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Property profile & analytics
OFF-MARKET
Estimated value
$5,720,000
Flex space
5235 Airport Dr Ontario, CA 91761-8602
Entity Owned
Absentee Owner
Free & Clear
Property ID
US10-1175128
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1984
Construction
STEEL FRAME
Total area
19,700 SF
Lot
1.53 ac (66,646 SF)
APN
0238-052-27-0000
UPID
US10-1175128
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
-
Wingfoot Commercial Tire Systems (Bike/Boat/Book/etc) Store Auto Parts Store
-
Goodyear Commercial Tire & Service Centers (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.77M
CAP Approach
CAP
$3.74M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.72M
Owner & transaction history
Ruether Ave LLC
Ruether Ave LLC
since 2026
Last sale
$5.7M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.3M
+39.4%
Commercial (general)
$8.7M
+30.9%
Office building
$8.6M
+29.0%
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
$6,660,000
ML approach
$6,770,000
CAP Approach
CAP Return
Estimation
6%
$4,045,000
6.5%
$3,735,000
7%
$3,470,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,640,000
Current use
RESTAURANT
$9,260,000
Change: +39% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,690,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$8,565,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,000,000
Change: -10% · Conversion: Easy
MEDICAL BUILDING
$5,700,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$5.72M
Range $5.15M – $6.29M · ±10% · vs last sale $5.71M (Jul 6 2022)
Last sale anchor
$5.71M
Jul 6 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
$290 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$61,166
Tax year 2024
Assessed value
$5,825,068
Assessed 2024
Previous assessed
$5,825,068
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$2,346,000
Assessed improvement
$3,479,068
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1984
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Total area
19,700 SF
Lot
1.53 ac (66,646 SF)
APN
0238-052-27-0000
UPID
US10-1175128
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
INDUSTRIAL (GENERAL) Current
Est. value
$6.6M
RESTAURANT
Est. value
$9.3M
COMMERCIAL (GENERAL)
Est. value
$8.7M
OFFICE BUILDING
Est. value
$8.6M
AUTO REPAIR, GARAGE
Est. value
$6.0M
MEDICAL BUILDING
Est. value
$5.7M
INDUSTRIAL (GENERAL) Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL 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
1984
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Lot
1.53 ac
Current owner
From public records · entity-resolved
Ruether Ave LLC
Entity
Free & Clear · 0 yrs held
Mailing address
70 E LONG LK RD, BLOOMFIELD HILLS, MI 48304-2356
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2026
$5,611,000
Ruether Ave LLC
Agree Stores LLC
Grant Deed
—
Jul 6, 2022
$5,711,000
Agree Stores LLC
The Goodyear Tire & Rubber Company
Grant Deed
—
Dec 15, 2000
—
Wingfoot,coml Tire Sys
Treadco,
Grant Deed
related
—
Aug 3, 1998
$650,000
Treado INC
Holland,james W & Dorothy I
Grant Deed
—
May 3, 1995
—
James W Etal Holland
Tire,invs
Grant Deed
related
—
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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