Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    8.47 Acres Development Site Title is generated by Realmo AI

    NE of Central Ave and Francis Ave, Chino, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial and residential development site near the 60 Freeway.

    Type:LAND
    Property size:
    368,953 SF
    Lot size:
    8.56 Acres
    Price / SF:
    $19/SF
    Added:
    Nov 28, 2014
    Days on Market:
    4180
    Last Refresh:
    Apr 5 at 8:55 pm

    Property Features for NE of Central Ave and Francis Ave

    General Information

    Standard status
    Active
    Size
    368,953 SF
    Lot size
    8.56 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 Nov 28, 2014

    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

    • ±8.47 Acres Available
    • Future Development Site: Commercial & Residential (Verify)
    • Adjacent to planned residential development sites
    • Approx. 3/4 mile north of 60 Freeway
    • In close proximity to heavy retail area

    Overview

    This property features approximately 8.47 acres of land suitable for future development. The site is intended for commercial and residential use, although verification is recommended. It is located adjacent to planned residential development sites and is approximately 3/4 mile north of the 60 Freeway. The property is in close proximity to a heavy retail area.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Chino
    County
    San Bernardino
    State
    California
    Longitude
    -117.649
    Latitude
    33.9523

    Nearby Similar for Sale

    • $1,738,888
      2,732 SF

      Chino Medical Plaza Units

      New medical plaza units available for sale in Chino.
      5624 Philadelphia,(Chino Valley Medical plaza#107,108), Chino, CA 91710
      View Details
    • $918,000
      1,710 SF

      Medical Condo in Prime Location

      Modern medical condo in a high-visibility commercial area.
      13768 Roswell Ave 109, Chino, CA 91710
      View Details
    • $3,500,000
      5,400 SF

      Chino Commercial Property For Sale

      Prime real estate with school, residences, and development center.
      4266 Walnut, Chino, CA 91710
      View Details
    • $1,350,000

      Chino Retail Pad with Drive-Thru

      City-approved retail pad for dual-lane drive-thru in Chino, CA.
      0 Central Avenue, Chino, CA 91710
      View Details
    • $750,000

      Chino Vacant Land For Sale

      19,280 SF vacant lot suitable for residential development.
      13650 3rd, Chino, CA 91710
      View Details
    • $332,000

      Vacant Lot in Chino, CA

      Prime vacant lot in Chino, build your dream home!
      0 Norton, Chino, CA 91710
      View Details
    • $2,017,000
      4,840 SF

      Retail Opportunity in Growing Market

      Prime retail location near freeways and industrial hub.
      4653 Riverside Dr, Chino, CA 91710
      View Details
    • $918,000

      Medical Office Space For Sale

      Medical office space available within Grandview Medical Plaza.
      13768 Roswell Avenue 109, Chino, CA 91710
      View Details
    • $2
      50,304 SF

      Golden Palms Plaza Retail Center

      50,304 SF retail center near medical and residential areas.
      13788 Roswell Avenue, Chino, CA 91710
      View Details
    • $195,000

      Chino Retail Investment Opportunity

      Retail space leased to Korean BBQ restaurant, stable income.
      3911 Grand Avenue, Chino, CA 91710
      View Details
    • $1,050,000
      1,608 SF

      Charming Office Building in Chino

      Professional office building in a visible, quiet Chino location.
      13201 9th St, Chino, CA 91710
      View Details
    • $729,900
      1,838 SF

      Single Family Residence - Chino, CA

      13179 Monte Vista, Chino, CA 91710
      View Details

    FAQs

    What type of property is this?
    Land - Commercial and residential development site near the 60 Freeway.
    Where is this land located?
    The property is located at NE of Central Ave and Francis Ave Chino, CA.
    What is the asking price?
    The asking price for this property is $7,200,000.
    What are key features of this property?
    This property features: ±8.47 Acres Available; Future Development Site: Commercial & Residential (Verify); Adjacent to planned residential development sites
    (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
    NE of Central Ave and Francis Ave, Chino, 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!