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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Flex space
9253 Cassia Rd Adelanto, CA 92301-3941
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US10-1347052
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1993
Construction
STEEL FRAME
Total area
4,800 SF
Lot
4.02 ac (175,111 SF)
APN
3129-251-31-0000
UPID
US10-1347052
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
$945k
Comparable Approach
Comparable
$648k
Blend (final)
Blend
$735k
Owner & transaction history
Desh Bhagat LLC
Desh Bhagat LLC
since 2025
Last sale
$675,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.2M
+10.6%
Commercial (general)
$1.1M
+2.3%
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 Adelanto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Adelanto 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%
$1,025,000
6.5%
$945,000
7%
$880,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,105,000
Current use
WAREHOUSE, STORAGE
$1,225,000
Change: +11% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,130,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$1,065,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $675k (Jun 2 2025)
Last sale anchor
$675k
Jun 2 2025
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
$153 / 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
$28,346
Tax year 2024
Assessed value
$2,444,940
Assessed 2024
Previous assessed
$2,444,940
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$936,360
Assessed improvement
$1,508,580
Applied tax rate
14.0000
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
Off-Market
Year built
1993
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
4,800 SF
Lot
4.02 ac (175,111 SF)
APN
3129-251-31-0000
UPID
US10-1347052
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
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1993
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
4.02 ac
Current owner
From public records · entity-resolved
Desh Bhagat LLC
Entity
Mailing address
3230 VINE ST, RIVERSIDE, CA 92507-2665
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2025
$675,000
Desh Bhagat LLC
Global Federal Credit Union
Grant Deed
—
May 12, 2025
$444,512
Global Federal Credit Union
Danny Borden
Trust Deed
related
—
Sep 8, 2021
$1,814,000
Desert Leaf LLC
Daniel Borden
Grant Deed
$2,000,000 · Danny Borden
Feb 6, 2018
—
Danny Borden
—
Deed
related
$465,581 · Alaska USA FCU
Jan 26, 2017
$585,000
Danny Borden
Dee Jay Transportation INC
Grant Deed
$298,000 · Alaska USA FCU
Jan 26, 2017
—
Danny Borden
Borden,margaret
Quit Claim Deed
related
—
Apr 21, 1992
$60,500
Dee Jay Transpor
Adelanto Redevel
Grant Deed
$48,000 · Seller
—
—
Dee Jay Transportation INC
—
Deed Of Trust
related
$336,000 · Interbay Funding LLC
—
—
Danny Borden
—
Loan Modification
related
$465,581 · Alaska USA FCU
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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