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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Banks
2500 Grv Ave Ontario, CA 91761-6253
Entity Owned
6-yr Hold
Free & Clear
Property ID
US10-1044555
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1984
Construction
WOOD FRAME
Total area
5,182 SF
Lot
0.57 ac (24,786 SF)
APN
1051-321-56-0000
UPID
US10-1044555
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
-
Wells Fargo Bank Bank Loan Service
-
Wells Fargo ATM Atm
-
Wells Fargo Advisors Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$860k
Blend (final)
Blend
$660k
Owner & transaction history
425 So Bay Boulevard LLC · 6 yrs held
425 So Bay Boulevard LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+79.3%
Restaurant
$805,000
+33.6%
Retail stores
$750,000
+24.1%
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
$465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$605,000
Current use
OFFICE BUILDING
$1,085,000
Change: +79% · Conversion: Difficult
RESTAURANT
$805,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$750,000
Change: +24% · Conversion: Difficult
MEDICAL BUILDING
$725,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$500,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$660k
Range $594k – $726k · ±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
$127 / 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
$34,327
Tax year 2023
Assessed value
$3,232,689
Assessed 2024
Previous assessed
$3,169,303
+2.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$852,401
Assessed improvement
$2,380,288
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1984
Construction
WOOD FRAME
Heating
NONE
Units
1
Total area
5,182 SF
Lot
0.57 ac (24,786 SF)
APN
1051-321-56-0000
UPID
US10-1044555
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
FINANCIAL BUILDING Current
Est. value
$605,000
OFFICE BUILDING
Est. value
$1.1M
RESTAURANT
Est. value
$805,000
RETAIL STORES
Est. value
$750,000
MEDICAL BUILDING
Est. value
$725,000
AUTO REPAIR, GARAGE
Est. value
$500,000
FINANCIAL BUILDING Current
OFFICE BUILDING
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1984
Construction
WOOD FRAME
Heating
NONE
Units
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
425 So Bay Boulevard LLC
Entity
Free & Clear · 6 yrs held
Mailing address
2213 HAWTHORNE BLVD #5577, TORRANCE, CA 90503
Ownership since
2019
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
Oct 9, 2019
$3,015,000
425 So Bay Boulevard LLC
Patel Family Trust
Grant Deed
—
Apr 15, 2016
$3,100,000
Sumant Patel
Dmca Family Limited Partnership
Grant Deed
$1,450,000 · Farmers & Merchants Bank Of Long Beach
Oct 26, 2007
—
Dmca Family
Izumi Danny S Ultra Trust
Quit Claim Deed
related
—
Sep 21, 2007
—
Izumi Danny S Ultra Trust
Izumi,danny S
Quit Claim Deed
related
—
Feb 26, 1992
$896,000
Danny S Izumi
Sdc Inv INC
Grant Deed
—
Mar 1, 1990
—
R E Exchange Ser
Briano Albert
Trustees Deed
related
—
—
—
Danny S Izumi
—
Deed Of Trust
related
$230,000 · First Interstate Bank Californ
—
—
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.
Try Rey
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