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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Grocery and convenience stores
924 Highland Ave San Bernardino, CA 92405-3206
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US10-0972025
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,356 SF
Lot
0.19 ac (8,277 SF)
APN
0148-242-03-0000
UPID
US10-0972025
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
-
Smitty's Liquor Store (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
$585k
Comparable Approach
Comparable
$322k
Blend (final)
Blend
$510k
Owner & transaction history
Smittys Property LLC · 5 yrs held
Smittys Property LLC
since 2021
Last sale
$485,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$680,000
+7.5%
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
$515,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
$635,000
6.5%
$585,000
7%
$540,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$635,000
Current use
MEDICAL BUILDING
$680,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$600,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $485k (Feb 16 2021)
Last sale anchor
$485k
Feb 16 2021
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
$216 / 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
$6,409
Tax year 2023
Assessed value
$514,686
Assessed 2024
Previous assessed
$504,594
+2.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$106,121
Assessed improvement
$408,565
Applied tax rate
7.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Units
1
Total area
2,356 SF
Lot
0.19 ac (8,277 SF)
APN
0148-242-03-0000
UPID
US10-0972025
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$635,000
MEDICAL BUILDING
Est. value
$680,000
COMMERCIAL (GENERAL)
Est. value
$600,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Units
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Smittys Property LLC
Entity
Mailing address
924 W HIGHLAND AVE, SAN BERNARDINO, CA 92405-3206
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2021
$485,000
Smittys Property LLC
William C Grasso
Grant Deed
$335,000 · William C Grasso And Sandra J Grass
Nov 30, 2007
—
William C Grasso
Grasso,william C & Sandra J
Quit Claim Deed
related
—
Feb 22, 1996
$218,000
William C Grasso
Pinckert,rowena R
Grant Deed
related
$193,000 · Seller
Sep 7, 1994
—
Rowena Pinckert
—
Deed Of Trust
related
—
—
—
Grasso,william C & S J Trust
—
Deed Of Trust
related
$395,530 · Arrowhead Ctrl Cu
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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