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    Anchored Big Box Retail Center Title is generated by Realmo AI

    131 E Riverside Drive, Ontario, CA 91761

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    For Sale
    $4,945,000

    Two-tenant, big box retail asset with long weighted lease terms and an additional land pad for future value-add.

    Type:Retail
    Property size:
    29,120 SF
    Lot size:
    3.77 Acres
    Price / SF:
    $169/SF
    Added:
    Jun 1, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 3 at 2:59 am

    Property Features for 131 E Riverside Drive

    General Information

    Standard status
    Active
    Size
    29,120 SF
    Lot size
    3.77 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    1980

    Properties For Sale

    at 131 E Riverside Drive Contact us

    We can help!

    Listing Contact
    Matthew Mousavi
    Matthew Mousavi

    Listing agent Matthew Mousavi License #CA 01732226

    Listing office SRS Industrial - Newport Beach

    Listing date Jun 1, 2026

    Source Srsre

    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 SRS Industrial - Newport Beach

    HighLights

    • Two‑tenant, anchored big box retail center in Ontario, CA with 29,120 rentable SF across two suites
    • Located on 3.77 acres with two parcels, plus a separate 1.02‑acre land pad available for future development or leasing
    • Property is 100% occupied by New Century Market (approx. 14,120 SF) and Dollar Tree
    • Weighted average lease term of approximately 14.2 years, helping minimize near‑term rollover risk
    • New Century Market operates under a long‑term NNN lease with scheduled 10% rental increases every five years
    • Dollar Tree executed a new 10‑year lease extension

    Overview

    This fee simple offering presents an anchored, two-tenant big box retail center with two large parcels totaling 3.77 acres and approximately 29,120 rentable square feet across two suites. The property is 100% occupied by New Century Market and Dollar Tree, providing in-place income supported by long-duration leasing. New Century Market occupies approximately 14,120 square feet under a long-term NNN lease with scheduled 10% rental increases every five years through the primary term. Dollar Tree has executed a new 10-year lease extension, and the asset carries a weighted average lease term of approximately 14.2 years to help reduce near-term rollover risk.

    The site includes a parcelized 1.02-acre land pad available for future development or leasing, creating a built-in opportunity to monetize additional square footage or potentially pursue a pad sale. Recent and planned investment activity further supports the area’s growth trajectory, including the addition of a new Dutch Bros Coffee location and a planned two-story self-storage facility.

    For buyers and investors, this configuration offers immediate cash flow with national-credit retail exposure plus a defined value-add component through the available land pad. The combination of stable tenancy, minimal near-term lease rollover, and future site flexibility makes the property well-suited for an income-oriented acquisition or for operators seeking long-term retail holdings with upside.
    Location Intelligence

    Current Use by Public Records

    Dollar Tree Discount Store Amazon Locker - Tommasina Courier Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

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    Location Insight

    • Map
    • Local Demand
    City
    Ontario
    County
    San Bernardino
    State
    California
    Longitude
    -117.6496316
    Latitude
    34.0207035

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    FAQs

    What type of property is this?
    Shopping center - Two-tenant, big box retail asset with long weighted lease terms and an additional land pad for future value-add.
    Where is this shopping center located?
    The property is located at 131 E Riverside Drive Ontario, CA.
    What is the asking price?
    The asking price for this property is $4,945,000.
    What are key features of this property?
    This property features: Two‑tenant, anchored big box retail center in Ontario, CA with 29,120 rentable SF across two suites; Located on 3.77 acres with two parcels, plus a separate 1.02‑acre land pad available for future development or leasing; Property is 100% occupied by New Century Market (approx. 14,120 SF) and Dollar Tree
    (714) 404-8849
    We can help!
    Listing Contact
    Matthew Mousavi
    Matthew Mousavi
    Real Estate License ID: CA 01732226
    Learn More
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    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.

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