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

    16296 Merrill Ave Fontana, CA 92335-2322

    • Apartment buildings
    • 38,808 SF
    • 2.19 lot acres
    OFF-MARKET
    Value Estimations
    $6,330,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1545221
    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

    • Las Brisas Apartments / Apartment Building

    Property Details for 16296 Merrill Ave

    Year built
    1989
    Construction
    WOOD FRAME
    Lot size
    2.19 lot acres
    Property size
    38,808 SF
    Property type
    Apartment buildings
    APN
    0191-182-57-0000
    APU
    191182570000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,755,000
      6.5%
      $8,080,000
      7%
      $7,505,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $8,970,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fontana
    County
    San Bernardino
    State
    California
    Longitude
    -117.449
    Latitude
    34.0926
    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
    $85,765
    $1,119,371
    $5,596,854
    $6,716,225
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $795,000
      5.86 Acres

      14951 Foothill Blvd

      APARTMENT HOUSE (100+ UNITS) • 5.86 Acres
      14951 Foothill Blvd, Fontana, CA 92335-8420
      View Details
    • Value Estimation by Request
      0.30 Acres

      14900 Arrow Blvd

      APARTMENT HOUSE (5+ UNITS) • 0.30 Acres
      14900 Arrow Blvd, Fontana, CA 92335-3133
      View Details
    • Value Estimation
      $7,745,000
      50,640 SF

      10033 Juniper Ave

      APARTMENT HOUSE (5+ UNITS) • 50,640 SF
      10033 Juniper Ave, Fontana, CA 92335-9208
      View Details
    • Value Estimation
      $9,850,000
      62,528 SF

      16153 Merrill Ave

      APARTMENT HOUSE (5+ UNITS) • 62,528 SF
      16153 Merrill Ave, Fontana, CA 92335-4557
      View Details
    • Value Estimation
      $5,340,000
      46,480 SF

      16324 Merrill Ave

      APARTMENT HOUSE (5+ UNITS) • 46,480 SF
      16324 Merrill Ave, Fontana, CA 92335-4568
      View Details
    • Value Estimation
      $2,750,000
      16,170 SF

      9215 Date St

      APARTMENT HOUSE (5+ UNITS) • 16,170 SF
      9215 Date St, Fontana, CA 92335-8726
      View Details

    Similar Nearby for Sale

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      Remodeled Mobile Home in Family Park

      Remodeled 2-bedroom mobile home with community amenities.
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      Fontana Quadruplex For Sale

      Quadruplex in Fontana, CA, built in 1981.
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      Fontana 4-Plex with Expansion Potential

      Well-maintained 4-plex with private yards and expansion potential.
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      Remodeled Condo with Private Patio

      Three-bedroom, 1.5-bathroom condo with remodeled kitchen and attached two-car garage.
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      Fontana Fourplex with New ADU

      Four-unit property in Fontana with potential for high income.
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    Similar Nearby for Lease

    • Contact for pricing
      28,284 SF

      Fontana Cross Dock Facility

      28,284 SF cross dock facility with shop on 9.49 acres.
      10223 Calabash Ave, Fontana, CA 92335
      View Details
    • $22,812
      17,250 SF

      Fontana Warehouse and Office Space

      Warehouse and office space for lease in Fontana, California.
      14644 El Molino St, Fontana, CA 92335
      View Details
    • $1.30 SF/Yr
      17,224 SF

      Industrial Building with Fenced Yard

      Industrial building featuring office space and a large fenced yard.
      8606 Sultana Ave, Fontana, CA 92335
      View Details
    • $1.65 SF/Yr
      10,400 SF

      New Construction Multi-Tenant Building

      New construction industrial space with office, ground level door.
      15252 Vly Blvd Unit C1, Fontana, CA 92335
      View Details
    • Contact for pricing

      Industrial Space with Fenced Yard

      Well-maintained industrial park with office, mezzanine, and fenced yard.
      14662 El Molino St, Fontana, CA 92335
      View Details
    • $0.57 SF/Yr
      56,199 SF

      Secured Yard with Office/Shop Buildings

      1.29 acre paved yard with office and shop buildings.
      14675 Valley Blvd, Fontana, CA 92335
      View Details
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    16296 Merrill Ave
    Fontana, CA 92335-2322
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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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