Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    12968 Central Ave Chino, CA 91710-4121
    Back to Search
    Property profile & analytics

    12968 Central Ave, Chino, CA 91710-4121

    View on Map
    • Retail space
    • 1,456 SF
    • 0.16 lot acres
    Off-Market
    Last Sale Nov 1, 2022
    $1,318,000
    Property ID
    US10-1164564
    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.
    Value Estimations
    $1,085,000
    Show details
    Cap Rate Potential
    2%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Chino Florist & Gifts / (Bike/Boat/Book/etc) Store / Florist

    Property Details for 12968 Central Ave

    Year built
    1940
    Construction
    WOOD
    Lot size
    0.16 lot acres
    Property type
    Retail space
    APN
    1020-041-18-0000
    APU
    1020041180000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 1, 2022 $1,318,000 Steven Sungwon Lee Rhea R Fikse Grant Deed —
    Jun 3, 2002 $381,500 Veldhuis Trust Leonardo,elda Grant Deed $270k · Chino Commercial Bank NA
    Jun 3, 2002 — Elda Leonardo Leonardo,tony G Quit Claim Deed · related —
    Oct 12, 2001 $276,000 Joe Cota Estate Peich,anthony J Grant Deed —
    Nov 3, 1995 — Anthony J Peich — Deed Of Trust · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,045,000
      ML approach
      $1,235,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Chino
    County
    San Bernardino
    State
    California
    Longitude
    -117.69
    Latitude
    34.0179
    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
    $11,652
    $127,500
    $956,760
    $1,084,260
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $5,755,000
      21,432 SF

      12160 Central Ave

      RETAIL STORES (PERSONAL SERVICES)
      12160 Central Ave, Chino, CA 91710-2420
      View Details
    • Value Estimation
      $1,820,000
      7,858 SF

      13525 Central Ave

      RETAIL STORES (PERSONAL SERVICES)
      13525 Central Ave, Chino, CA 91710-5106
      View Details
    • Value Estimation by Request
      0.16 Acres

      13138 Central Ave

      RETAIL STORES (PERSONAL SERVICES)
      13138 Central Ave, Chino, CA 91710-4125
      View Details
    • Value Estimation
      $1,785,000
      7,548 SF

      5260 Francis Ave

      RETAIL STORES (PERSONAL SERVICES)
      5260 Francis Ave, Chino, CA 91710-1925
      View Details
    • Value Estimation
      $785,000
      7,200 SF

      12552 Central Ave

      RETAIL STORES (PERSONAL SERVICES)
      12552 Central Ave, Chino, CA 91710-3507
      View Details
    • Value Estimation by Request
      1,040 SF

      12924 Central Ave

      RETAIL STORES (PERSONAL SERVICES)
      12924 Central Ave, Chino, CA 91710-4121
      View Details

    Similar Nearby for Sale

    • $350,000
      Pending

      Established Business Opportunity in Chino

      Profitable mail box store for sale in Chino, California.
      12403 Central Ave, Chino, CA 91710
      View Details
    • $2,017,000
      4,840 SF

      Retail Opportunity in Growing Market

      Prime retail location near freeways and industrial hub.
      4653 Riverside Dr, Chino, CA 91710
      View Details
    • $24,800,000

      Pomona Ranch Plaza Investment Opportunity

      Retail investment portfolio with upside, anchored by Tesla charging stations.
      50 Rancho Camino Dr, Pomona, CA 91710
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      21,440 SF

      Retail Space in Chino Center

      Retail space for lease in a neighborhood shopping center.
      12059 Central Ave, Chino, CA 91710
      View Details
    • Contact for pricing
      505 SF

      Retail Space in Chino Promenade

      505 SF retail space in a vibrant Chino neighborhood.
      5460 Philadelphia St, Chino, CA 91710
      View Details
    • Contact for pricing
      9,500 SF

      Chino Retail Space For Rent

      Retail spaces available in a premier Chino power center.
      3808 Grand Ave, Chino, CA 91710
      View Details
    • Contact for pricing

      Remodeled Retail Suite For Rent

      Retail suite in warm shell condition available for rent.
      12150 Ramona Ave, Chino, CA 91710
      View Details
    • Contact for pricing

      Retail Spaces Available For Rent

      Retail spaces available, ranging from 1,298 to 64,028 SqFt.
      Sec Chino Hl Pkwy & Ramona Ave, Chino, CA 91710
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12968 Central Ave
    Chino, CA 91710-4121
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    12968 Central Ave, Chino, CA, 91710
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!