Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$14,120,000
Flex space
2000 Grv Ave Ontario, CA 91761-4846
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0915250
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
36,400 SF
Lot
1.34 ac (58,231 SF)
APN
1050-491-15-0000
UPID
US10-0915250
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
-
Perfume Aroma Cosmetic Store
-
Farmers Insurance Insurance Agency
-
Ferguson Duane F CPA Accounting Firm Tax Preparation
-
Chas Portable Toilet Rental Building Supply
-
Plusrite USA Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.72M
Blend (final)
Blend
$14.12M
Owner & transaction history
Civf Vii Ca4w02 LLC · 3 yrs held
Civf Vii Ca4w02 LLC
since 2022
Last sale
$15.4M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$17.1M
+39.4%
Commercial (general)
$16.1M
+30.9%
Office building
$15.8M
+29.0%
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
$17,920,000
ML approach
$9,445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$12,270,000
Current use
RESTAURANT
$17,110,000
Change: +39% · Conversion: Difficult
COMMERCIAL (GENERAL)
$16,060,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$15,825,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$11,080,000
Change: -10% · Conversion: Easy
MEDICAL BUILDING
$10,530,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$14.12M
Range $12.71M – $15.53M · ±10% · vs last sale $15.37M (Aug 9 2022)
Last sale anchor
$15.37M
Aug 9 2022
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
$388 / 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
$171,136
Tax year 2024
Assessed value
$15,677,400
Assessed 2024
Previous assessed
$15,677,400
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$3,570,000
Assessed improvement
$12,107,400
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Total area
36,400 SF
Lot
1.34 ac (58,231 SF)
APN
1050-491-15-0000
UPID
US10-0915250
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
INDUSTRIAL (GENERAL) Current
Est. value
$12.3M
RESTAURANT
Est. value
$17.1M
COMMERCIAL (GENERAL)
Est. value
$16.1M
OFFICE BUILDING
Est. value
$15.8M
AUTO REPAIR, GARAGE
Est. value
$11.1M
MEDICAL BUILDING
Est. value
$10.5M
INDUSTRIAL (GENERAL) Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Lot
1.34 ac
Current owner
From public records · entity-resolved
Civf Vii Ca4w02 LLC
Entity
Mailing address
2151 MICHELSON DR STE #282, IRVINE, CA 92612-1374
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2024
—
Civf Vii Ca4w02 LLC
—
Deed
related
$115,800,000 · Sumitomo Mitsui Banking Corp
Aug 9, 2022
$15,370,000
Civf Vii Ca4w02 LLC
Julie Kung
Grant Deed
—
Aug 9, 2022
—
Kft Investment LLC
Kft Investment LLC
Intrafamily Transfer
related
—
Dec 23, 2019
—
Kft Investment LLC
K & T Investment LLC
Grant Deed
—
Mar 15, 2004
$2,764,000
K & T Investment LLC
Grove Ontario Business Ctr LLC
Deed Of Trust
related
$1,935,000 · Cathay Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2000 Grv Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
