Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Investment properties
516 Hope Ave Ontario, CA 91761-1821
Individually Owned
3-yr Hold
Property ID
US10-1080604
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1949
Construction
TILT-UP CONCRETE
Total area
1,185 SF
Lot
0.27 ac (11,760 SF)
APN
1049-203-19-0000
UPID
US10-1080604
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$835k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$822k
Blend (final)
Blend
$735k
Owner & transaction history
Licet Montoya · 3 yrs held
Licet Montoya
since 2022
Last sale
$705,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$820,000
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$525,000
Current use
OFFICE BUILDING
$515,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $705k (Sep 27 2022)
Last sale anchor
$705k
Sep 27 2022
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
$620 / 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
$7,649
Tax year 2023
Assessed value
$719,100
Assessed 2024
Previous assessed
$705,000
+2.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$418,200
Assessed improvement
$300,900
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1949
Construction
TILT-UP CONCRETE
Heating
FLOOR/WALL FURNACE
Cooling
NONE
Stories
1
Rooms
7
Bathrooms
1
Total area
1,185 SF
Lot
0.27 ac (11,760 SF)
APN
1049-203-19-0000
UPID
US10-1080604
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
COMMERCIAL (GENERAL) Current
Est. value
$525,000
OFFICE BUILDING
Est. value
$515,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1949
Construction
TILT-UP CONCRETE
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Rooms
7
Bathrooms
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Licet Montoya
Individual
Mailing address
6813 PERSIMMON ST, CHINO, CA 91710-8246
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2022
$705,000
Licet Montoya
Maria Chavez
Grant Deed
$442,500 · Crosscountry Mortgage LLC
Sep 27, 2022
—
Licet Montoya
Leopoldo Montoya Rivera
Intrafamily Transfer
related
—
Jun 2, 2021
$490,000
Maria Chavez
Claudia M Rubio
Grant Deed
$465,500 · American Financial Network INC
Jan 28, 2020
—
Claudia M Rubio
—
Deed
related
$227,000 · Paramount Residential Mortgage Group INC
Dec 29, 2016
—
Claudia M Rubio
Claudia M Rubio
Intrafamily Transfer
related
$189,000 · Golden Empire Mortgage INC
Aug 20, 2008
—
Claudia M Rubio
Rubio,omar
Quit Claim Deed
related
—
Apr 29, 2004
—
Omar Rubio
Rubio,omar
Quit Claim Deed
related
$139,900 · America's Wholesale Lender
Apr 16, 1999
$98,000
Rubio,omar
French,henry C
Trustees Deed
$97,850 · Mylor Financial
Apr 16, 1999
—
Henry C French
French,rodonna
Quit Claim Deed
related
—
Jul 8, 1988
$40,000
Henry C I French
French Charisse
Grant Deed
related
$40,000 · Aichroth Dennis
Feb 23, 1988
—
Charisse French
Frenc
Quit Claim Deed
related
—
—
—
Henry C I French
—
Deed Of Trust
related
$53,000 · Solomon Edward D
—
—
Henry C I French
—
Deed Of Trust
related
$57,000 · Directors Mortgage Loan Corp
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 516 Hope Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
