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Property profile & analytics
OFF-MARKET
Estimated value
$9,885,000
Drive through restaurants
935 Waterman Ave San Bernardino, CA 92410-3801
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US10-1210208
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1986
Construction
WOOD FRAME
Total area
2,929 SF
Lot
0.54 ac (23,389 SF)
APN
0147-211-20-0000
UPID
US10-1210208
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
-
Burger King Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.54M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.89M
Owner & transaction history
D&z Properties LLC · 5 yrs held
D&z Properties LLC
since 2020
Last sale
$8.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$11,005,000
ML approach
$11,535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.89M
Range $8.90M – $10.87M · ±10% · vs last sale $8.50M (Dec 16 2020)
Last sale anchor
$8.50M
Dec 16 2020
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
$3,375 / 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
$19,440
Tax year 2023
Assessed value
$1,591,812
Assessed 2024
Previous assessed
$1,560,600
+2.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$371,423
Assessed improvement
$1,220,389
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1986
Construction
WOOD FRAME
Heating
NONE
Stories
1
Units
1
Total area
2,929 SF
Lot
0.54 ac (23,389 SF)
APN
0147-211-20-0000
UPID
US10-1210208
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
Building & site characteristics
From public records
Year built
1986
Construction
WOOD FRAME
Heating
NONE
Stories
1
Units
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
D&z Properties LLC
Entity
Mailing address
18001 VENTURA BLVD STE C, ENCINO, CA 91316-3592
Ownership since
2020
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
Mar 30, 2026
—
D&z Properties LLC
—
Deed
related
$5,500,000 · Hanmi Bank
Dec 16, 2020
$8,500,000
D&z Properties LLC
Ofelia A Willis
Grant Deed
$5,355,000 · Us Metro Bank
Aug 9, 2019
—
Lifetime Harold W Trust
—
Grant Deed
related
$3,500,000 · Altapacific Bk
Apr 29, 2019
—
Willis,harold Trust
—
Grant Deed
related
$2,400,000 · Jin S Suh
Nov 15, 2011
—
Willis Harold Revocable Trust
Willis,harold W
Quit Claim Deed
related
—
Apr 29, 2011
—
Harold W Willis
Willis,ofelia A
Quit Claim Deed
related
$3,306,000 · Hanmi Bank
Nov 25, 2003
—
Harold W Willis
—
Deed Of Trust
related
$4,000,000 · Hanmi Bank
Jun 24, 1988
—
Harold W Willis
Willis Ofelia A
Quit Claim Deed
related
$3,500,000 · Connecticut Mutual Life Ins
—
—
Willis,harold Trust
—
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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