Sign Up Successful!
You now have access to more from Realmo!
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

    59 Milliken Ave Ontario, CA 91761-7811

    • Industrial properties
    • 22,500 SF
    • 1.71 lot acres
    OFF-MARKET
    Value Estimations
    $3,945,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0957669
    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

    • Central Occupational Medicine / Medical Clinic / Occupational Health Service
    • J J Grill / Restaurant / Take-out & Catering
    • biubiu / Corporate Office
    • CloudPersonnel / Employment Agency
    • California Custom Truck Accessories / Auto Parts Store

    Property Details for 59 Milliken Ave

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.71 lot acres
    Property size
    22,500 SF
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    0238-185-30-0000
    APU
    238185300000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,620,000
      6.5%
      $4,265,000
      7%
      $3,960,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $6,510,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Ontario
    County
    San Bernardino
    State
    California
    Longitude
    -117.557
    Latitude
    34.0632
    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
    $37,030
    $1,410,617
    $2,092,867
    $3,503,484
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $16,730,000
      106,576 SF

      1901 Vineyard Ave

      INDUSTRIAL LOFT BUILDING • 106,576 SF
      1901 Vineyard Ave, Ontario, CA 91761-7747
      View Details
    • Value Estimation
      $9,820,000
      62,305 SF

      1840 Carlos Ave

      INDUSTRIAL LOFT BUILDING • 62,305 SF
      1840 Carlos Ave, Ontario, CA 91761-8005
      View Details
    • Value Estimation
      $7,210,000
      70,464 SF

      1477 Cedar St

      INDUSTRIAL LOFT BUILDING • 70,464 SF
      1477 Cedar St, Ontario, CA 91761-8330
      View Details
    • Value Estimation by Request
      1,512 SF

      1490 Vineyard Ave, Unit 5A

      INDUSTRIAL LOFT BUILDING • 1,512 SF
      1490 Vineyard Ave, Ontario, CA 91761-8043
      View Details
    • Value Estimation
      $8,690,000
      55,068 SF

      2060 Francis St

      INDUSTRIAL LOFT BUILDING • 55,068 SF
      2060 Francis St, Ontario, CA 91761-7733
      View Details
    • Value Estimation
      $3,805,000
      25,186 SF

      4425 Airport Dr

      INDUSTRIAL LOFT BUILDING • 25,186 SF
      4425 Airport Dr, Ontario, CA 91761-7815
      View Details

    Similar Nearby for Sale

    • $735,000
      2,428 SF

      Ontario Industrial Building with Yard

      Two-unit industrial building with private yard for sale.
      210 E State St, Ontario, CA 91761
      View Details
    • $4,383,000
      12,706 SF

      Ontario Industrial Property for Sale

      Industrial property available in Ontario, California.
      760 S Rochester Ave, Ontario, CA 91761
      View Details
    • 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
      View Details
    • $1,968,000
      5,338 SF

      Prime Ontario Flex Space For Sale

      High-end, vacant flex condo; ideal owner-occupier.
      1600 Grove Ave, Ontario, CA 91761
      View Details
    • $1,295,000
      3,209 SF

      Ontario Industrial Space - Prime Location

      Modern Office, Airport Proximity, High Visibility
      1795 Holt Blvd, Ontario, CA 91761
      View Details
    • Contact for pricing
      10,107 SF

      Free Standing Building For Sale

      Free standing building with upgraded office space and secured yard.
      1736 E Francis St, Ontario, CA 91761
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Property Fully Leased

      Industrial property in Ontario, CA, currently 100% leased.
      605 S Milliken Ave, Ontario, CA 91761
      View Details
    • Contact for pricing

      Industrial Property Fully Leased

      Industrial property in Ontario, CA, currently 100% leased.
      855 S Milliken Ave, Ontario, CA 91761
      View Details
    • Contact for pricing
      1,800 SF

      Industrial Space Near Ontario Airport

      High image business park with freeway access and frontage.
      1910 S Archibald Ave, Ontario, CA 91761
      View Details
    • $1.40 SF/Yr
      16,257 SF

      Ontario Industrial Portfolio Availability

      Industrial portfolio availability in Ontario, California.
      1551 Vineyard Ave, Ontario, CA 91761
      View Details
    • Contact for pricing

      Industrial Property Fully Leased

      Industrial property in Ontario, CA, currently 100% leased.
      1901-1957 Vineyard Ave, Ontario, CA 91761
      View Details
    • Contact for pricing
      2,918 SF

      Industrial/Office Space in Ontario

      Multi-tenant building with easy freeway access and ground level loading.
      780 S Milliken Ave, Ontario, CA 91761
      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.
    59 Milliken Ave
    Ontario, CA 91761-7811
    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.