Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    615 Euclid Ave Ontario, CA 91762-3200
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    615 Euclid Ave Ontario, CA 91762-3200

    View on Map
    • Office properties & Spaces
    • 12,400 SF
    • 0.18 lot acres
    Off-Market
    Property ID
    US10-1554105
    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.
    Value Estimations
    $2,735,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ontario Podcast Studio / Recording Studio
    • T Monique Boutique / Clothing Store
    • SkyStaff LLC / Employment Agency
    • Cabbageleaf Digital LLC / Advertising Agency / Marketing & Advertising
    • Beauty Contour / Spa & Massage Center / Gym & Fitness Center

    Property Details for 615 Euclid Ave

    Year built
    1965
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.18 lot acres
    Property size
    12,400 SF
    Property type
    Office properties & Spaces
    APN
    1048-356-05-0000
    APU
    1048356050000

    Description

    This exceptional investment opportunity presents a 12,400 square foot, two-story executive office building located at 615 N Euclid Ave, Ontario, CA 91762. The property, built in 1965 and extensively renovated in 2019, boasts a striking mid-century modern design. Currently housing 17 tenants across 20 units with 100% occupancy, the building offers a strong net operating income (NOI) of $161,696, translating to a 5.05% cap rate. However, below-market rents present a significant value-add opportunity, with a pro-forma NOI of $232,829 and a projected cap rate exceeding 7.28%. The property features six on-site parking spaces and benefits from adjacency to a large public parking lot. The asking price is $3,200,000, or $160,000 per unit, and $258.06 per square foot. The 7,841 square foot lot is zoned SP. This is a net lease investment with a gross lease type. The building's strong performance, coupled with the potential for rental growth, makes it an attractive buy-and-hold investment. The property's prime location in Ontario, California, further enhances its appeal.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,345,000
      6.5%
      $3,085,000
      7%
      $2,865,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,227,000
      Market price range: $3.23M - $7.86M
      AI Estimate
      $1,885,000
      Market price range: $1.89M - $5.47M

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

    Location Insight

    • Map
    • Local Demand
    City
    Ontario
    County
    San Bernardino
    State
    California
    Longitude
    -117.652
    Latitude
    34.07
    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
    2023
    $18,971
    $836,318
    $664,765
    $1,501,083
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      62,797 SF

      1131 6Th St

      Medical Office Space • 62,797 SF
      1131 6Th St, Ontario, CA 91762
      View Details
    • Value Estimation by Request
      700 SF

      417 We St

      OFFICE (GENERAL) • 700 SF
      417 We St, Ontario, CA 91762-3423
      View Details
    • Value Estimation
      $1,460,000
      6,193 SF

      521 Euclid Ave

      OFFICE (GENERAL) • 6,193 SF
      521 Euclid Ave, Ontario, CA 91762-3221
      View Details
    • Value Estimation by Request
      4,176 SF

      213 G St

      OFFICE (GENERAL) • 4,176 SF
      213 G St, Ontario, CA 91762-3227
      View Details
    • Value Estimation
      $11,505,000
      56,258 SF

      1331 6th St

      OFFICE (GENERAL) • 56,258 SF
      1331 6th St, Ontario, CA 91762
      View Details
    • Value Estimation
      $1,100,000
      6,108 SF

      1236 Brks St

      OFFICE (GENERAL) • 6,108 SF
      1236 Brks St, Ontario, CA 91762-3608
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,064 SF

      Ontario Office Unit For Sale

      Office unit available for purchase in Ontario, California.
      545 W California St, Ontario, CA 91762
      View Details
    • $4,200,000

      Ontario Development Opportunity

      Land for 49-unit apartment building development with 108 parking spaces.
      890 S Magnolia Ave, Ontario, CA 91762
      View Details
    • Contact for pricing

      Small Industrial Yard For Sale

      Rare, mostly paved industrial yard with perimeter fencing.
      5580 W Mission Blvd, Ontario, CA 91762
      View Details
    • $3,500,000

      Ontario Ranch Mixed-Use Land

      2.73 acre mixed-use land in high-growth Ontario Ranch.
      Nec Euclid Ave & Edison Ave, Ontario, CA 91762
      View Details
    • $580,000
      7,533.00 Acres

      Ontario Multifamily Development Opportunity

      Entitled 5-unit multifamily project on 0.17 acres in Ontario.
      1411 W Mission Blvd, Ontario, CA 91762
      View Details
    • Contact for pricing

      Multifamily Property with New ADU

      Multifamily property featuring a newly built detached ADU.
      718 S Vine Ave, Ontario, CA 91762
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      10,507 SF

      Modern Office Space Available

      High-speed internet, elevator access, and ample parking included.
      1520 North Mountain Ave, Ontario, CA 91762
      View Details
    • Contact for pricing
      1,322 SF

      Ontario Office Space For Rent

      Second floor office space available for rent in Ontario, CA.
      700 N Mountain Ave, Ontario, CA 91762
      View Details
    • Contact for pricing
      10,772 SF

      Office Space with Private Offices

      Office space featuring private offices, conference rooms, and kitchenettes.
      611 S Palmetto Ave, Ontario, CA 91762
      View Details
    • Contact for pricing
      1,104 SF

      Ontario Office Space Available

      Office space for rent in Ontario, CA.
      1511 W Holt Blvd, Ontario, CA 91762
      View Details
    • $0.35 SF/Yr

      Newly Constructed IOS Yard

      Class A yard with modular office for lease.
      14437 Euclid Ave, Ontario, CA 91762
      View Details
    • $1.90 SF/Yr
      1,231 SF

      Office Space with Private Offices

      Office space featuring four private offices and an open office area.
      1131 W 6Th St, Ontario, CA 91762
      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.
    615 Euclid Ave
    Ontario, CA 91762-3200
    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!