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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1185 Renaissance Pkwy Rialto, CA 92376-2415

    • Strip malls
    • 8,238 SF
    • 1.91 lot acres
    OFF-MARKET
    Last Sale
    Mar 11, 2021
    $5,353,000
    Value Estimations
    $5,465,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1041720
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Coffee Nutzz / Coffee Shop / Ice Cream Shop
    • European Wax Center / Waxing Hair Removal Service / Beauty Salon
    • California Fish Grill / Seafood Restaurant / Fish & Chips Restaurant

    Property Details for 1185 Renaissance Pkwy

    Year built
    2018
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.91 lot acres
    Property size
    8,238 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    0264-152-50-0000
    APU
    264152500000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,265,000
      ML approach
      $6,400,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,944,000
      Market price range: $893k - $3.94M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $4,995,000
      RESTAURANT
      $3,870,000
      OFFICE BUILDING
      $3,580,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rialto
    County
    San Bernardino
    State
    California
    Longitude
    -117.394
    Latitude
    34.133
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $74,973
    $2,257,190
    $3,423,248
    $5,680,438
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,200,000
      37,315 SF

      2810 Rialto Ave, Unit 2878

      SHOPPING CENTER, STRIP CENTER • 37,315 SF
      2810 Rialto Ave, Rialto, CA 92376-6743
      View Details
    • Value Estimation
      $1,750,000
      17,778 SF

      483 Base Line Rd

      SHOPPING CENTER, STRIP CENTER • 17,778 SF
      483 Base Line Rd, Rialto, CA 92376
      View Details
    • Value Estimation by Request
      1,350 SF

      148 Foothill Blvd

      SHOPPING CENTER, STRIP CENTER • 1,350 SF
      148 Foothill Blvd, Rialto, CA 92376-5046
      View Details
    • Value Estimation by Request
      3,176 SF

      372 Riverside Ave

      SHOPPING CENTER, STRIP CENTER • 3,176 SF
      372 Riverside Ave, Rialto, CA 92376
      View Details
    • Value Estimation
      $3,425,000
      34,200 SF

      1304 Foothill Blvd

      SHOPPING CENTER, STRIP CENTER • 34,200 SF
      1304 Foothill Blvd, Rialto, CA 92376-4666
      View Details
    • Value Estimation
      $1,005,000
      7,070 SF

      885 Foothill Blvd

      SHOPPING CENTER, STRIP CENTER • 7,070 SF
      885 Foothill Blvd, Rialto, CA 92376-5229
      View Details

    Similar Nearby for Sale

    • $1,750,000

      Rialto Retail/Office Investment Opportunity

      Ten-unit retail/office building in high-traffic Rialto location.
      420 S Riverside Ave, Rialto, CA 92376
      View Details
    • $1,500,000
      2,175 SF

      Rialto Retail/Office Redevelopment Opportunity

      Freestanding building on Foothill Blvd, ideal for owner-user or redevelopment.
      162 W Foothill Blvd, Rialto, CA 92376
      View Details
    • $1,100,000
      4,500 SF

      Downtown Rialto Retail/Office Building

      Multi-tenant retail/office building in Downtown Rialto with value-add potential.
      123 S Riverside Ave, Rialto, CA 92376
      View Details
    • $2,753,000

      NNN Dutch Bros Investment Opportunity

      Corporate guaranteed Dutch Bros ground lease with zero landlord obligations.
      1020 W Renaissance Pkwy, Rialto, CA 92376
      View Details
    • $1,599,000
      5,880 SF

      Rialto Retail Building For Sale

      Seven-unit retail building with diverse tenants on a large lot.
      106 N Riverside Ave, Rialto, CA 92376
      View Details
    • $1,700,000

      Rialto Drive-Thru Restaurant Opportunity

      Freestanding drive-thru restaurant on a high-traffic corner lot.
      201 W Foothill Blvd, Rialto, CA 92376
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      1,000 SF

      Rialto Retail Center Investment Opportunity

      High-traffic Rialto retail space available.
      708 Foothill Blvd, Rialto, CA 92376
      View Details
    • $3 SF/Yr
      15,120 SF

      Former Restaurant Space Available

      Former restaurant space in prime food court location.
      1155 W Renaissance Pkwy, Rialto, CA 92376
      View Details
    • $1.50 SF/Yr

      Rialto Market Plaza Retail Space

      Retail space in Rialto shopping center with high visibility.
      560 West Foothill Blvd, Rialto, CA 92376
      View Details
    • $60 SF/Yr
      2,500 SF

      Rialto Retail Build-to-Suit

      Prime Rialto location, 2,500 sqft, fast food ready.
      303 Foothill Blvd, Rialto, CA 92376
      View Details
    • Contact for pricing
      6,500 SF

      Rialto Retail Center - For Lease

      High-Visibility Retail Space Available
      210 Hwy & Riverside Ave, Rialto, CA 92376
      View Details
    • Contact for pricing
      13,182 SF

      Rialto Retail Center - I-210 Visibility

      Prime Rialto retail spaces, freeway access.
      & I-210 Swc Pepper Ave, Rialto, CA 92376
      View Details
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    1185 Renaissance Pkwy
    Rialto, CA 92376-2415
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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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