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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3351 Philadelphia St Ontario, CA 91761-8531

    • Distribution centers
    • 202,046 SF
    • 9.50 lot acres
    OFF-MARKET
    Last Sale
    May 03, 2024
    $52,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1196831
    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

    • Great China / Corporate Office
    • Blue Sail Logistics / Logistics Service
    • Grace Album Corp. / Warehouse
    • Red Forest Trading Inc / Warehouse

    Property Details for 3351 Philadelphia St

    Year built
    1998
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    9.50 lot acres
    Property size
    202,046 SF
    Property type
    Distribution centers
    APN
    0211-275-38-0000
    APU
    211275380000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      Off market
      ML approach
      Off market

    • CAP approach

      CAP Return
      Estimation
      6%
      $50,400,000
      6.5%
      $46,525,000
      7%
      $43,200,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $36,794,000
      Market price range: $36.8M - $74.8M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $52,610,000
      Current use
      INDUSTRIAL (GENERAL)
      $68,110,000
      Change: +29% Conversion: Easy
      AUTO REPAIR, GARAGE
      $61,515,000
      Change: +17% Conversion: Easy
      MEDICAL BUILDING
      $58,460,000
      Change: +11% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $54,390,000
      Change: +3% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Ontario
    County
    San Bernardino
    State
    California
    Longitude
    -117.58
    Latitude
    34.0347
    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
    $121,338
    $2,228,641
    $9,057,505
    $11,286,146
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $5,890,000
      990,265 SF

      3000 Philadelphia St

      DISTRIBUTION WAREHOUSE • 990,265 SF
      3000 Philadelphia St, Ontario, CA 91761-8526
      View Details
    • Value Estimation
      $2,460,000
      242,820 SF

      3000 Philadelphia St

      DISTRIBUTION WAREHOUSE • 242,820 SF
      3000 Philadelphia St, Ontario, CA 91761-8526
      View Details
    • Value Estimation
      $9,055,000
      83,294 SF

      1750 Pointe Ave

      DISTRIBUTION WAREHOUSE • 83,294 SF
      1750 Pointe Ave, Ontario, CA 91761-8544
      View Details
    • Value Estimation
      $21,350,000
      168,973 SF

      1000 Sarah Pl

      DISTRIBUTION WAREHOUSE • 168,973 SF
      1000 Sarah Pl, Ontario, CA 91761-8621
      View Details
    • Value Estimation by Request
      1,164 SF

      1532 Vineyard Ave

      DISTRIBUTION WAREHOUSE • 1,164 SF
      1532 Vineyard Ave, Ontario, CA 91761-7756
      View Details
    • Value Estimation
      $14,845,000
      106,685 SF

      4495 Wall St

      DISTRIBUTION WAREHOUSE • 106,685 SF
      4495 Wall St, Ontario, CA 91761-8185
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      344,110 SF

      Ontario Distribution Center For Sale

      344,110 SF distribution center with extensive loading docks.
      1350 S Woodruff Way, Ontario, CA 91761
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    • Contact for pricing
      204,510 SF

      Ontario Logistics Park: Prime Location

      State-of-the-art distribution center, 9 buildings.
      0 The Hub, Ontario, CA 91761
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    • $10,363,734
      37,146 SF

      Industrial Building with Secured Yard

      Industrial building featuring office space and secured yard.
      2319 East Locust St, Ontario, CA 91761
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    • Contact for pricing
      23,272 SF

      Industrial Building with Fenced Yard

      Freestanding industrial building featuring office space and fenced yard.
      1689 Parco Ave, Ontario, CA 91761
      View Details
    • Contact for pricing

      Ontario Industrial Facility with Parking

      Industrial building on 9.02 acres with ample parking.
      2777 E Cedar St, Ontario, CA 91761
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    • Contact for pricing
      201,842 SF

      Free Standing Warehouse Building

      5,000 SF warehouse with dock high and grade level doors.
      3525 East Airport Dr, Ontario, CA 91761
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      926,100 SF

      Master Planned Logistics Park

      926,100 SF Warehouse/Office in Ontario
      610 Carnegie Ave, Ontario, CA 91761
      View Details
    • $1.19 SF/Yr
      124,027 SF

      Ontario Warehouse: 124,027 SF

      Large warehouse, ideal for distribution. High-power, excellent access.
      1661 Vintage Ave, Ontario, CA 91761
      View Details
    • $21 SF/Yr
      7,062 SF

      Rochester Ave Warehouse Condo

      7,062 SF Industrial Condo For Lease
      840 Rochester Ave, Ontario, CA 91761
      View Details
    • Contact for pricing
      604,178 SF

      Ontario Warehouse with Cross Dock

      604,178 SF warehouse with cross dock and truck court.
      1151 Mildred St, Ontario, CA 91761
      View Details
    • Contact for pricing
      414,962 SF

      Ontario Airport Business Center

      Flexible Office & Warehouse Space
      3950 Airport Dr, Ontario, CA 91761
      View Details
    • Contact for pricing
      547,395 SF

      Ontario Logistics Warehouse - 547,395 SF

      Modern warehouse, prime location, immediate occupancy.
      1002 Carnegie Ave, Ontario, CA 91761
      View Details
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    Ontario, CA 91761-8531
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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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