247 Olive Ave Rialto, CA 92376-6507
- Warehouses
- 3,869 SF
- 0.21 lot acres
Current Use by Public Records
- Warehouses
Property Details for 247 Olive Ave
- Year built
- 1999
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.21 lot acres
- Property size
- 3,869 SF
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 0130-301-05-0000
- APU
- 130301050000
Description
This vacant, owner-user industrial warehouse, totaling 3,869 square feet, is situated in Rialto, California, at 247 S Olive Ave, 92376. Built in 1999 and extensively renovated in 2024, the property features a two-story building on a 9,000 square foot lot (APN: 0130-301-05). The asking price is $1,100,000, translating to $284.31 per square foot. The warehouse boasts a 17-foot ceiling height, three 12'x14' loading docks equipped with security bars, and climate control. The property includes 744 square feet of renovated office/lobby space, a remodeled ground-floor restroom, and 220V power and water lines within the warehouse. Exterior improvements include a newly resurfaced and striped lot with eight parking stalls (one handicapped accessible), a secure fenced yard with camera surveillance and a trash enclosure. Two entrances provide convenient access—one from Olive Ave and another from a back alley. The property is zoned for light industrial use and benefits from its proximity to major freeways (approximately 10 minutes from I-10 and 15 minutes from I-210), offering easy access to key Inland Empire locations. This turnkey property presents a unique opportunity for businesses seeking a modern, well-maintained warehouse space.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,050,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,035,000
- 6.5%
- $1,005,000
- 7%
- $980,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,100,000
- Geo Method
- $1,205,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,215,000
- Retail
- $950,000
- Mixed-Use
- $980,000
- Hospitality
- $1,265,000
- Educational
- $1,145,000
- Residential Income
- $1,180,000
- Energy
- $1,005,000
- Income-Based Land
- $1,265,000
- Food Service
- $1,090,000
Location Insight
- Map
- Local Demand
- City
- Rialto
- County
- San Bernardino
- State
- California
- Longitude
- -117.369
- Latitude
- 34.0974
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
