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Property profile & analytics
OFF-MARKET
Estimated value
$4,605,000
Office Spaces
808 Ml St San Bernardino, CA 92415-0617
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US10-1208746
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1963
Construction
WOOD FRAME
Total area
17,726 SF
Lot
1.38 ac (60,000 SF)
APN
0136-391-29-0000
UPID
US10-1208746
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.19M
Comparable Approach
Comparable
$5.00M
Blend (final)
Blend
$4.61M
Owner & transaction history
Seitel Investments LLC · 19 yrs held
Seitel Investments LLC
since 2006
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.2M
+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%
$4,535,000
6.5%
$4,185,000
7%
$3,885,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,335,000
Current use
RESTAURANT
$7,240,000
Change: +36% · Conversion: Difficult
MEDICAL BUILDING
$5,130,000
Change: -4% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,770,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$4.61M
Range $4.14M – $5.07M · ±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
$260 / 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
$36,647
Tax year 2023
Assessed value
$2,999,933
Assessed 2024
Previous assessed
$2,941,111
+2.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$472,869
Assessed improvement
$2,527,064
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
1963
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
7
Total area
17,726 SF
Lot
1.38 ac (60,000 SF)
APN
0136-391-29-0000
UPID
US10-1208746
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
$5.3M
RESTAURANT
Est. value
$7.2M
MEDICAL BUILDING
Est. value
$5.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.8M
COMMERCIAL (GENERAL) Current
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
1963
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
7
Lot
1.38 ac
Current owner
From public records · entity-resolved
Seitel Investments LLC
Entity
Mailing address
26637 KINGWOOD RD, MURRIETA, CA 92563-4370
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2021
—
Seitel Investments LLC
—
Deed
related
$2,250,000 · Mission FCU
Mar 15, 2018
—
Seitel Investments LLC
—
Deed
related
$1,725,000 · First Citizens Bank & Trust Co
Jul 28, 2006
—
Seitel Investments LLC
East Mill Street Ltd
Grant Deed
$2,215,000 · Mission FCU
Aug 30, 2004
—
East Mill Street Ltd
—
Deed Of Trust
related
$2,000,000 · Desert Community Bank
Apr 1, 2003
—
East Mill Street Ltd
—
Deed Of Trust
related
$1,000,000 · Desert Community Bank
Mar 23, 2000
—
East Mill Street Ltd
—
Grant Deed
related
$1,155,000 · Desert Community Bank
May 22, 1996
—
Edwin M Etal Pencall
Pencall,edwin M Etal
Quit Claim Deed
related
—
Dec 21, 1992
—
Lee,robert H Tr
—
Deed Of Trust
related
—
Jan 13, 1988
—
Leonard Lindborg
Cambr
Trustees Deed
related
—
—
—
East Mill Street Ltd
—
Deed Of Trust
related
$1,300,000 · Desert Community Bank
—
—
East Mill Street Ltd
—
Deed Of Trust
related
$253,500 · Desert Community Bank
—
—
East Mill Street Ltd
—
Deed Of Trust
related
$500,000 · Desert Community Bank
—
—
East Mill Street Ltd
—
Deed Of Trust
related
$2,051,250 · Affinity Bank
—
—
East Mill Street Ltd
—
Deed Of Trust
related
$300,000 · Desert Community Bank
—
—
East Mill Street Ltd
—
Deed Of Trust
related
$225,000 · Desert Community Bank
—
—
East Mill Street Ltd
—
Deed Of Trust
related
$300,000 · Desert Community Bank
—
—
East Mill Street Ltd
—
Deed Of Trust
related
$160,000 · Desert Community Bank
—
—
East Mill Street Ltd
—
Deed Of Trust
related
$30,000 · Desert Community Bank
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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