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Property profile & analytics
OFF-MARKET
Estimated value
$10,925,000
Office Spaces
784 Hospitality Ln San Bernardino, CA 92415-0009
Entity Owned
7-yr Hold
Free & Clear
Property ID
US10-1214482
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
31,807 SF
Lot
1.19 ac (51,764 SF)
APN
0281-372-34-0000
UPID
US10-1214482
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
-
San Bernardino County Aging Services Social Service Agency Charitable Organization
-
IHSS Public Authority Government Office
-
DAAS-PG office Government Office
-
SAC Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.51M
Comparable Approach
Comparable
$13.17M
Blend (final)
Blend
$10.93M
Owner & transaction history
Kb Tri-city I Dst · 7 yrs held
Kb Tri-city I Dst
since 2018
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$13.8M
+44.4%
Restaurant
$13.0M
+35.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,135,000
6.5%
$7,510,000
7%
$6,975,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$9,575,000
Current use
OFFICE BUILDING
$13,830,000
Change: +44% · Conversion: Easy
RESTAURANT
$12,995,000
Change: +36% · Conversion: Difficult
MEDICAL BUILDING
$9,205,000
Change: -4% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$8,560,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$10.93M
Range $9.83M – $12.02M · ±10%
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
$343 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$93,913
Tax year 2023
Assessed value
$7,900,200
Assessed 2024
Previous assessed
$7,596,300
+4.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$1,473,000
Assessed improvement
$6,427,200
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Total area
31,807 SF
Lot
1.19 ac (51,764 SF)
APN
0281-372-34-0000
UPID
US10-1214482
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
COMMERCIAL (GENERAL) Current
Est. value
$9.6M
OFFICE BUILDING
Est. value
$13.8M
RESTAURANT
Est. value
$13.0M
MEDICAL BUILDING
Est. value
$9.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.6M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Lot
1.19 ac
Current owner
From public records · entity-resolved
Kb Tri-city I Dst
Entity
Free & Clear · 7 yrs held
Mailing address
5901 W CENTURY BLVD STE #1107, LOS ANGELES, CA 90045-5435
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2018
$8,300,000
Kb Tri-city I Dst
Tri City South Owner LLC
Grant Deed
—
Apr 23, 2018
—
Tri City South Owner LLC
Tri-city Corp Centre Mainte 4
Quit Claim Deed
related
—
Mar 23, 2015
$1,825,000
Tri City South Owner LLC
Rancon Realty Fund V Subsidiar
Grant Deed
—
Oct 9, 2008
—
Bally Total Fitness Of Ca INC
—
Grant Deed
related
$302,000,000 · Morgan Stanley SR Fndg
Dec 20, 2005
—
Rancon Realty Fund V Subsidiar
Rrf V Tri City
Grant Deed
related
—
—
—
Bally Total Fitness Of Ca INC
—
Loan Modification
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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