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    5459 Moreno St Montclair, CA 91763
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    5459 Moreno St, Montclair, CA 91763

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    • Outlet malls
    • 135,987 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Amazon Hub Locker - Durmitor / Postal Service / Courier Service
    • dd's DISCOUNTS / Clothing Store / Department Store

    Property Details for 5459 Moreno St

    Year built
    1993
    Property type
    Outlet malls
    Property subtype
    Power centers

    Description

    This exceptional 135,987 square foot power center, situated in the Montclair submarket of San Bernardino County, presents a rare opportunity for retail expansion. The property boasts two single-story buildings, constructed in 1993, offering a total of 18 suites across a substantial 416,330 square foot lot. Currently, there is no vacant space, highlighting the property's strong occupancy rate. The minimum divisible space is 12,000 square feet, with a maximum contiguous space of 24,000 square feet, providing flexibility for various retail concepts. The center features ample parking with 515 spaces and benefits from excellent visibility due to its location directly across from the recently renovated Montclair Place mall and freeway exposure. The property is zoned C3 and includes two APNs: 1008-201-22 and 1008-201-23. Key national tenants such as Ross, Best Buy Outlet, Five Below, and Hibbett Sports are already established, creating a thriving retail environment. The property is classified as Class C and offers power but no elevators. The cross street is Central Ave. This prime location offers significant potential for growth and success within a well-established and high-traffic retail destination.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Montclair
    County
    San Bernardino
    State
    California
    Longitude
    -117.686
    Latitude
    34.0879

    Comparable in this City

    • Value Estimation by Request
      32,568 SF

      9137 Central Ave

      Lifestyle centers
      9137 Central Ave, Montclair, CA 91763
      View Details
    • Value Estimation by Request
      2,198 SF

      9507 Central Ave

      Lifestyle centers
      9507 Central Ave, Montclair, CA 91763
      View Details
    • Value Estimation
      $7,425,000
      45,263 SF

      8960 Central Ave

      WHOLESALE OUTLET, DISCOUNT STORE
      8960 Central Ave, Montclair, CA 91763-1619
      View Details
    • Value Estimation
      $18,265,000
      149,705 SF

      9404 Central Ave

      WHOLESALE OUTLET, DISCOUNT STORE
      9404 Central Ave, Montclair, CA 91763-2421
      View Details
    • Value Estimation by Request
      0.26 Acres

      8955 Central Ave

      SHOPPING CENTER, STRIP CENTER
      8955 Central Ave, Montclair, CA 91763-1620
      View Details
    • Value Estimation
      $3,150,000
      4,939 SF

      9015 Central Ave

      SHOPPING CENTER, STRIP CENTER
      9015 Central Ave, Montclair, CA 91763-1646
      View Details

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    Montclair, CA 91763
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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.

    More about this property
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