Add Listing
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

    16991 Merrill Ave Fontana, CA 92335-8620

    • Apartment buildings
    • 22,532 SF
    • 0.84 lot acres
    OFF-MARKET
    Value Estimations
    $2,155,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1544139
    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

    • Triumph Fire Protection Fontana / General Contractor / Security Service
    • Apollo Garage Door Install & Repair / Building Supply / General Contractor
    • Omega Trее / Landscaping / General Contractor
    • Clearlight Infrared Saunas Fontana / Gym & Fitness Center / Spa & Massage Center

    Property Details for 16991 Merrill Ave

    Year built
    1979
    Construction
    WOOD FRAME
    Lot size
    0.84 lot acres
    Property size
    22,532 SF
    Property type
    Apartment buildings
    APN
    0194-011-07-0000
    APU
    194011070000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,232,000
      Market price range: $2.18M - $6.85M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fontana
    County
    San Bernardino
    State
    California
    Longitude
    -117.434
    Latitude
    34.0917
    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
    $18,034
    $189,835
    $969,855
    $1,159,690
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,605,000
      21,748 SF

      16982 San Bernardino Ave

      APARTMENT HOUSE (5+ UNITS) • 21,748 SF
      16982 San Bernardino Ave, Fontana, CA 92335-1701
      View Details
    • Value Estimation
      $5,875,000
      37,920 SF

      16743 San Bernardino Ave

      APARTMENT HOUSE (5+ UNITS) • 37,920 SF
      16743 San Bernardino Ave, Fontana, CA 92335-9217
      View Details
    • Value Estimation
      $7,500,000
      82,296 SF

      16200 Arrow Blvd

      APARTMENT HOUSE (100+ UNITS) • 82,296 SF
      16200 Arrow Blvd, Fontana, CA 92335-7762
      View Details
    • Value Estimation
      $7,720,000
      52,616 SF

      8347 Laurel Ave

      APARTMENT HOUSE (5+ UNITS) • 52,616 SF
      8347 Laurel Ave, Fontana, CA 92335-8549
      View Details
    • Value Estimation
      $1,550,000
      5,946 SF

      9064 Sewell Ave

      APARTMENT HOUSE (5+ UNITS) • 5,946 SF
      9064 Sewell Ave, Fontana, CA 92335-4644
      View Details
    • Value Estimation
      $4,840,000
      32,984 SF

      16254 Ceres Ave

      APARTMENT HOUSE (5+ UNITS) • 32,984 SF
      16254 Ceres Ave, Fontana, CA 92335-4560
      View Details

    Similar Nearby for Sale

    • $1,050,000

      Fontana 4-Plex with Expansion Potential

      Well-maintained 4-plex with private yards and expansion potential.
      16158 Ceres Ave, Fontana, CA 92335
      View Details
    • $799,000
      1,571 SF

      Fontana Duplex with Income Potential

      Rare remodeled duplex with R-2 zoning and income potential.
      16748 Athol 16744, Fontana, CA 92335
      View Details
    • $675,000
      Pending

      Fontana Duplex with Income Potential

      Income-producing duplex in Fontana near schools, shopping, and freeways.
      18264 Pine Ave, Fontana, CA 92335
      View Details
    • $915,000
      2,627 SF

      Fontana Multifamily Residence with ADU

      Two homes and a newly constructed ADU on a large lot.
      9607 Cypress Ave, Fontana, CA 92335
      View Details
    • Contact for pricing
      1,140 SF

      Remodeled Condo with Private Patio

      Three-bedroom, 1.5-bathroom condo with remodeled kitchen and attached two-car garage.
      16600 Seville Ave, Fontana, CA 92335
      View Details
    • $1,150,000

      Fontana Fourplex with New ADU

      Four-unit property in Fontana with potential for high income.
      9386 Olive St, Fontana, CA 92335
      View Details

    Similar Nearby for Lease

    • $4,239 /Mo

      Foothill Blvd Specialty Property

      Specialty property available for rent on Foothill Blvd.
      17284 Foothill Blvd, Fontana, CA 92335
      View Details
    • $1.75 SF/Yr
      1,528 SF

      Creative Office Space For Rent

      Open floor plan ready for transformation in Fontana, CA.
      17057 Foothill Blvd, Fontana, CA 92335
      View Details
    • $2,760 /Mo

      Retail Space in Fontana, CA

      Retail space suitable for various businesses in Fontana, CA.
      17250 Foothill Blvd, Fontana, CA 92335
      View Details
    • Contact for pricing

      Retail Space in Fontana Center

      Retail spaces available in Fontana, anchored by ALDI & Dollar Tree.
      10044 Sierra Ave, Fontana, CA 92335
      View Details
    • Contact for pricing
      226,512 SF

      Fontana Land with Secured Yard

      5.2 acres with maintenance facility and secured yard.
      9979 Cherry Ave, Fontana, CA 92335
      View Details
    • $1.65 SF/Yr
      2,080 SF

      Fontana Flex Space Available

      New construction flex space with office in Fontana, California.
      15252 W Valley Blvd, Fontana, CA 92335
      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.
    16991 Merrill Ave
    Fontana, CA 92335-8620
    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.
    Sign Up Successful!
    You now have access to more from Realmo!