Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    705 Cypress Ave Redlands, CA 92373-5848

    • Grocery and convenience stores
    • 16,280 SF
    • 1.84 lot acres
    OFF-MARKET
    Value Estimations
    $2,770,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0973144
    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

    • Gerrards Market / Grocery & Convenience Store / Food Market
    • Chris Crow / Real Estate Agency
    • Side Door / Cafe & Coffee Shop
    • Gerrards Florist / (Bike/Boat/Book/etc) Store / Florist

    Property Details for 705 Cypress Ave

    Year built
    1966
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.84 lot acres
    Property size
    16,280 SF
    Property type
    Grocery and convenience stores
    APN
    0172-332-22-0000
    APU
    172332220000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,890,000
      6.5%
      $3,590,000
      7%
      $3,335,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,862,000
      Market price range: $1.85M - $5.79M
      AI Estimate
      $1,864,000
      Market price range: $914k - $3.64M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,615,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $4,380,000
      Change: +21% Conversion: Moderate
      WAREHOUSE, STORAGE
      $4,150,000
      Change: +15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Redlands
    County
    San Bernardino
    State
    California
    Longitude
    -117.184
    Latitude
    34.0427
    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
    2023
    $33,172
    $874,917
    $1,941,222
    $2,816,139
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $585,000
      1,960 SF

      530 Olive Ave

      GROCERY, SUPERMARKET • 1,960 SF
      530 Olive Ave, Redlands, CA 92373-5166
      View Details
    • Value Estimation by Request
      1,559 SF

      539 Redlands Blvd

      CONVENIENCE STORE (W/FUEL PUMP) • 1,559 SF
      539 Redlands Blvd, Redlands, CA 92373-5228
      View Details
    • Value Estimation by Request
      2,064 SF

      402 Redlands Blvd

      GROCERY, SUPERMARKET • 2,064 SF
      402 Redlands Blvd, Redlands, CA 92373-5227
      View Details
    • Value Estimation by Request
      984 SF

      1195 Redlands Blvd

      CONVENIENCE STORE • 984 SF
      1195 Redlands Blvd, Redlands, CA 92373-8015
      View Details
    • Value Estimation by Request
      1,568 SF

      201 Redlands Blvd

      CONVENIENCE STORE (W/FUEL PUMP) • 1,568 SF
      201 Redlands Blvd, Redlands, CA 92373-5222
      View Details
    • Value Estimation by Request
      21,476 SF

      17 State St

      Lifestyle centers • 21,476 SF
      17 State St, Redlands, CA 92373
      View Details

    Similar Nearby for Sale

    • $650,000
      1,043 SF

      Redlands Retail/Office Space For Sale

      Retail or office space in downtown Redlands with expansion potential.
      414 E Redlands Blvd, Redlands, CA 92373
      View Details
    • $90,000

      Vintage Airstream Ice-Cream Trailer

      Turnkey 1952 Airstream trailer, permitted for ice-cream sales.
      824 Cajon St, Redlands, CA 92373
      View Details
    • $1,700,000
      4,106 SF

      Downtown Redlands Retail Investment Property

      Retail investment property in historic downtown Redlands with three rental units.
      217-221 East State St, Redlands, CA 92373
      View Details
    • $650,000
      Pending

      Downtown Redlands Retail or Office

      Retail or office space in the heart of downtown Redlands.
      414 E Redlands Blvd, Redlands, CA 92373
      View Details
    • Contact for pricing

      Redlands Neighborhood Center Retail Space

      Retail spaces available in a well-maintained, busy neighborhood center.
      1502-1580 Barton Rd, Redlands, CA 92373
      View Details
    • $345,000
      131,551.00 Acres

      Redlands Vacant Land Opportunity

      3.02-acre vacant lot in South Redlands to build your dream home.
      724 W Sunset Dr, Redlands, CA 92373
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available in Redlands

      Retail space for lease near major retailers in Redlands.
      2068 W Redlands Blvd, Redlands, CA 92373
      View Details
    • $18 SF/Yr
      21,750 SF

      Redlands Blvd Retail Space Available

      Prime Retail Box, High Traffic Area
      1678 Redlands Blvd, Redlands, CA 92373
      View Details
    • Contact for pricing
      62,999 SF

      Redlands Retail Space Available

      Prime Redlands location, multiple suites, various sizes.
      0 State & 3, Redlands, CA 92373
      View Details
    • $15 SF/Yr
      97,185 SF

      Citrus Village Plaza: Redlands Retail

      Redlands retail space, multiple units available.
      700 Redlands Blvd, Redlands, CA 92373
      View Details
    • $30 SF/Yr
      2,251 SF

      Redlands Retail Space Available

      High-traffic retail shops, prime location.
      1615 Redlands Blvd, Redlands, CA 92373
      View Details
    • $3,650 /Mo

      Historic Downtown Redlands Retail Space

      Prime location with high visibility and foot traffic.
      109 N 5Th St, Redlands, CA 92373
      View Details
    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.
    705 Cypress Ave
    Redlands, CA 92373-5848
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!