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Property profile & analytics
OFF-MARKET
Estimated value
$30,315,000
Distribution centers
600 Wanamaker Ave Ontario, CA 91761-8118
Entity Owned
4-yr Hold
Free & Clear
Property ID
US10-0883460
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
83,911 SF
Lot
3.63 ac (158,253 SF)
APN
0238-193-25-0000
UPID
US10-0883460
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
-
American Bolt and Screw MFG Building Supply Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.32M
Comparable Approach
Comparable
$31.06M
Blend (final)
Blend
$30.32M
Owner & transaction history
600 Wanamaker Avenue Investors LLC · 4 yrs held
600 Wanamaker Avenue Investors LLC
since 2022
Last sale
$32.0M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$39.4M
+80.5%
Commercial (general)
$37.0M
+69.4%
Office building
$36.5M
+67.0%
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
$37,260,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$20,930,000
6.5%
$19,320,000
7%
$17,940,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$21,850,000
Current use
RESTAURANT
$39,440,000
Change: +81% · Conversion: Difficult
COMMERCIAL (GENERAL)
$37,020,000
Change: +69% · Conversion: Difficult
OFFICE BUILDING
$36,480,000
Change: +67% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$28,285,000
Change: +29% · Conversion: Easy
AUTO REPAIR, GARAGE
$25,550,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$24,280,000
Change: +11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$22,590,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$30.32M
Range $27.28M – $33.35M · ±10% · vs last sale $31.96M (Jun 10 2022)
Last sale anchor
$31.96M
Jun 10 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
$361 / 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
$349,344
Tax year 2024
Assessed value
$33,251,184
Assessed 2024
Previous assessed
$33,251,184
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$6,554,520
Assessed improvement
$26,696,664
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Total area
83,911 SF
Lot
3.63 ac (158,253 SF)
APN
0238-193-25-0000
UPID
US10-0883460
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
WAREHOUSE, STORAGE Current
Est. value
$21.9M
RESTAURANT
Est. value
$39.4M
COMMERCIAL (GENERAL)
Est. value
$37.0M
OFFICE BUILDING
Est. value
$36.5M
INDUSTRIAL (GENERAL)
Est. value
$28.3M
AUTO REPAIR, GARAGE
Est. value
$25.6M
MEDICAL BUILDING
Est. value
$24.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$22.6M
WAREHOUSE, STORAGE 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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Lot
3.63 ac
Current owner
From public records · entity-resolved
600 Wanamaker Avenue Investors LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 1368, CARLSBAD, CA 92018-1368
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2022
$31,960,000
600 Wanamaker Avenue Investors LLC
600 Wanamaker LLC
Grant Deed
—
Jul 29, 2016
—
600 Wanamaker LLC
Mirkin Claudia H Living Trust
Grant Deed
$3,400,000 · Miscellaneous Ins Co
Mar 18, 2015
—
Claudia H Mirkin
J W Mitchell Company LLC
Grant Deed
$5,850,000 · Rga Reinsurance Company
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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