Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Development Land Available Title is generated by Realmo AI

    SW of Foothill Blvd and Cherry Ave, Fontana, CA

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    2.42 acres of land for retail development.

    Type:LAND
    Property size:
    105,415 SF
    Lot size:
    2.42 Acres
    Added:
    Dec 13, 2023
    Days on Market:
    900
    Last Refresh:
    May 20 at 8:22 pm

    Property Features for SW of Foothill Blvd and Cherry Ave

    General Information

    Standard status
    Active
    Size
    105,415 SF
    Lot size
    2.42 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Brian Melkesian
    Brian Melkesian

    Listing agent Brian Melkesian License #01839590

    Listing office Lee & Associates

    Listing date Dec 13, 2023

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates

    HighLights

    • ±2.42 Acres Retail Development
    • Located Along Heavy Retail Corridor
    • Daily Traffic Counts: ±36,204 ADV
    • Access from Foothill Blvd & Cherry Ave
    • Foothill Blvd Corridor (FBC) Zoning (Verify w/ City)
    • Drive Path Easement Along Back of Property

    Overview

    This property offers approximately 2.42 acres of land suitable for retail development. It is located along a heavy retail corridor and benefits from access from both Foothill Boulevard and Cherry Avenue. The location experiences daily traffic counts of approximately 36,204 average daily vehicles. Zoning is Foothill Boulevard Corridor (FBC). A drive path easement is in place along the back of the property.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Fontana
    County
    San Bernardino
    State
    California
    Longitude
    -117.44
    Latitude
    34.06

    Nearby Similar for Sale

    • $1,599,900
      798 SF

      Fontana Commercial Land For Sale

      Prime commercial lot in Fontana with high visibility and access.
      9491 Sierra Avenue, Fontana, CA 92335
      View Details
    • $1,450,000
      4,500 SF

      Retail Opportunity on Sierra Avenue

      In-line retail property with two units in Fontana, CA.
      8659 Sierra Ave, Fontana, CA 92335
      View Details
    • $1,400,000
      2,099 SF

      Prime Fontana Retail Redevelopment Opportunity

      1.23 acre commercial land suitable for retail development.
      9096 Citrus Avenue, Fontana, CA 92335
      View Details
    • $2,480,000

      Fontana Commercial Land Opportunity

      2.8 acres of commercial land in a high-demand Fontana area.
      15254 Foothill Boulevard, Fontana, CA 92335
      View Details
    • $975,000
      3,020 SF

      Fontana Quadruplex For Sale

      Fontana, CA Quadruplex featuring 3,020 square feet on 0.19 acres.
      16929 Reed, Fontana, CA 92336
      View Details
    • $1,550,000
      3,200 SF

      Fontana Commercial Property For Sale

      Commercial property in Fontana, CA, ideal for automotive businesses.
      10422 Fremontia, Fontana, CA 92337
      View Details
    • $999,000
      2,162 SF

      Fontana Duplex: Two Detached Homes

      Two detached homes on one lot in Fontana, California.
      9758 Juniper, Fontana, CA 92335
      View Details
    • $799,000
      1,300 SF

      Fontana Retail/Shop Space For Sale

      Centrally located retail/shop in North Fontana with high visibility.
      8148 Sierra Avenue, Fontana, CA 92335
      View Details
    • $899,000
      3,474 SF

      Fontana Single Family Residence

      Two single-story homes on a nearly 10,000 sqft lot.
      9257 Palmetto, Fontana, CA 92335
      View Details
    • $699,000
      1,048 SF

      Fontana Duplex on Large Lot

      Remodeled duplex on a nearly 20,000 sqft lot.
      9023 Olive, Fontana, CA 92335
      View Details
    • $600,000

      Fontana Land for Development

      Land for sale with potential for residential development.
      16246 Arrow, Fontana, CA 92335
      View Details
    • $1,699,000
      4,905 SF

      Turn-Key Quadruplex with Upgrades

      Fontana quadruplex with upgraded units, high income potential.
      9614 Cypress, Fontana, CA 92335
      View Details

    FAQs

    What type of property is this?
    Land - 2.42 acres of land for retail development.
    Where is this land located?
    The property is located at SW of Foothill Blvd and Cherry Ave Fontana, CA.
    What are key features of this property?
    This property features: ±2.42 Acres Retail Development; Located Along Heavy Retail Corridor; Daily Traffic Counts: ±36,204 ADV
    (909) 373-2943 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brian Melkesian
    Brian Melkesian
    Real Estate License ID: 01839590
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    SW of Foothill Blvd and Cherry Ave, Fontana, CA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!