14659 Ramona AveChino, CA 91710

Property Details for 14659 Ramona Ave

Year built

2007

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

8.73 AC

Property size (Sq ft)

103,882 SF

Property type

Retail properties

Property subtype

Other retail properties

APN

1025-132-06-0000

APU

1025132060000

Description

This exceptional 103,525-square-foot single-tenant retail building in Chino, CA, presents a unique investment opportunity. Built in 2007, the property sits on 8.73 acres of land and boasts approximately 300 parking spaces. Currently vacant, this expansive space offers significant flexibility for single or multi-tenant leasing. Its location within the Eucalyptus Business Park Specific Plan allows for potential redevelopment, aligning with current zoning regulations. The property benefits from a prime location and visibility, enhanced by its co-tenancy with a thriving Home Depot, a leading home improvement retailer demonstrating long-term commitment to the area. The building features one story and no elevators. The property's APN is 1025-132-06, and its address is 14659 Ramona Ave, Chino, CA 91710. This presents an attractive opportunity for owner-users or value-add investors seeking to capitalize on the strong Southern California market and potentially re-tenant or re-purpose this substantial retail space. The property's zoning is Commercial (C) - Eucalyptus Business Park Specific Plan. The significant increase in Home Depot's sales during the COVID-19 era highlights the robust traffic in this location. This presents a compelling opportunity for a variety of commercial uses.

• CAP approach

  CAP return

  Valuation

  6%

  $38,033,732

  6.5%

  $35,108,060

  7%

  $32,600,342

• Comparable approach

  Method

  Valuation

  Relative Method

  $44,385,408

  Geo Method

  $75,445,768

• Alternative Use

  Use

  Valuation

  Residential

  $29,614,962

  Hospitality

  $27,127,146

  Educational

  $22,569,468

  Medical

  $23,345,666

  Retail

  $35,108,060

Location Insight

City

Chino

County

San Bernardino

State

California

Latitude

33.9869

Longitude

-117.705

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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