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Property profile & analytics
OFF-MARKET
Estimated value
$14,835,000
Distribution centers
704 Allen St San Bernardino, CA 92408-2210
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-1122775
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
77,809 SF
Lot
3.4 ac (148,104 SF)
APN
0136-401-67-0000
UPID
US10-1122775
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
-
Desser Tire & Rubber Auto Repair Shop Vehicle Inspection Center
-
Vin Portable Toilet Rentals Building Supply
-
William Wilson Dental Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.85M
CAP Approach
CAP
$13.31M
Comparable Approach
Comparable
$9.43M
Blend (final)
Blend
$14.84M
Owner & transaction history
Ci378 Allen Street LLC · 1 yrs held
Ci378 Allen Street LLC
since 2024
Last sale
$17.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$22.5M
+57.7%
Commercial (general)
$22.2M
+55.8%
Neighborhood: shopping center
$20.9M
+46.7%
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
$14,060,000
ML approach
$10,850,000
CAP Approach
CAP Return
Estimation
6%
$14,420,000
6.5%
$13,310,000
7%
$12,360,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$14,280,000
Current use
MEDICAL BUILDING
$22,510,000
Change: +58% · Conversion: Difficult
COMMERCIAL (GENERAL)
$22,245,000
Change: +56% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$20,945,000
Change: +47% · Conversion: Moderate
AUTO REPAIR, GARAGE
$15,605,000
Change: +9% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$15,570,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$14.84M
Range $13.35M – $16.32M · ±10% · vs last sale $17.62M (Aug 20 2024)
Last sale anchor
$17.62M
Aug 20 2024
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
$191 / 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
$174,565
Tax year 2024
Assessed value
$14,045,400
Assessed 2024
Previous assessed
$14,045,400
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$1,560,600
Assessed improvement
$12,484,800
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Units
2
Total area
77,809 SF
Lot
3.4 ac (148,104 SF)
APN
0136-401-67-0000
UPID
US10-1122775
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
$14.3M
MEDICAL BUILDING
Est. value
$22.5M
COMMERCIAL (GENERAL)
Est. value
$22.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$20.9M
AUTO REPAIR, GARAGE
Est. value
$15.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.6M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Units
2
Lot
3.4 ac
Current owner
From public records · entity-resolved
Ci378 Allen Street LLC
Entity
Mailing address
3347 MICHELSON DR STE #200, IRVINE, CA 92612-0687
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2024
$17,620,000
Ci378 Allen Street LLC
Lba Rvi Company Xlvi LLC
Grant Deed
$9,200,000 · The Lincoln National Life Insurance
Aug 11, 2021
$13,500,000
Lba Rvi Company Xlvi LLC
Riverside Lincoln LLC
Grant Deed
—
Jun 28, 2017
—
Riverside Lincoln LLC
—
Deed
related
$1,850,000 · Miscellaneous Ins Co
May 1, 2007
$5,525,000
Riverside Lincoln LLC
Leonard W E & B R Trust
Grant Deed
$1,907,100 · Leonard W E & B R Trust
Jan 6, 2006
—
Leonard W E Charitable
Leonard,w E & Barbara R
Quit Claim Deed
related
—
Aug 2, 2001
$3,200,000
Leonard Trust
Tustin Construction Com
Grant Deed
$600,000 · Tustin Construction Com
—
—
Riverside Lincoln LLC
—
Deed Of Trust
related
$1,985,000 · Riversource Life Insurance
—
—
Riverside Lincoln LLC
—
Loan Modification
related
$1,850,000 · Miscellaneous Ins Co
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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