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Property profile & analytics
OFF-MARKET
Estimated value
$7,855,000
Warehouses
9428 Sheep Crk Rd, Phelan, CA 92371-8544
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-1386020
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2004
Construction
MANUFACTURED
Total area
1,296 SF
Lot
5.09 ac (221,720 SF)
APN
3066-221-28-0000
UPID
US10-1386020
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
-
Phelan Self Storage Storage Facility
-
Pay Online Customer Login Storage Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.85M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.86M
Owner & transaction history
3855 Ih 35 North LLC · 5 yrs held
3855 Ih 35 North LLC
since 2021
Last sale
$7.0M
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 Phelan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Phelan 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
$9,575,000
ML approach
$7,845,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.86M
Range $7.07M – $8.64M · ±10% · vs last sale $7.00M (Mar 31 2021)
Last sale anchor
$7.00M
Mar 31 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
$6,061 / 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
$84,057
Tax year 2024
Assessed value
$7,808,635
Assessed 2024
Previous assessed
$7,808,635
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$247,646
Assessed improvement
$7,560,989
Applied tax rate
101.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2004
Construction
MANUFACTURED
Heating
FLOOR/WALL FURNACE
Cooling
OTHER
Buildings
2
Stories
1
Units
539
Rooms
6
Bathrooms
2
Total area
1,296 SF
Lot
5.09 ac (221,720 SF)
APN
3066-221-28-0000
UPID
US10-1386020
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
2004
Construction
MANUFACTURED
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Buildings
2
Units
539
Rooms
6
Bathrooms
2
Lot
5.09 ac
Current owner
From public records · entity-resolved
3855 Ih 35 North LLC
Entity
Mailing address
9340 E FUERTE DR STE #200, LA MESA, CA 91941-4164
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2025
—
Apc Towers III LLC
—
Deed
related
—
Mar 31, 2021
—
3855 Ih 35 North LLC
3855 Ih North LLC
Intrafamily Transfer
related
$5,400,000 · American First Cu
Feb 5, 2018
$7,000,000
3855 Ih 35 North LLC
Phelan Stow It LLC
Grant Deed
—
Aug 26, 2016
—
Phelan Stow-it LLC
—
Deed
related
$4,310,000 · Kinecta FCU
Apr 10, 2003
—
Phelan Stow It LLC
—
Trustees Deed
related
$1,050,000 · Pacific Mercantile Bank
—
—
Phelan Stow-it LLC
—
Deed Of Trust
related
$3,840,000 · Kinecta FCU
—
—
Phelan Stow-it LLC
—
Loan Modification
related
$4,310,000 · Kinecta FCU
—
—
Phelan Stow It LLC
—
Deed Of Trust
related
$2,395,000 · California National Bank
—
—
Phelan Stowt-it LLC
—
Deed Of Trust
related
$4,400,000 · California Bank & Trust
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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