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Property profile & analytics
OFF-MARKET
Estimated value
$136,430,000
Distribution centers
1110 Merrill Ave Rialto, CA 92376-9108
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US10-1247746
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
963,585 SF
Lot
43.61 ac (1,899,651 SF)
APN
0128-151-38-0000
UPID
US10-1247746
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Rialto Distribution LLC Logistics Company Freight Service
-
All-Ways Pacific Logistics Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$154.58M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$136.43M
Owner & transaction history
Rialto Merrill Holdings LLC · 4 yrs held
Rialto Merrill Holdings LLC
since 2021
Last sale
$123.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Rialto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rialto submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$144,425,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$167,465,000
6.5%
$154,580,000
7%
$143,540,000
Blend value · Realmo final
$136.43M
Range $122.79M – $150.07M · ±10% · vs last sale $123.35M (Aug 5 2021)
Last sale anchor
$123.35M
Aug 5 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$142 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$1,394,869
Tax year 2024
Assessed value
$114,785,251
Assessed 2024
Previous assessed
$114,785,251
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$49,409,636
Assessed improvement
$65,375,615
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Units
1
Total area
963,585 SF
Lot
43.61 ac (1,899,651 SF)
APN
0128-151-38-0000
UPID
US10-1247746
Jurisdiction
SAN BERNARDINO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Units
1
Lot
43.61 ac
Current owner
From public records · entity-resolved
Rialto Merrill Holdings LLC
Entity
Mailing address
1110 W MERRILL AVE, RIALTO, CA 92376-9108
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2022
—
Rialto Merrill Holdings LLC
—
Deed
related
$181,000,000 · Argentic Real Estate Finance LLC
Aug 5, 2021
$123,353,000
Rialto Merrill Holdings LLC
Sm Logistics Rialto LLC
Grant Deed
$95,000,000 · Ab Commercial Real Estate Debt Fund
Apr 1, 2019
—
Sm Logistics Rialto LLC
—
Loan Modification
related
$135,600,000 · Parlex 14 Finco LLC
Dec 17, 2018
—
Sm Logistics Rialto LLC
—
Grant Deed
related
$135,600,000 · Parlex 14 Finco LLC
Sep 7, 2018
—
Sm Logistics Rialto LLC
Toys R Us-delaware INC
Quit Claim Deed
$120,000,000 · Msd Pcof Partners III LLC
Jan 8, 2010
—
Toys R Us-delaware INC
Toys R Us Property Co II LLC
Quit Claim Deed
—
Aug 5, 2005
—
Giraffe Properties LLC
Toys R Us-delaware INC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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