Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    234 Mtn Ave Ontario, CA 91762-3648

    • Auto shops
    • 1,500 SF
    • 0.61 lot acres
    OFF-MARKET
    Value Estimations
    $245,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1013472
    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

    • Auto shops

    Property Details for 234 Mtn Ave

    Year built
    1963
    Construction
    WOOD FRAME
    Lot size
    0.61 lot acres
    Property size
    1,500 SF
    Property type
    Auto shops
    APN
    1011-134-06-0000
    APU
    1011134060000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $280,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $205,000
      Market price range: $205k - $757k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $455,000
      Current use
      MEDICAL BUILDING
      $435,000
      Change: -5% Conversion: Difficult
      WAREHOUSE, STORAGE
      $410,000
      Change: -11% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $405,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Ontario
    County
    San Bernardino
    State
    California
    Longitude
    -117.67
    Latitude
    34.0613
    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
    $469
    $20,358
    $20,358
    $40,716
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $290,000
      4,000 SF

      821 State St

      AUTO REPAIR, GARAGE • 4,000 SF
      821 State St, Ontario, CA 91762-4130
      View Details
    • Value Estimation
      $1,600,000
      1,083 SF

      10841 Fremont Ave

      AUTO REPAIR, GARAGE • 1,083 SF
      10841 Fremont Ave, Ontario, CA 91762-3912
      View Details
    • Value Estimation
      $390,000
      1,984 SF

      216 San Antonio Ave

      AUTO REPAIR, GARAGE • 1,984 SF
      216 San Antonio Ave, Ontario, CA 91762-3723
      View Details
    • Value Estimation
      $385,000
      12,000 SF

      400 Holt Blvd

      AUTO REPAIR, GARAGE • 12,000 SF
      400 Holt Blvd, Ontario, CA 91762-3828
      View Details
    • Value Estimation
      $335,000
      1,240 SF

      1005 Holt Blvd

      AUTO REPAIR, GARAGE • 1,240 SF
      1005 Holt Blvd, Ontario, CA 91762-3635
      View Details
    • Value Estimation
      $290,000
      1.25 Acres

      5556 Msn Blvd

      AUTO REPAIR, GARAGE • 1.25 Acres
      5556 Msn Blvd, Ontario, CA 91762-4622
      View Details

    Similar Nearby for Sale

    • $3,500,000

      Retail Building For Sale

      Large retail building with residential lease potential.
      112 W B St, Ontario, CA 91762
      View Details
    • New
      $200,000
      798 SF

      Restaurant Business Opportunity in Ontario

      Restaurant business for sale in revitalizing Ontario corridor.
      765 W Holt Blvd, Ontario, CA 91762
      View Details
    • $2,400,000
      6,370 SF

      7-Eleven Anchored Shopping Center

      Ontario, CA Retail Investment Opportunity
      1055 Mountain Ave, Ontario, CA 91762
      View Details
    • $620,000

      Commercial Building on Euclid Avenue

      Commercial building in downtown Ontario suitable for various businesses.
      427 N Euclid Ave, Ontario, CA 91762
      View Details
    • $70,000

      Turn-Key Boba Shop Opportunity

      Well-established boba shop in high-traffic Ontario location.
      2238 S Euclid Ave, Ontario, CA 91762
      View Details
    • $530,000
      100 SF

      Prime Ontario Mixed-Use Lot

      13,650 sq ft lot, ideal commercial development
      1727 Euclid Ave, Ontario, CA 91762
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,685 SF

      Auto Sales and Service Center

      Full-service auto sales and service center for rent.
      830 West Holt Blvd, Ontario, CA 91762
      View Details
    • Contact for pricing

      Prime Cubiculed Unit Location

      High-visibility commercial center suitable for various business types.
      1128 Mission Blvd W, Ontario, CA 91762
      View Details
    • $1.10 SF/Yr
      5,932 SF

      Retail Showroom with Indoor Garage

      Retail space featuring showroom, walk-in coolers, and indoor garage.
      710 N Mountain Ave, Ontario, CA 91762
      View Details
    • Contact for pricing
      4,000 SF

      Ontario Retail Space For Lease

      Prime Ontario storefront, 4,000 sq ft available.
      331 Euclid Ave, Ontario, CA 91762
      View Details
    • $1.45 SF/Yr
      2,880 SF

      Ontario Business Park Warehouse Space

      Multi-tenant building with office, restroom, and showroom potential.
      1524-1526 E Francis St, Ontario, CA 91762
      View Details
    • $4 SF/Yr
      5,300 SF

      New Mixed-Use Development Retail Space

      New retail and restaurant spaces in Ontario mixed-use development.
      2502 South Euclid Ave, Ontario, CA 91762
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    234 Mtn Ave
    Ontario, CA 91762-3648
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.