Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7404 Boulder Ave Highland, CA 92346-6562
    Back to Search
    Property profile & analytics

    7404 Boulder Ave, Highland, CA 92346-6562

    View on Map
    • Warehouses
    • 72,218 SF
    • 3.38 lot acres
    Off-Market
    Property ID
    US10-0785503
    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
    $6,655,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Extra Space Storage / Storage Facility

    Property Details for 7404 Boulder Ave

    Year built
    2004
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.38 lot acres
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    1201-101-74-0000
    APU
    1201101740000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 6, 2022 — Stoney Creek Self Storage LLC — Deed · related $10.9M · Jpmorgan Chase Bank NA
    Sep 20, 2019 — Stoney Creek Self Storage LLC — Deed · related $6M · Wells Fargo Bk
    Sep 15, 2016 — Stoney Creek Self Storage LLC — Deed · related $4.7M · Wells Fargo Bank NA
    Mar 31, 2003 — Stoney Creek Self Storage — Trustees Deed · related $3.2M · Imperial Capital Bank
    May 2, 2002 $740,000 Stoney Creek Self Storage LLC Edwins,john D Grant Deed —
    — — Stoney Creek Self Storage LLC — Deed Of Trust · related $3.5M · Montecito Bank & Trust
    — — Stoney Creek Self Storage LLC — Loan Modification · related $6M · Wells Fargo Bk

    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
    Highland
    County
    San Bernardino
    State
    California
    Longitude
    -117.196
    Latitude
    34.1189
    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
    $72,863
    $1,071,773
    $4,460,546
    $5,532,319
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,495,000
      52,250 SF

      1775 Palm Ave

      MINI-WAREHOUSE, STORAGE
      1775 Palm Ave, Highland, CA 92346-2522
      View Details
    • Value Estimation by Request
      3,000 SF

      27056 5th St

      MINI-WAREHOUSE, STORAGE
      27056 5th St, Highland, CA 92346-4210
      View Details
    • Value Estimation
      $1,905,000
      13,113 SF

      26173 6th St

      MINI-WAREHOUSE, STORAGE
      26173 6th St, Highland, CA 92346
      View Details
    • Value Estimation by Request
      1,980 SF

      26127 6th St

      MINI-WAREHOUSE, STORAGE
      26127 6th St, Highland, CA 92346-4004
      View Details
    • Value Estimation by Request
      1,494 SF

      26589 Highland Ave

      MINI-WAREHOUSE, STORAGE
      26589 Highland Ave, Highland, CA 92346-2137
      View Details
    • Value Estimation
      $7,960,000
      100,026 SF

      2650 Highland Ave

      MINI-WAREHOUSE, STORAGE
      2650 Highland Ave, Highland, CA 92346-2103
      View Details

    Similar Nearby for Sale

    • $4,500,000
      25,200 SF

      Highland Historic District Warehouse Building

      Two-story, 25,200 SF warehouse in Highland Historic District.
      1672 Palm Ave, Highland, CA 92346
      View Details
    • Contact for pricing
      53,665 SF

      Highland Industrial Building For Sale

      53,665 SF industrial building featuring a two-story office.
      W 5Th St, Highland, CA 92346
      View Details
    • Contact for pricing

      Highland Light Industrial Complex

      Multi-tenant property with development potential near San Bernardino Airport.
      27190 E 3Rd St, Highland, CA 92346
      View Details
    • Contact for pricing
      25,200 SF

      Historic Highland Warehouse Opportunity

      25,200 SF warehouse in Highland Historic District for sale.
      1672 Palm Ave, Highland, CA 92346
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      121,294 SF

      Cross-Dock Warehouse with Extensive Features

      121,294 SF warehouse with ample parking and easy freeway access.
      27400 East 5Th St, Highland, CA 92346
      View Details
    • Contact for pricing
      284,917 SF

      Industrial Building with Truck Court

      Industrial property featuring dock doors, mezzanine, and truck parking.
      NW Of Meines St And Palm Ave, Highland, CA 92346
      View Details
    • Contact for pricing
      554,083 SF

      Highland Land for Lease

      Land available for lease near corporate neighbors.
      27260 Meines St, Highland, CA 92346
      View Details
    • $2 SF/Yr

      Highland Avenue Retail/Office Suites

      Retail and office suites available for lease in Highland.
      3505 Highland Ave, Highland, CA 92346
      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.
    7404 Boulder Ave
    Highland, CA 92346-6562
    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
    7404 Boulder Ave, Highland, CA, 92346
    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!