Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    440 Mountain Ave Upland, CA 91786

    • Commercial real estate
    • 46,527 SF
    • 1.75 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0617154
    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

    • Inland Periodontics / Dental Office
    • Daniel Kunihira & Associates: Newbold Dan DDS / Dental Office
    • Dispatching Solutions Inc / (Bike/Boat/Book/etc) Store / Corporate Office
    • Robin Su DDS / Dental Office
    • Johnson Ebenezer DDS / Dental Office

    Property Details for 440 Mountain Ave

    Year built
    1987
    Lot size
    1.75 lot acres
    Property size
    46,527 SF
    Property type
    Commercial real estate

    Description

    This exceptional three-story, 46,527 square foot Class B medical office building in Upland, CA presents a compelling value-add investment opportunity. Located at 440 N Mountain Ave, this single building property sits on a 1.75-acre lot and boasts a prime location at a high-traffic intersection, exceeding 30,000 cars daily. Built in 1987 and extensively renovated in 2022 (including over $1 million in improvements), the property features a new roof, modernized elevators, updated HVAC systems, a refreshed lobby, and new exterior and lobby furniture. An additional $170,000 exterior paint job was completed in November 2023. Currently 60.4% occupied with a weighted average lease term of approximately 4.6 years, this provides a stable income stream. The existing leases are approximately 21.4% below market rates, offering significant upside potential for rental income growth. Approximately 8,141 square feet of contiguous space, or 18,417 square feet total, is available for owner-occupancy. The asking price is $10,236,000, representing a price per square foot of $220 and a 3.98% capitalization rate based on a net operating income (NOI) of $407,393. This property benefits from its location in the thriving Inland Empire, a region experiencing strong economic growth and low vacancy rates. The property's accessibility to major freeways (Interstate 10) provides convenient access to Los Angeles, Orange County, and the Inland Empire, attracting and retaining top talent.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Upland
    County
    San Bernardino
    State
    California
    Longitude
    -117.6682811
    Latitude
    34.0989374

    Comparable in this City

    • Contact for pricing
      260 SF

      Upland Office Suite: Prime Location

      Downtown Upland Office Space for Lease
      100 Ave Unit 1, Upland, CA 91786
      View Details
    • $499,999
      1,148 SF

      Upland Office Space For Sale

      Versatile office space in Upland, CA with modern amenities.
      18 N Central Ave, Upland, CA 91786
      View Details
    • Contact for pricing
      3,193 SF

      Upland Business Park Multi-Tenant Building

      Multi-tenant building with office and warehouse space for sale.
      832-836 W 9Th St, Upland, CA 91786
      View Details
    • $2,650,000

      Foothill Boulevard Office Building

      Office building with frontage, access, and tenant income.
      1365 W Foothill Blvd, Upland, CA 91786
      View Details
    • Contact for pricing
      436 SF

      Upland Office Suite - Prime Location

      Downtown Upland Office Space for Lease
      100 Ave Unit 206, Upland, CA 91786
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      260 SF

      Upland Office Suite: Prime Location

      Downtown Upland Office Space for Lease
      100 Ave Unit 1, Upland, CA 91786
      View Details
    • $499,999
      1,148 SF

      Upland Office Space For Sale

      Versatile office space in Upland, CA with modern amenities.
      18 N Central Ave, Upland, CA 91786
      View Details
    • Contact for pricing
      3,193 SF

      Upland Business Park Multi-Tenant Building

      Multi-tenant building with office and warehouse space for sale.
      832-836 W 9Th St, Upland, CA 91786
      View Details
    • $2,650,000

      Foothill Boulevard Office Building

      Office building with frontage, access, and tenant income.
      1365 W Foothill Blvd, Upland, CA 91786
      View Details
    • Contact for pricing

      Professionally Managed Office Building

      Two-story office building on historic Route 66.
      299 West Foothill Blvd, Upland, CA 91786
      View Details
    • $675,000

      Medical Condo in Total Care

      Medical condo in professional building near San Antonio Hospital.
      1183 E Foothill Blvd, Upland, CA 91786
      View Details

    Similar Nearby for Lease

    • $2,150 /Mo
      1,450 SF

      Upland Office Suite For Lease

      Well-maintained office suite in a desirable Upland location.
      715 N Mountain Ave, Upland, CA 91786
      View Details
    • Contact for pricing

      Professional Garden Office Building

      Two-story office building with landscaped courtyard, ample parking.
      222 N Mountain Ave, Upland, CA 91786
      View Details
    • Contact for pricing
      2,009 SF

      Storefront Location in Upland

      Storefront property for rent in Upland, California.
      130 E 9Th St, Upland, CA 91786
      View Details
    • $1.45 SF/Yr
      2,000 SF

      Office Space for Lease

      Office space available for lease in Upland, California.
      1785 Arrow Rte, Upland, CA 91786
      View Details
    • $1.45 SF/Yr
      5,000 SF

      Freestanding Building with Office Space

      Freestanding building featuring office and storage space for rent.
      924 W 9Th St, Upland, CA 91786
      View Details
    • $2 SF/Yr
      230 SF

      Upland Office Space Available

      Medical/office space featuring exam rooms, lab, and break room.
      400 N Mountain Ave, Upland, CA 91786
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    440 Mountain Ave
    Upland, CA 91786
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!