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

    1248 Merrill Ave Rialto, CA 92376-9103

    • Retail space
    • 4,500 SF
    • 1.15 lot acres
    OFF-MARKET
    Last Sale
    Aug 12, 2021
    $1,045,000
    Value Estimations
    $1,050,000
    Show details
    Cap Rate Potential
    4.5%
    Retail space
    Location Intelligence
    Property ID
    US10-1484113
    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

    • Valley Ice Cream / Candy Store / Ice Cream Shop

    Property Details for 1248 Merrill Ave

    Year built
    2006
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.15 lot acres
    Property size
    4,500 SF
    Property type
    Retail space
    APN
    0128-062-20-0000
    APU
    128062200000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,175,000
      ML approach
      $1,205,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $885,000
      6.5%
      $815,000
      7%
      $755,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,011,000
      Market price range: $375k - $1.01M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,000,000
      Current use
      COMMERCIAL (GENERAL)
      $1,550,000
      Change: +55% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,370,000
      Change: +37% Conversion: Difficult
      MEDICAL BUILDING
      $1,300,000
      Change: +30% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,210,000
      Change: +21% Conversion: Moderate
      WAREHOUSE, STORAGE
      $1,145,000
      Change: +15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Rialto
    County
    San Bernardino
    State
    California
    Longitude
    -117.395
    Latitude
    34.0929
    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
    $14,589
    $696,931
    $423,519
    $1,120,450
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      6,500 SF

      210 Hwy & Riverside Ave

      Individual retail properties • 6,500 SF
      210 Hwy & Riverside Ave, Rialto, CA 92376
      View Details
    • Value Estimation
      $2,330,000
      14,480 SF

      241 Base Line Rd

      RETAIL STORES (PERSONAL SERVICES) • 14,480 SF
      241 Base Line Rd, Rialto, CA 92376-3512
      View Details
    • Value Estimation
      $1,055,000
      5,005 SF

      306 Foothill Blvd

      RETAIL STORES (PERSONAL SERVICES) • 5,005 SF
      306 Foothill Blvd, Rialto, CA 92376-5152
      View Details
    • Value Estimation by Request
      2,500 SF

      138 Riverside Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,500 SF
      138 Riverside Ave, Rialto, CA 92376-6414
      View Details
    • Value Estimation
      $530,000
      1,980 SF

      150 Riverside Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,980 SF
      150 Riverside Ave, Rialto, CA 92376-6414
      View Details
    • Value Estimation by Request
      1,440 SF

      212 Riverside Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,440 SF
      212 Riverside Ave, Rialto, CA 92376-6453
      View Details

    Similar Nearby for Sale

    • $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
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      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
    • $2,999,000

      Foothill Blvd Retail Investment Opportunity

      Freestanding retail building on high-traffic Foothill Blvd in Rialto.
      185 E Foothill Blvd, Rialto, CA 92376
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    • Contact for pricing
      900 SF

      Established Water and Ice Business

      Fully equipped water and ice business in a high-traffic location.
      245 E Baseline St, 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
    • $3,250,000
      18,224 SF

      Rialto Retail Building - Route 66

      Prime Rialto location, high traffic, 18,224 SF
      333 Foothill Blvd, Rialto, CA 92376
      View Details

    Similar Nearby for Lease

    • 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
      6,000 SF

      Rialto Retail Space Available

      Retail spaces for lease in Rialto, California.
      380 W Foothill Blvd, Rialto, CA 92376
      View Details
    • $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
      2,000 SF

      Rialto Retail Space Available

      Retail space available for lease in Rialto, California.
      120 W Base Line Rd, 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
    • $125,000
      217,800 SF

      Rialto Freeway QSR Development Site

      High-traffic QSR & Hotel Land
      1944 Alder Ave, Rialto, CA 92376
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    1248 Merrill Ave
    Rialto, CA 92376-9103
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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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