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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Flex space
629 Hope Ave Ontario, CA 91761-1824
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-1546297
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1943
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,814 SF
Lot
0.16 ac (6,983 SF)
APN
1049-213-07-0000
UPID
US10-1546297
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
$520k
CAP Approach
CAP
$535k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$550k
Owner & transaction history
Ricardo Jimenez Lopez · 1 yrs held
Ricardo Jimenez Lopez
since 2024
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$505,000
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
$580,000
6.5%
$535,000
7%
$495,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$855,000
Change: -10% · Conversion: Easy
MEDICAL BUILDING
$815,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $600k (Aug 27 2024)
Last sale anchor
$600k
Aug 27 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
$195 / 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
$4,227
Tax year 2024
Assessed value
$385,993
Assessed 2024
Previous assessed
$385,993
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$150,108
Assessed improvement
$235,885
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1943
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Total area
2,814 SF
Lot
0.16 ac (6,983 SF)
APN
1049-213-07-0000
UPID
US10-1546297
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
AUTO REPAIR, GARAGE
Est. value
$855,000
MEDICAL BUILDING
Est. value
$815,000
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1943
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Ricardo Jimenez Lopez
Individual
Mailing address
454 N WHITE AVE STE C, POMONA, CA 91768-3722
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2024
$600,000
Ricardo Jimenez Lopez
Hightech Floor Covering INC
Grant Deed
$590,000 · Hightech Floor Covering INC
Sep 28, 2018
$340,000
Uyen Hoang
Longway Bob & Connie F/tr
Grant Deed
$200,000 · Private Individual
Sep 28, 2018
—
Longway,bob & Connie Family Trust
Longway,robert B
Affidavit Of Death
related
—
Oct 17, 2012
$265,000
Longway Bob & C Family Trust
Blondel,michael P
Grant Deed
—
Mar 1, 2010
—
Michael P Blondel
Blondel,silvia
Quit Claim Deed
related
—
Mar 1, 2010
$65,000
Michael P Blondel
Altringer,rebecca E
Grant Deed
$40,000 · Rebecca E Altringer
Jan 26, 2010
—
Rebecca E Altringer
Dragicevich Family Trust
Grant Deed
related
—
Sep 1, 1994
—
Dragicevich,fmly Tr Etal
Dragicevich,louis Etux
Quit Claim Deed
related
—
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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