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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Investment properties
221 California St Ontario, CA 91761-2512
Individually Owned
4-yr Hold
Property ID
US10-1024222
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1915
Construction
FRAME
Total area
1,040 SF
Lot
0.25 ac (10,800 SF)
APN
1049-254-07-0000
UPID
US10-1024222
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
-
The Ultimate Warriors Boxing Academy Gym & Fitness Center Sports School
-
Helping Hands Ministry-Mt Zion Church
-
Mt Zion Economic Development Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$721k
Blend (final)
Blend
$540k
Owner & transaction history
Armando Olmedo · 4 yrs held
Armando Olmedo
since 2022
Last sale
$532,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$620,000
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$460,000
Current use
OFFICE BUILDING
$450,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $532k (Jan 26 2022)
Last sale anchor
$532k
Jan 26 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
$519 / 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
$5,892
Tax year 2023
Assessed value
$553,493
Assessed 2024
Previous assessed
$542,640
+2.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$192,474
Assessed improvement
$361,019
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1915
Construction
FRAME
Heating
FLOOR/WALL FURNACE
Cooling
NONE
Stories
1
Rooms
5
Bathrooms
1
Total area
1,040 SF
Lot
0.25 ac (10,800 SF)
APN
1049-254-07-0000
UPID
US10-1024222
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
COMMERCIAL (GENERAL) Current
Est. value
$460,000
OFFICE BUILDING
Est. value
$450,000
COMMERCIAL (GENERAL) Current
OFFICE 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
1915
Construction
FRAME
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Armando Olmedo
Individual
Mailing address
221 E CALIFORNIA ST, ONTARIO, CA 91761-2512
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2022
$532,000
Armando Olmedo
Christopher A Obregon
Grant Deed
$425,600 · Hometown Equity Mortgage
Dec 28, 2020
$432,000
Christopher A Obregon
Christopher Leon
Grant Deed
$424,175 · Paramount Residential Mortgage Grou
Dec 28, 2020
—
Christopher Leon
Lydia M Aguayo
Affidavit Of Death
related
—
Sep 19, 2018
—
Aguayo,lydia M 2018 Living Trust
Aguayo,lydia M
Quit Claim Deed
related
—
—
—
Lycia M Aguayo
—
Deed Of Trust
related
$80,000 · Wells Fargo Bank
—
—
Lycia M Aguayo
—
Deed Of Trust
related
$43,000 · Wells Fargo Bank
—
—
Lydia M Auayo
—
Deed Of Trust
related
$41,070 · Wells Fargo Bank
—
—
Lydia M Aguayd
—
Deed Of Trust
related
$80,000 · Wells Fargo 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.
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