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Property profile & analytics
OFF-MARKET
Estimated value
$120,355,000
Distribution centers
1800 Wineville Ave Ontario, CA 91761-3666
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US10-1337369
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
489,989 SF
Lot
24.49 ac (1,066,784 SF)
APN
0238-152-23-0000
UPID
US10-1337369
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
-
AUTOZONE WAREHOUSE #10 Auto Parts Store
-
AutoZone Distribution Center Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$112.83M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$120.36M
Owner & transaction history
Highway Borrower LLC · 3 yrs held
Highway Borrower LLC
since 2023
Last sale
$125.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$165.2M
+29.5%
Auto repair, garage
$149.2M
+16.9%
Medical building
$141.8M
+11.1%
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
$118,590,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$122,235,000
6.5%
$112,830,000
7%
$104,770,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$127,590,000
Current use
INDUSTRIAL (GENERAL)
$165,175,000
Change: +29% · Conversion: Easy
AUTO REPAIR, GARAGE
$149,180,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$141,770,000
Change: +11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$131,900,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$120.36M
Range $108.32M – $132.39M · ±10% · vs last sale $125.00M (Mar 17 2023)
Last sale anchor
$125.00M
Mar 17 2023
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
$246 / 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
$1,337,446
Tax year 2024
Assessed value
$127,500,000
Assessed 2024
Previous assessed
$127,500,000
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$43,523,400
Assessed improvement
$83,976,600
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
2
Units
1
Total area
489,989 SF
Lot
24.49 ac (1,066,784 SF)
APN
0238-152-23-0000
UPID
US10-1337369
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
$127.6M
INDUSTRIAL (GENERAL)
Est. value
$165.2M
AUTO REPAIR, GARAGE
Est. value
$149.2M
MEDICAL BUILDING
Est. value
$141.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$131.9M
WAREHOUSE, STORAGE Current
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
2
Units
1
Lot
24.49 ac
Current owner
From public records · entity-resolved
Highway Borrower LLC
Entity
Mailing address
PO BOX A3879, CHICAGO, IL 60690-3879
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2023
$125,000,000
Highway Borrower LLC
Greater La Ontario Holdco LLC
Grant Deed
$81,250,000 · Everlake Life Insurance Company
Mar 17, 2023
—
Autozone West LLC
Greater La Ontario Holdco LLC
Lease
—
Oct 13, 2022
—
Autozone West LLC
Greater La Ontario Holdco LLC
Lease
—
Jul 3, 2018
—
Greater La Ontario Holdco LLC
Ontario Indl Ptrs INC
Quit Claim Deed
related
—
Nov 2, 1998
—
Ont Ind Ptnrs
Inland Empire Rlty Holdin,
Trustees Deed
related
—
Jul 14, 1988
—
Realty C Thrifty
Ontario Redevelo
Grant Deed
related
—
—
—
Ontario Industrial
—
Deed Of Trust
related
$18,360,000 · Northwestern Mutual Life Ins
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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