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

    170 Mindanao St Bloomington, CA 92316

    • Industrial properties
    • 14,294 SF
    • 0.64 lot acres
    For Sale
    View listing
    $3,585,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0823887
    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

    • QUALITY TECH MANUFACTURING INC / Manufacturer

    Property Details for 170 Mindanao St

    Year built
    1990
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.64 lot acres
    Property size
    14,294 SF
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    0258-191-05-0000
    APU
    258191050000

    Description

    This exceptional 15,763-square-foot industrial property, located at 170 W Mindanao St, Bloomington, CA 92316, presents a compelling investment opportunity. Situated on a 0.64-acre lot, this warehouse and manufacturing facility boasts a Heavy Industrial (H-ID) zoning designation under the Agua Mansa Specific Plan. Built in 1990, the building features a spacious layout with 13,763 square feet dedicated to industrial use and an additional 2,000 square feet of office space. The office area includes three private offices, a reception area, a bullpen, a coffee bar, and a restroom. The warehouse itself offers significant advantages, including two 12' x 14' drive-in doors and two similarly sized truck well doors, ensuring efficient loading and unloading. Ceiling heights range from a minimum of 17'9" to a maximum of 18'11", providing ample vertical space for various operations. The property is fully fenced and equipped with robust electrical service: 600 Amps, 120/240 Volts, and 3-phase power. Additional features include floor drains, a three-stage clarifier, and a one-inch gas line to the building. The asking price is $3,585,000. Available February 1, 2025. APN: 0258-191-05-0000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $814,000
      Market price range: $490k - $6.83M

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

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    San Bernardino
    State
    California
    Longitude
    -117.372
    Latitude
    34.0604
    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
    2024
    $7,889
    $149,968
    $499,906
    $649,874
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,025,000
      11,153 SF

      2235 Vis Ave

      INDUSTRIAL LOFT BUILDING • 11,153 SF
      2235 Vis Ave, Bloomington, CA 92316-2921
      View Details
    • Value Estimation
      $2,100,000
      28,275 SF

      17781 Vly Blvd Ste A

      INDUSTRIAL LOFT BUILDING • 28,275 SF
      17781 Vly Blvd Ste A, Bloomington, CA 92316-1991
      View Details
    • Value Estimation
      $1,620,000
      18,958 SF

      169 Mindanao St

      INDUSTRIAL LOFT BUILDING • 18,958 SF
      169 Mindanao St, Bloomington, CA 92316-2946
      View Details
    • Value Estimation
      $620,000
      6,656 SF

      2260 Riverside Ave

      INDUSTRIAL LOFT BUILDING • 6,656 SF
      2260 Riverside Ave, Bloomington, CA 92316-2930
      View Details
    • Value Estimation
      $1,645,000
      12,742 SF

      139 Mindanao St

      INDUSTRIAL LOFT BUILDING • 12,742 SF
      139 Mindanao St, Bloomington, CA 92316-2946
      View Details
    • Value Estimation
      $880,000
      7,200 SF

      2610 Riverside Ave

      INDUSTRIAL LOFT BUILDING • 7,200 SF
      2610 Riverside Ave, Bloomington, CA 92316-3271
      View Details

    Similar Nearby for Sale

    • $3,585,000
      15,763 SF

      Bloomington Industrial Warehouse

      15,763 SF Warehouse, Manufacturing Space
      170 Mindanao St, Bloomington, CA 92316
      View Details
    • Contact for pricing
      1.97 Acres

      Bloomington Industrial Land - 1.97 Acres

      Prime Commercial/Industrial Land, High Visibility
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    • $3,585,000
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      Industrial Building with Unique Features

      Freestanding industrial building featuring private offices and specialized equipment.
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      Rialto Warehouse: Prime Location

      Industrial Warehouse, 20,559 SF, CA
      169 Mindanao St, Bloomington, CA 92316
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    • $1,900,000
      3,286 SF

      10346 Locust Ave, Bloomington, CA 92316

      Industrial properties • 3,286 SF
      10346 Locust Ave, Bloomington, CA 92316
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    Similar Nearby for Lease

    • $1.35 SF/Yr
      6,656 SF

      Industrial Building with Expandable Warehouse

      Freestanding industrial building with expandable warehouse and fenced yard.
      2260 S Riverside Ave, Bloomington, CA 92316
      View Details
    • Contact for pricing
      402,924 SF

      Rialto Warehouse with Secured Truck Court

      402,924 SF warehouse with secured truck court available for lease.
      562-568 Santa Ana Ave, Bloomington, CA 92316
      View Details
    • Contact for pricing
      47,809 SF

      Transloading Warehouse with Trailer Stalls

      47,809 SF warehouse with 85 dock positions and office.
      2238 S Lilac Ave, Bloomington, CA 92316
      View Details
    • Contact for pricing
      119,860 SF

      Industrial Space with Office Area

      Industrial property featuring office space, dock doors, and sprinkler system.
      322 Jurupa Ave, Bloomington, CA 92316
      View Details
    • Contact for pricing
      261,632 SF

      Bloomington Warehouse - 261,632 SF

      Massive warehouse, ideal for large-scale operations.
      19275 Slover Ave, Bloomington, CA 92316
      View Details
    • $0.44 SF/Yr
      1 SF

      Truck Yard with Office Space

      Fenced truck yard with office and maintenance areas.
      2005 S Date Ave, Bloomington, CA 92316
      View Details
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    Bloomington, CA 92316
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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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