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Property profile & analytics
OFF-MARKET
Estimated value
$57,905,000
Distribution centers
620 Wanamaker Ave Ontario, CA 91761-8118
Entity Owned
4-yr Hold
Free & Clear
Property ID
US10-1215053
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
155,076 SF
Lot
7.38 ac (321,516 SF)
APN
0238-193-24-0000
UPID
US10-1215053
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$35.71M
Comparable Approach
Comparable
$57.41M
Blend (final)
Blend
$57.91M
Owner & transaction history
620 Wanamaker Avenue Investors LLC · 4 yrs held
620 Wanamaker Avenue Investors LLC
since 2022
Last sale
$62.0M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$72.9M
+80.5%
Commercial (general)
$68.4M
+69.4%
Office building
$67.4M
+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
$72,330,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$38,685,000
6.5%
$35,710,000
7%
$33,160,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$40,380,000
Current use
RESTAURANT
$72,885,000
Change: +81% · Conversion: Difficult
COMMERCIAL (GENERAL)
$68,420,000
Change: +69% · Conversion: Difficult
OFFICE BUILDING
$67,420,000
Change: +67% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$52,275,000
Change: +29% · Conversion: Easy
AUTO REPAIR, GARAGE
$47,215,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$44,870,000
Change: +11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$41,745,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$57.91M
Range $52.11M – $63.70M · ±10% · vs last sale $62.04M (Jun 10 2022)
Last sale anchor
$62.04M
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
$373 / 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
$678,113
Tax year 2024
Assessed value
$64,546,416
Assessed 2024
Previous assessed
$64,546,416
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$13,317,120
Assessed improvement
$51,229,296
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
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Total area
155,076 SF
Lot
7.38 ac (321,516 SF)
APN
0238-193-24-0000
UPID
US10-1215053
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
$40.4M
RESTAURANT
Est. value
$72.9M
COMMERCIAL (GENERAL)
Est. value
$68.4M
OFFICE BUILDING
Est. value
$67.4M
INDUSTRIAL (GENERAL)
Est. value
$52.3M
AUTO REPAIR, GARAGE
Est. value
$47.2M
MEDICAL BUILDING
Est. value
$44.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$41.7M
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
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Lot
7.38 ac
Current owner
From public records · entity-resolved
620 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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2022
$62,040,000
620 Wanamaker Avenue Investors LLC
Wanamaker LLC
Grant Deed
—
Jul 29, 2016
—
620 Wanamaker LLC
Mirkin C H Living Trust
Grant Deed
$5,850,000 · Miscellaneous Ins Co
Mar 18, 2015
—
Claudia H Mirkin
J W Mitchell Company LLC
Grant Deed
$5,850,000 · Rga Reinsurance Company
Jul 28, 1989
$2,614,500
Bay Dev Corp
Vogel Ontario
Trustees Deed
—
Jul 28, 1989
$2,878,000
Mitchell J W JR
Bay Dev Corp
Trustees Deed
—
—
—
Mitchell Trust
—
Deed Of Trust
related
$3,800,000 · Bank Of America
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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