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Property profile & analytics
OFF-MARKET
Estimated value
$18,995,000
Parking lots & garages
2131 Convention Ctr Way Ontario, CA 91764-4452
Trust Owned
5-yr Hold
Free & Clear
Property ID
US10-1047494
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1999
Construction
CONCRETE
Total area
118,528 SF
Lot
5 ac (217,897 SF)
APN
0110-321-23-0000
UPID
US10-1047494
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
-
Mark Christopher Auto Center Car Dealership
-
GMC AT MARK CHRISTOPHER AUTO CENTER Car Dealership
-
Mark Christopher Cadillac Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.00M
Owner & transaction history
Generation Leggio Trust · 5 yrs held
Generation Leggio Trust
since 2020
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$30.1M
+40.5%
Commercial (general)
$27.1M
+26.4%
Restaurant
$21.6M
+0.8%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$21,420,000
Current use
OFFICE BUILDING
$30,085,000
Change: +40% · Conversion: Difficult
COMMERCIAL (GENERAL)
$27,060,000
Change: +26% · Conversion: Difficult
RESTAURANT
$21,600,000
Change: +1% · Conversion: Difficult
RETAIL STORES
$19,595,000
Change: -9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$17,490,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$19.00M
Range $17.10M – $20.89M · ±10%
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
$160 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$123,235
Tax year 2023
Assessed value
$11,978,789
Assessed 2024
Previous assessed
$11,743,910
+2.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$4,785,411
Assessed improvement
$7,193,378
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1999
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
3
Units
1
Total area
118,528 SF
Lot
5 ac (217,897 SF)
APN
0110-321-23-0000
UPID
US10-1047494
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
PARKING LOT Current
Est. value
$21.4M
OFFICE BUILDING
Est. value
$30.1M
COMMERCIAL (GENERAL)
Est. value
$27.1M
RESTAURANT
Est. value
$21.6M
RETAIL STORES
Est. value
$19.6M
AUTO REPAIR, GARAGE
Est. value
$17.5M
PARKING LOT Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
1999
Construction
CONCRETE
Heating
NONE
Stories
3
Buildings
2
Units
1
Lot
5 ac
Current owner
From public records · entity-resolved
Generation Leggio Trust
Trust
Free & Clear · 5 yrs held
Mailing address
PO BOX 98, UPLAND, CA 91785-0098
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2020
—
Generation Leggio Trust
Leggio Family Trust
Quit Claim Deed
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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