Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1497 Mt Vernon Ave Colton, CA 92324-2324

    • Drive through restaurants
    • 2,030 SF
    • 0.48 lot acres
    OFF-MARKET
    Last Sale
    Dec 09, 2022
    $1,650,000
    Value Estimations
    $1,705,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1462925
    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

    • Chilango Tacos y Mariscos / Mexican Restaurant
    • Papis Mexican Food / Mexican Restaurant
    • Mr. Alex Burger / Hamburger Restaurant

    Property Details for 1497 Mt Vernon Ave

    Year built
    2002
    Construction
    WOOD FRAME
    Lot size
    0.48 lot acres
    Property size
    2,030 SF
    Property type
    Drive through restaurants
    APN
    0160-254-26-0000
    APU
    160254260000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,755,000
      ML approach
      $1,755,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,547,000
      Market price range: $441k - $1.55M

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

    Location Insight

    • Map
    • Local Demand
    City
    Colton
    County
    San Bernardino
    State
    California
    Longitude
    -117.314
    Latitude
    34.0842
    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
    $20,370
    $459,000
    $1,224,000
    $1,683,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $650,000
      2,319 SF

      833 Vly Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,319 SF
      833 Vly Blvd, Colton, CA 92324
      View Details
    • Value Estimation
      $410,000
      2,871 SF

      1199 Mt Vernon Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,871 SF
      1199 Mt Vernon Ave, Colton, CA 92324-2574
      View Details
    • Value Estimation
      $450,000
      2,065 SF

      1010 Washington St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,065 SF
      1010 Washington St, Colton, CA 92324-4104
      View Details
    • Value Estimation
      $420,000
      1,812 SF

      1620 Vly Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,812 SF
      1620 Vly Blvd, Colton, CA 92324-1807
      View Details
    • Value Estimation
      $410,000
      4,602 SF

      225 Vly Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,602 SF
      225 Vly Blvd, Colton, CA 92324-2933
      View Details
    • Value Estimation
      $405,000
      1,682 SF

      183 H St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,682 SF
      183 H St, Colton, CA 92324-2925
      View Details

    Similar Nearby for Sale

    • $200,000

      Established Restaurant with Beer/Wine License

      Full-service Mexican restaurant with beer and wine license for sale.
      837 W Valley Blvd, Colton, CA 92324
      View Details
    • $225,000

      Established Fusion Restaurant For Sale

      Successful Japanese/Mexican bistro in Colton, CA, opened in March 2020.
      610 W Valley Blvd, Colton, CA 92324
      View Details
    • $15,000,000
      13,450 SF

      Colton Gateway Center: Prime Retail Investment

      High-traffic QSR portfolio, strong NOI.
      1500-1590 Valley Blvd, Colton, CA 92324
      View Details
    • $489,900

      Established Baskin Robbins Franchise Opportunity

      Turnkey Baskin Robbins franchise with strong local partnerships and social media.
      12190 Perris Blvd, Moreno Valley, CA 92324
      View Details
    • $1,270,000
      7,927 SF

      Colton Warehouse with Retail Space

      7,927 SF building with retail and warehouse space.
      333 East Valley Blvd, Colton, CA 92324
      View Details
    • Contact for pricing
      10,000 SF

      Colton Retail Space: 8 Suites Available

      High-visibility retail space in prime Colton location.
      415, Colton, CA 92324
      View Details

    Similar Nearby for Lease

    • $2,700 /Mo
      3,982 SF

      Restaurant/Retail Space in Colton, CA

      Restaurant/retail space with existing equipment and flexible layout options.
      299 W Olive St, Colton, CA 92324
      View Details
    • Contact for pricing
      149,025 SF

      Colton Courtyard Retail Center

      Prime Inland Empire Retail Opportunity
      1300 Washington St, Colton, CA 92324
      View Details
    • $1,480,000
      5,104 SF

      Freeway Accessible Retail Building

      Single tenant retail building with restaurant equipment, near I-215.
      1141 S Mount Vernon Ave, Colton, CA 92324
      View Details
    • $5,430 /Mo
      1,810 SF

      Retail Space at Royal Truck

      1810 SF retail space in Colton, CA for lease.
      2300 E Steel Rd, Colton, CA 92324
      View Details
    • $12 SF/Yr
      11,371 SF

      Colton Retail Space Available

      High-Visibility Retail Units, Colton, CA
      415 Valley Blvd, Colton, CA 92324
      View Details
    • $18 SF/Yr
      21,436 SF

      Colton Retail Space - Huge Potential

      Prime Colton location, 21,436 sq ft, 1.38 acres.
      1481 La Cadena Dr, Colton, CA 92324
      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.
    1497 Mt Vernon Ave
    Colton, CA 92324-2324
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.