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Property profile & analytics
OFF-MARKET
Estimated value
$42,805,000
Distribution centers
1651 Carlos Ave Ontario, CA 91761-7637
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US10-0963842
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
147,279 SF
Lot
6.02 ac (262,188 SF)
APN
0113-395-11-0000
UPID
US10-0963842
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
DHL Express Service Point Ontario Courier Service Postal Service
-
Red Chili transportation Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$33.92M
Comparable Approach
Comparable
$48.16M
Blend (final)
Blend
$42.81M
Owner & transaction history
Cabot IV -ca1m03 LLC · 9 yrs held
Cabot IV -ca1m03 LLC
since 2017
Last sale
$44.6M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$69.2M
+80.5%
Commercial (general)
$65.0M
+69.4%
Office building
$64.0M
+67.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ontario submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ontario submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$36,740,000
6.5%
$33,915,000
7%
$31,490,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$38,350,000
Current use
RESTAURANT
$69,225,000
Change: +81% · Conversion: Difficult
COMMERCIAL (GENERAL)
$64,980,000
Change: +69% · Conversion: Difficult
OFFICE BUILDING
$64,030,000
Change: +67% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$49,650,000
Change: +29% · Conversion: Easy
AUTO REPAIR, GARAGE
$44,840,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$42,610,000
Change: +11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$39,645,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$42.81M
Range $38.52M – $47.09M · ±10% · vs last sale $44.57M (Aug 5 2024)
Last sale anchor
$44.57M
Aug 5 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$291 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$219,961
Tax year 2024
Assessed value
$20,661,971
Assessed 2024
Previous assessed
$20,661,971
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$3,509,709
Assessed improvement
$17,152,262
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Total area
147,279 SF
Lot
6.02 ac (262,188 SF)
APN
0113-395-11-0000
UPID
US10-0963842
Jurisdiction
SAN BERNARDINO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$38.4M
RESTAURANT
Est. value
$69.2M
COMMERCIAL (GENERAL)
Est. value
$65.0M
OFFICE BUILDING
Est. value
$64.0M
INDUSTRIAL (GENERAL)
Est. value
$49.7M
AUTO REPAIR, GARAGE
Est. value
$44.8M
MEDICAL BUILDING
Est. value
$42.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$39.6M
WAREHOUSE, STORAGE Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Lot
6.02 ac
Current owner
From public records · entity-resolved
Cabot IV -ca1m03 LLC
Entity
Mailing address
PO BOX A3879, CHICAGO, IL 60690-3879
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2018
—
Breit Indl Canyon Ca1m03 LLC
—
Grant Deed
related
$1,100,000,000 · New York St Teachers' Retireme
Jan 18, 2017
$14,150,000
Cabot IV -ca1m03 LLC
Morgan & Sampson INC
Grant Deed
—
—
—
Morgan & Samson INC
—
Deed Of Trust
related
$155,000 · Bank Of America
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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