Back to Search
Property profile & analytics
FOR SALE
Flex space
923 Central Ave K Upland, CA 91786
Entity Owned
2-yr Hold
Free & Clear
Property ID
US10-1601698
For Sale
1 / 49
$4,000,000
923 Central Ave,Unit K, Upland, CA 91786
View Listing →
Property summary
AI-generated overview
This single-story, 24,541 square foot commercial building located at 923 N Central Ave, Upland, CA 91786, offers multiple traditional office suites for lease. Built in 1980, the property features a 16-foot ceiling height and is situated on Central Avenue, providing excellent visibility and frontage with lighted signage. The building has a total of two suites, with a minimum divisible space of 1,315 square feet and a maximum contiguous space of 1,923 square feet. Currently, 3,238 square feet are vacant and available for lease. The property is zoned Commercial/Industrial and has a 4:1000 parking ratio. Electrical service is 125 Amps. The property's address is conveniently located near the intersection of Foothill and Central Avenues in San Bernardino County. The property is ideal for professional services or retail businesses seeking a well-located, flexible space. The APN is 1007-051-16-0000. The mostly open space is adaptable to various business needs.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
24,640 SF
Lot
1.21 ac (52,707 SF)
APN
1007-051-16-0000
UPID
US10-1601698
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
-
Roller Technologies Industrial Manufacturer
-
Exotic Car Parts-Jaguar Auto Parts Store
-
Empire Smog Test Only Sustainability Organization
-
Terry's Automotive Motorsports Auto Repair Shop
-
M&V Transmission Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.72M
Blend (final)
Blend
$8.83M
Owner & transaction history
Central Upland Associates LP · 2 yrs held
Central Upland Associates LP
since 2024
Last sale
$8.8M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$13.9M
+41.2%
Restaurant
$11.6M
+17.5%
Office building
$10.7M
+8.7%
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 Upland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Upland 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
$8,830,000
ML approach
$8,830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$9,860,000
Current use
COMMERCIAL (GENERAL)
$13,920,000
Change: +41% · Conversion: Difficult
RESTAURANT
$11,580,000
Change: +17% · Conversion: Difficult
OFFICE BUILDING
$10,710,000
Change: +9% · Conversion: Difficult
WAREHOUSE, STORAGE
$10,365,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$8.83M
Range $7.95M – $9.71M · ±10% · vs last sale $8.83M (Apr 5 2024)
Last sale anchor
$8.83M
Apr 5 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
$358 / 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
$16,179
Tax year 2024
Assessed value
$1,503,987
Assessed 2024
Previous assessed
$1,503,987
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$145,913
Assessed improvement
$1,358,074
Applied tax rate
8.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Sale
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Units
10
Total area
24,640 SF
Lot
1.21 ac (52,707 SF)
APN
1007-051-16-0000
UPID
US10-1601698
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
INDUSTRIAL (GENERAL) Current
Est. value
$9.9M
COMMERCIAL (GENERAL)
Est. value
$13.9M
RESTAURANT
Est. value
$11.6M
OFFICE BUILDING
Est. value
$10.7M
WAREHOUSE, STORAGE
Est. value
$10.4M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Units
10
Lot
1.21 ac
Current owner
From public records · entity-resolved
Central Upland Associates LP
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 15657, LONG BEACH, CA 90815-0657
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2024
$8,829,000
Central Upland Associates LP
Laird Slagle LLC
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
