 N 5Th St, Redlands, CA 92373
      View Details
    • Contact for pricing

      Redlands Manufacturing/Industrial Space Available

      Manufacturing/Industrial property available for rent in Redlands, California.
      301 Tennessee St, Redlands, CA 92373
      View Details
    • Contact for pricing
      20,400 SF

      Redlands Warehouse Space Available

      20,400 sqft warehouse space for lease in Redlands.
      1645 W Park Ave, Redlands, CA 92373
      View Details

    Property Visit Statistics

    • Visits by month
      21.8k
    • Visitors by month
      15.4k
    • Avg Time on site
      13 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    668 Redlands Blvd
    Redlands, CA 92373
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    668 Redlands Blvd, Redlands, CA, 92373
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!