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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    700 New York St Redlands, CA 92374-2921

    • Flex space
    • 9,600 SF
    • 1.18 lot acres
    OFF-MARKET
    Last Sale
    Jan 04, 2023
    $4,325,000
    Value Estimations
    $4,440,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0947335
    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.

    Current Use by Public Records

    • Mobile Aire Inc / Hardware & Home Improvement / HVAC Service
    • Pacific Acoustics-Big Box Retail/Industrial Ceiling Cleaning/Restoration & High Dusting Nationwide / Construction Company / General Contractor
    • Pacific Acoustics / Commercial Cleaning Service
    • HVACPARTSOURCE.COM / Building Supply / HVAC Service

    Property Details for 700 New York St

    Year built
    1963
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.18 lot acres
    Property size
    9,600 SF
    Property type
    Flex space
    APN
    0169-121-13-0000
    APU
    169121130000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,560,000
      ML approach
      $4,545,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,729,000
      Market price range: $1.49M - $2.73M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $4,510,000
      OFFICE BUILDING
      $4,175,000
      COMMERCIAL (GENERAL)
      $3,055,000
      AUTO REPAIR, GARAGE
      $2,925,000
      MEDICAL BUILDING
      $2,780,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Redlands
    County
    San Bernardino
    State
    California
    Longitude
    -117.195
    Latitude
    34.0618
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $53,150
    $1,581,000
    $2,932,500
    $4,513,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.73 Acres

      11th St

      LIGHT INDUSTRIAL • 0.73 Acres
      11th St, Redlands, CA 92374
      View Details
    • Value Estimation
      $6,165,000
      44,294 SF

      1700 Colton Ave

      LIGHT INDUSTRIAL • 44,294 SF
      1700 Colton Ave, Redlands, CA 92374-4901
      View Details
    • Value Estimation by Request
      1,222 SF

      1710 Sessums Dr

      LIGHT INDUSTRIAL • 1,222 SF
      1710 Sessums Dr, Redlands, CA 92374-1909
      View Details
    • Value Estimation
      $1,425,000
      15,958 SF

      512 3rd St

      LIGHT INDUSTRIAL • 15,958 SF
      512 3rd St, Redlands, CA 92374-3227
      View Details
    • Value Estimation
      $975,000
      0.69 Acres

      601 Lawton St

      LIGHT INDUSTRIAL • 0.69 Acres
      601 Lawton St, Redlands, CA 92374-3012
      View Details
    • Value Estimation by Request
      2,169 SF

      300 Stuart Ave

      LIGHT INDUSTRIAL • 2,169 SF
      300 Stuart Ave, Redlands, CA 92374-4455
      View Details

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      Industrial Buildings on Improved Land

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      Redlands Commercial Property with Warehouse

      Commercial property featuring office/residential space and warehouse.
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      Redlands Residential Development Opportunity

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    Similar Nearby for Lease

    • Contact for pricing
      1,237 SF

      Redlands Flex Space For Lease

      1,237 SF Flex/Warehouse in Redlands, CA
      922 New York St, Redlands, CA 92374
      View Details
    • Contact for pricing
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      Redlands Freestanding Warehouse Sublease Opportunity

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      208,000 SF

      Redlands Distribution Warehouse Available Immediately

      208,000 SF distribution warehouse with immediate availability in Redlands, CA.
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      360,800 SF

      Redlands Warehouse and Distribution Space

      Large industrial building with office space and ample trailer parking.
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    • Contact for pricing
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      Redlands Distribution Center with Yard

      Large industrial space with office, dock doors, and secured yard.
      9712 Almond Ave, Redlands, CA 92374
      View Details
    • $11 SF/Yr
      32,833 SF

      Redlands Industrial Space For Lease

      Large Manufacturing/Distribution Facility Available
      1135 Research Dr, Redlands, CA 92374
      View Details
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    700 New York St
    Redlands, CA 92374-2921
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    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
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