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    Retail Opportunity in Growing Market Title is generated by Realmo AI

    4653 Riverside Dr, Chino, CA 91710

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    Claim this Listing
    For Sale
    $2,017,000

    Prime retail location near freeways and industrial hub.

    Type:Shopping Strip
    Property size:
    4,840 SF
    Price / SF:
    $416/SF
    Added:
    Apr 3, 2026
    Days on Market:
    66
    Last Refresh:
    Apr 3 at 5:15 am

    Property Features for 4653 Riverside Dr

    General Information

    Standard status
    Active
    Size
    4,840 SF
    Property subtype
    Shopping Strip

    Building Details

    Year Built
    1963

    We can help!

    Listing Contact
    Ron Duong

    Listing agent Ron Duong License #License(s): CA: 01438643

    Listing office

    Listing date Apr 3, 2026

    Source Marcusmillichap

    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 Ron Duong

    HighLights

    • High‑Density Infill Trade Area: Over 395,000 residents within a 5‑mile radius and an average household income of $107,547.
    • Proximity to Chino Industrial District: Located near 25,000,000+ square feet of industrial space, generating consistent daytime demand.
    • Convenient Freeway Access: Centrally located near the 60 and 71 Freeways.
    • Ample On‑Site Parking: Dedicated front parking maximizes customer convenience.
    • Strategic Retail Location: Surrounded by national and regional retailers in a thriving retail corridor.
    • Recent Improvements: Includes brand new HVAC units for ½ of the suites and repainting.

    Overview

    This retail property offers a prime opportunity with excellent fundamentals. It features dedicated front parking, providing ample on-site parking directly in front of the property for customer convenience. The location provides convenient access to the 60 Freeway, a gateway to Los Angeles County, and the 71 Freeway, which connects to Orange County. Recent improvements include brand new HVAC units for half of the suites, in addition to repainting. The property benefits from a strategic location in a growing market. It is situated in a dense, infill trade area with over 395,000 residents within a five-mile radius, supported by an average household income of $107,547. Its proximity to the Chino Industrial District, home to over 25,000,000 square feet of industrial space and thousands of employees, generates consistent daytime demand. Chino’s strategic location attracts industrial tenants, fueling demand for nearby retail services. The property is surrounded by national and regional retailers and situated within a thriving retail corridor, featuring a recently developed Stater Bros. less than half a mile away and Andy’s Burgers directly across from the subject property. There are multiple points of ingress and egress on Riverside Drive. The property size is 4840 square feet.
    Location Intelligence

    Current Use by Public Records

    Vapor Times (Bike/Boat/Book/etc) Store Lightborn Opioid Rehab ... Addiction Treatment Center Makeup Studio Cosmetic Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Chino
    County
    San Bernardino
    State
    California
    Longitude
    -117.7032559
    Latitude
    34.0186888

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    FAQs

    What type of property is this?
    Strip mall - Prime retail location near freeways and industrial hub.
    Where is this strip mall located?
    The property is located at 4653 Riverside Dr Chino, CA.
    What is the asking price?
    The asking price for this property is $2,017,000.
    What are key features of this property?
    This property features: High‑Density Infill Trade Area: Over 395,000 residents within a 5‑mile radius and an average household income of $107,547.; Proximity to Chino Industrial District: Located near 25,000,000+ square feet of industrial space, generating consistent daytime demand.; Convenient Freeway Access: Centrally located near the 60 and 71 Freeways.
    (949) 350-5431
    We can help!
    Listing Contact
    Ron Duong
    Real Estate License ID: License(s): CA: 01438643
    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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