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    Property profile & analytics

    2156 Grv Ave Ontario, CA 91761-5619

    • Grocery and convenience stores
    • 2,468 SF
    • 0.87 lot acres
    OFF-MARKET
    Value Estimations
    $480,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1001581
    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

    • ampm / Supermarket / Tobacco Shop
    • LibertyX Bitcoin ATM / Atm
    • ARCO / Gas Station

    Property Details for 2156 Grv Ave

    Year built
    1986
    Construction
    WOOD
    Lot size
    0.87 lot acres
    Property size
    2,468 SF
    Property type
    Grocery and convenience stores
    APN
    1050-491-08-0000
    APU
    1050491080000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $460,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $723,000
      Market price range: $400k - $1.02M

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

    Location Insight

    • Map
    • Local Demand
    City
    Ontario
    County
    San Bernardino
    State
    California
    Longitude
    -117.629
    Latitude
    34.0344
    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
    $21,637
    $1,710,117
    $325,967
    $2,036,084
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $765,000
      37,100 SF

      3075 Archibald Ave

      GROCERY, SUPERMARKET • 37,100 SF
      3075 Archibald Ave, Ontario, CA 91761-7994
      View Details
    • Value Estimation
      $920,000
      22,922 SF

      720 Holt Blvd

      GROCERY, SUPERMARKET • 22,922 SF
      720 Holt Blvd, Ontario, CA 91761-1850
      View Details
    • Value Estimation
      $515,000
      3,173 SF

      3490 Jurupa St

      CONVENIENCE STORE (W/FUEL PUMP) • 3,173 SF
      3490 Jurupa St, Ontario, CA 91761-2904
      View Details
    • Value Estimation
      $430,000
      5,025 SF

      3500 Philadelphia St

      CONVENIENCE STORE (W/FUEL PUMP) • 5,025 SF
      3500 Philadelphia St, Ontario, CA 91761-2943
      View Details
    • Value Estimation
      $3,785,000
      5,192 SF

      1780 Grv Ave

      CONVENIENCE STORE (W/FUEL PUMP) • 5,192 SF
      1780 Grv Ave, Ontario, CA 91761-4518
      View Details
    • Value Estimation
      $355,000
      3,400 SF

      2525 Archibald Ave

      CONVENIENCE STORE (W/FUEL PUMP) • 3,400 SF
      2525 Archibald Ave, Ontario, CA 91761-6510
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      107 SF

      Grocery Anchored Retail Center

      High-visibility retail center anchored by Cardenas Markets.
      2450 S Vineyard Ave, Ontario, CA 91761
      View Details
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      Ontario Commercial Property For Sale

      Retail showroom, office, and warehouse near Ontario International Airport.
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    • $3,225,000
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      Turn-Key Used Car Lot

      Almost 1 acre lot with office and service bays.
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      Ontario Industrial Building with Yard

      Two-unit industrial building with private yard for sale.
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    • Contact for pricing
      1.49 Acres

      Downtown Ontario Commercial Land

      1.49-acre mixed-use development site.
      422 Emporia St, Ontario, CA 91761
      View Details
    • $2,350,000
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      Prime Ontario Commercial Land Pad

      High-visibility 60 FWY land, retail/medical zoning.
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    Similar Nearby for Lease

    • $4 SF/Yr
      1,106 SF

      Ontario Retail/Medical Space Available

      Retail or medical space in New Haven Marketplace, Ontario.
      3480 E Ontario Rnch Rd, Ontario, CA 91761
      View Details
    • $3 SF/Yr
      1,703 SF

      Retail Space For Lease

      Retail space available for lease in Ontario, California.
      2440-2450 S Vineyard Ave, Ontario, CA 91761
      View Details
    • Contact for pricing
      8,300 SF

      Retail Space For Lease

      Proposed retail space available for lease.
      2570 S Vineyard Ave, Ontario, CA 91761
      View Details
    • Contact for pricing
      73,000 SF

      Retail Space For Lease

      Proposed retail space available for lease.
      2448 S Vineyard Ave, Ontario, CA 91761
      View Details
    • $0.95 SF/Yr
      16,896 SF

      Ontario Warehouse/Showroom Space Available

      78,848 SF warehouse/showroom space with freeway access.
      2200-2236 S Vineyard Ave, Ontario, CA 91761
      View Details
    • $54 SF/Yr
      9,500 SF

      Ontario Restaurant & Retail Opportunity

      Prime location, drive-thru potential, 40,823 SF
      1185 Holt Blvd, Ontario, CA 91761
      View Details
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    2156 Grv Ave
    Ontario, CA 91761-5619
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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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