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Property profile & analytics
FOR LEASE
Warehouses
620 S Magnolia Ave E Ontario, CA 91762
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0870772
For Lease
$4,085,000
620 S Magnolia Ave,Unit E, Ontario, CA 91762
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,520 SF
Lot
0.64 ac (28,055 SF)
APN
1011-211-18-0000
UPID
US10-0870772
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
-
Kroo Inc Radio Station Telecommunications Service
-
Kleinfelder Engineering Consultant
-
United Terrazzo Carpet & Flooring Store Hardware & Home Improvement
-
Hi Performance Electric Vehicle Systems Industrial Manufacturer Production Facility
-
Curtis Movers Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.27M
Blend (final)
Blend
$4.09M
Owner & transaction history
Sunflower Realty LLC · 2 yrs held
Sunflower Realty LLC
since 2024
Last sale
$4.1M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.4M
+72.8%
Commercial (general)
$5.1M
+62.8%
Office building
$5.0M
+59.8%
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
$4,085,000
ML approach
$4,085,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,135,000
Current use
RESTAURANT
$5,415,000
Change: +73% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,105,000
Change: +63% · Conversion: Difficult
OFFICE BUILDING
$5,010,000
Change: +60% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,040,000
Change: +29% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,505,000
Change: +12% · Conversion: Easy
MEDICAL BUILDING
$3,335,000
Change: +6% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,100,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$4.09M
Range $3.68M – $4.49M · ±10% · vs last sale $4.09M (Feb 5 2024)
Last sale anchor
$4.09M
Feb 5 2024
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
$355 / 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
$30,128
Tax year 2024
Assessed value
$2,757,444
Assessed 2024
Previous assessed
$2,757,444
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$654,766
Assessed improvement
$2,102,678
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Lease
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Total area
11,520 SF
Lot
0.64 ac (28,055 SF)
APN
1011-211-18-0000
UPID
US10-0870772
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
$3.1M
RESTAURANT
Est. value
$5.4M
COMMERCIAL (GENERAL)
Est. value
$5.1M
OFFICE BUILDING
Est. value
$5.0M
INDUSTRIAL (GENERAL)
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
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
0.64 ac
Current owner
From public records · entity-resolved
Sunflower Realty LLC
Entity
Mailing address
123 WILLOWBEND, IRVINE, CA 92612-2827
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2024
$4,085,000
Sunflower Realty LLC
620magnolia LLC
Grant Deed
—
Jan 26, 2024
—
620 Magnolia LLC
—
Deed
related
$400,000 · Suet Lam Lau
Jan 22, 2021
$2,598,500
620magnolia LLC
Kobold Construction
Grant Deed
$1,320,000 · East West Bank
Jul 24, 2020
—
Kobold Construction
—
Deed
related
$1,800,000 · Citizens Business Bank
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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