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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Flex space
1111 Locust St Ontario, CA 91761-4538
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-1019097
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,205 SF
Lot
0.61 ac (26,425 SF)
APN
1050-171-13-0000
UPID
US10-1019097
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
-
Wilhelmsen Ships Service Freight Service Logistics Company
-
Committed Car Accident Lawyer Network Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.05M
Owner & transaction history
Haydev Investments LLC · 3 yrs held
Haydev Investments LLC
since 2022
Last sale
$1.0M
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 Ontario submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ontario 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
$1,165,000
ML approach
$1,010,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±10% · vs last sale $1.00M (Dec 29 2022)
Last sale anchor
$1.00M
Dec 29 2022
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
$93 / 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
$14,798
Tax year 2024
Assessed value
$1,352,595
Assessed 2024
Previous assessed
$1,352,595
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$351,496
Assessed improvement
$1,001,099
Applied tax rate
4.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Total area
11,205 SF
Lot
0.61 ac (26,425 SF)
APN
1050-171-13-0000
UPID
US10-1019097
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
Haydev Investments LLC
Entity
Mailing address
3535 INLAND EMPIRE BLVD, ONTARIO, CA 91764-4908
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2022
—
Haydev Investments LLC
Todd Launchbaugh
Intrafamily Transfer
related
$750,000 · Citizens Business Bank
Jan 13, 2021
—
Launchbaugh Fam Living Trust
—
Deed
related
—
Mar 13, 2017
$389,500
Launchbaugh Family Trust
Oerp LLC
Grant Deed
—
Jul 13, 2016
—
Todd Launchbaugh
Todd Steven Launchbaugh
Intrafamily Transfer
related
$750,000 · Community Bank
Dec 18, 2015
—
Oerp LLC
Ostlund,scott R
Quit Claim Deed
—
Oct 20, 2005
—
Scott R Ostlund
Ostlund,aleta
Quit Claim Deed
related
—
Oct 20, 2005
$1,000,000
Todd Steven Launchbaugh
Vincent J Stagliano
Grant Deed
$700,000 · Pff Bank & Trust
—
—
Launchbaugh Fam Living Trust
—
Loan Modification
related
—
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.
Try Rey
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