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Property profile & analytics
OFF-MARKET
Estimated value
$48,180,000
Apartment buildings
3364 Honeybrook Way Ontario, CA 91761-0313
Entity Owned
3-yr Hold
Property ID
US10-1546873
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1986
Construction
WOOD FRAME
Total area
133,960 SF
Lot
7.35 ac (320,166 SF)
APN
1083-291-01-0000
UPID
US10-1546873
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
-
The Landing Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$43.80M
Blend (final)
Blend
$48.18M
Owner & transaction history
Honeybrook Ground Lessee LLC · 3 yrs held
Honeybrook Ground Lessee LLC
since 2023
Last sale
$50.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$63.0M
+100.2%
Commercial (general)
$59.1M
+88.0%
Office building
$58.2M
+85.2%
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
$47,910,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$31,445,000
Current use
RESTAURANT
$62,965,000
Change: +100% · Conversion: Difficult
COMMERCIAL (GENERAL)
$59,100,000
Change: +88% · Conversion: Moderate
OFFICE BUILDING
$58,240,000
Change: +85% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$45,160,000
Change: +44% · Conversion: Difficult
AUTO REPAIR, GARAGE
$40,785,000
Change: +30% · Conversion: Difficult
MEDICAL BUILDING
$38,760,000
Change: +23% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$36,060,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$48.18M
Range $43.36M – $53.00M · ±10% · vs last sale $50.50M (May 5 2023)
Last sale anchor
$50.50M
May 5 2023
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
$360 / 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
$165,317
Tax year 2023
Assessed value
$51,510,000
Assessed 2024
Previous assessed
$15,800,366
+226.0% YoY
Effective rate
0.32%
On assessed value
Assessed land
$13,056,000
Assessed improvement
$38,454,000
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1986
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
156
Total area
133,960 SF
Lot
7.35 ac (320,166 SF)
APN
1083-291-01-0000
UPID
US10-1546873
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$31.4M
RESTAURANT
Est. value
$63.0M
COMMERCIAL (GENERAL)
Est. value
$59.1M
OFFICE BUILDING
Est. value
$58.2M
INDUSTRIAL (GENERAL)
Est. value
$45.2M
AUTO REPAIR, GARAGE
Est. value
$40.8M
MEDICAL BUILDING
Est. value
$38.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$36.1M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
Stories
2
Units
156
Lot
7.35 ac
Current owner
From public records · entity-resolved
Honeybrook Ground Lessee LLC
Entity
Ownership since
2023
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
May 5, 2023
—
Honeybrook Ground Lessee LLC
Honeybrook Ground Lessor LLC
Lease
$16,093,000 · Cbre Capital Markets INC
May 5, 2023
$50,500,000
Honeybrook Ground Lessor LLC
Sir James LP
Grant Deed
$16,093,000 · Cbre Capital Markets INC
Oct 24, 2002
—
Sir James LP
Landing At Ontario LP
Grant Deed
$7,600,000 · Prudential Multifamily Mtg INC
Jun 17, 2002
—
O Landing
Bookstein,etal
Grant Deed
related
—
Jan 9, 2002
—
Bookstein I LLC
Landing St Ontario
Grant Deed
related
—
Jan 6, 1989
—
At Ontar Landing
Creekside West D
Grant Deed
related
—
—
—
St Ontario Landing
—
Deed Of Trust
related
$156,084 · Joseph F Ruvolo Mppp
—
—
At Ontario Landing
—
Deed Of Trust
related
$1,000,000 · First Regional 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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