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Property profile & analytics
OFF-MARKET
Estimated value
$1,335,000
Strip malls
2460 Grv Ave Ontario, CA 91761-6224
Entity Owned
~
Est. High Equity
Property ID
US10-1020661
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Construction
WOOD FRAME
Total area
7,200 SF
Lot
0.77 ac (33,540 SF)
APN
1051-171-44-0000
UPID
US10-1020661
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.34M
Owner & transaction history
Vallarta Food Enterprises INC
Vallarta Food Enterprises INC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.2M
+13.1%
Medical building
$2.1M
+7.5%
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
NEIGHBORHOOD: SHOPPING CENTER
$1,940,000
Current use
AUTO REPAIR, GARAGE
$2,190,000
Change: +13% · Conversion: Difficult
MEDICAL BUILDING
$2,085,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,875,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$1.34M
Range $1.20M – $1.47M · ±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
$185 / 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
$16,488
Tax year 2023
Assessed value
$1,550,571
Assessed 2024
Previous assessed
$1,520,168
+2.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$505,330
Assessed improvement
$1,045,241
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1986
Construction
WOOD FRAME
Heating
NONE
Units
2
Total area
7,200 SF
Lot
0.77 ac (33,540 SF)
APN
1051-171-44-0000
UPID
US10-1020661
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.1M
WAREHOUSE, STORAGE
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1986
Construction
WOOD FRAME
Heating
NONE
Units
2
Lot
0.77 ac
Current owner
From public records · entity-resolved
Vallarta Food Enterprises INC
Entity
Mailing address
520 NEWPORT CTR DR STE #480, NEWPORT BEACH, CA 92660-7034
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2025
—
Vallarta Food Enterprises INC
Conejo Riverside Group LLC
Deed
—
Apr 11, 2025
—
Conejo Riverside Group LLC
—
Deed
related
$10,400,000 · Preferred Bank
Apr 3, 2024
—
Conejo Riverside Group LLC
—
Deed
related
$2,900,000 · Cantor Group IV LLC
Aug 29, 2017
—
Conejo Riverside Group LLC
—
Grant Deed
related
$1,450,000 · Malik Bros LLC
Jul 17, 2017
$16,007,500
Conejo Riverside Group LLC
Grove Plaza Partners LLC
Grant Deed
$10,400,000 · Preferred Bank
Sep 20, 2013
—
Grove Plaza Partners LLC
Grove Plaza Ontario LLC
Grant Deed
$9,238,258 · Calmwater Capital 3 LLC
Jul 8, 2003
$7,850,000
Grove Plaza
Ontario Grove LP
Grant Deed
related
$5,800,000 · German American Capital Corp
Dec 31, 1996
$4,600,000
Ontario Grove LP
Sdc Investments INC
Grant Deed
$3,450,000 · Banc One Commercial Loan Origi
Mar 1, 1990
—
Sdc Dev Corp
Murrieta Financi
Trustees Deed
related
—
—
—
Sdc Inv INC
—
Deed Of Trust
related
$975,000 · Union 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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