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    Property profile & analytics

    293 Olive St Colton, CA 92324-1762

    • Warehouses
    • 12,720 SF
    • 0.96 lot acres
    OFF-MARKET
    Value Estimations
    $1,780,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1214881
    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

    • SandRail Fabricators Inc. / Auto Repair Shop

    Property Details for 293 Olive St

    Year built
    1960
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.96 lot acres
    Property size
    12,720 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    0161-073-01-0000
    APU
    161073010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,850,000
      6.5%
      $1,710,000
      7%
      $1,585,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,243,000
      Market price range: $445k - $2.23M

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

    Location Insight

    • Map
    • Local Demand
    City
    Colton
    County
    San Bernardino
    State
    California
    Longitude
    -117.325
    Latitude
    34.0778
    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
    2024
    $16,276
    $211,018
    $1,114,315
    $1,325,333
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.04 Acres

      650 La Cadena Dr

      MINI-WAREHOUSE, STORAGE • 0.04 Acres
      650 La Cadena Dr, Colton, CA 92324-2823
      View Details
    • Value Estimation
      $2,170,000
      19,800 SF

      570 Birch Ct

      MINI-WAREHOUSE, STORAGE • 19,800 SF
      570 Birch Ct, Colton, CA 92324-3244
      View Details
    • Value Estimation
      $1,965,000
      16,966 SF

      1470 Cooley Dr

      MINI-WAREHOUSE, STORAGE • 16,966 SF
      1470 Cooley Dr, Colton, CA 92324-3933
      View Details
    • Value Estimation by Request
      1,794 SF

      378 D St

      MINI-WAREHOUSE, STORAGE • 1,794 SF
      378 D St, Colton, CA 92324-2216
      View Details
    • Value Estimation by Request
      5,500 SF

      242 G St

      MINI-WAREHOUSE, STORAGE • 5,500 SF
      242 G St, Colton, CA 92324
      View Details
    • Value Estimation
      $4,475,000
      33,600 SF

      345 H St

      MINI-WAREHOUSE, STORAGE • 33,600 SF
      345 H St, Colton, CA 92324-2224
      View Details

    Similar Nearby for Sale

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      15,200 SF

      Free Standing Industrial Building

      Industrial building with office space and drive-through capability for sale.
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      39,900 SF

      Colton Commerce Center Freestanding Building

      Freestanding industrial building under construction, available October 2025.
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      Colton Freestanding Industrial Building

      New industrial building available October 2025 in Colton Commerce Center.
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    • $1,270,000
      7,927 SF

      Colton Warehouse with Retail Space

      7,927 SF building with retail and warehouse space.
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    • $5,060,460

      Industrial Building with Heavy Power

      Freestanding industrial building featuring heavy power and impressive clear heights.
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    • $1,690,000
      8,286 SF

      Office Building with Warehouse Space

      Stand-alone office building with warehouse, ideal for owner-user or investment.
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    Similar Nearby for Lease

    • $1.20 SF/Yr
      6,037 SF

      Colton Warehouse with Freeway Access

      Professionally managed industrial business center with immediate freeway access.
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      9,144 SF

      Colton Warehouse with Existing Racking

      Approximately 19,848 SF warehouse space with existing racking.
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      View Details
    • Contact for pricing
      86,423 SF

      Colton Warehouse with Secured Truck

      86,423 SF warehouse featuring a secured truck court.
      3990 S Riverside Ave, Colton, CA 92324
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    • Contact for pricing
      456,445 SF

      Colton Logistics Center with Yard

      Freestanding distribution building with secure truck yards and freeway access.
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    • Contact for pricing
      10,255 SF

      Office/Warehouse Building on Large Yard

      10,255 SF office/warehouse on 7.1 acre paved yard.
      281 Fogg St, Colton, CA 92324
      View Details
    • $0.89 SF/Yr
      40 SF

      Colton Warehouse with Office Space

      40,000 SF warehouse with 1,000 SF office for lease.
      555 Birch Ct, Colton, CA 92324
      View Details
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    293 Olive St
    Colton, CA 92324-1762
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    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
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