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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    647 California St Ontario, CA 91761

    • Turn key restaurants
    • 1,894 SF
    • 0.20 lot acres
    OFF-MARKET
    Last Sale
    Aug 28, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1454362
    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.

    Current Use by Public Records

    • EBOC Dental Lab Inc. / Dental Office
    • Absolute Digital Dental Labratory / Dental Office

    Property Details for 647 California St

    Year built
    1960
    Construction
    WOOD FRAME
    Lot size
    0.20 lot acres
    Property size
    1,894 SF
    Property type
    Turn key restaurants
    APN
    1049-321-01-0000
    APU
    1049321010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Ontario
    County
    San Bernardino
    State
    California
    Longitude
    -117.66
    Latitude
    34.0556
    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
    $2,744
    $224,400
    $377,400
    $601,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,160,000
      8,940 SF

      3060 Archibald Ave

      RESTAURANT • 8,940 SF
      3060 Archibald Ave, Ontario, CA 91761-7918
      View Details
    • Value Estimation
      $875,000
      6,577 SF

      1919 Riverside Dr

      RESTAURANT • 6,577 SF
      1919 Riverside Dr, Ontario, CA 91761-6480
      View Details
    • Value Estimation
      $1,025,000
      8,500 SF

      3223 Ctr Lk Dr

      RESTAURANT • 8,500 SF
      3223 Ctr Lk Dr, Ontario, CA 91761-1214
      View Details
    • Value Estimation
      $535,000
      2,532 SF

      2421 Vineyard Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,532 SF
      2421 Vineyard Ave, Ontario, CA 91761-6479
      View Details
    • Value Estimation
      $505,000
      3,154 SF

      1180 Philadelphia St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,154 SF
      1180 Philadelphia St, Ontario, CA 91761-5689
      View Details
    • Value Estimation
      $655,000
      2,592 SF

      54 Milliken Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,592 SF
      54 Milliken Ave, Ontario, CA 91761-7810
      View Details

    Similar Nearby for Sale

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      Turnkey Restaurant Business Opportunity

      Prime Ontario, CA location near the 15 Freeway and Auto Center.
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      Turn-Key Used Car Lot

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    • $1,225,000
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      Ontario Commercial Property For Sale

      Retail showroom, office, and warehouse near Ontario International Airport.
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    • Contact for pricing
      107 SF

      Grocery Anchored Retail Center

      High-visibility retail center anchored by Cardenas Markets.
      2450 S Vineyard Ave, Ontario, CA 91761
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    • $735,000
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      Ontario Industrial Building with Yard

      Two-unit industrial building with private yard for sale.
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    • Contact for pricing
      1.49 Acres

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      1.49-acre mixed-use development site.
      422 Emporia St, Ontario, CA 91761
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,592 SF

      Fully Fixtured Restaurant Space Available

      Restaurant space with high visibility and freeway access.
      54 S Milliken Ave, Ontario, CA 91761
      View Details
    • $54 SF/Yr
      9,500 SF

      Ontario Restaurant & Retail Opportunity

      Prime location, drive-thru potential, 40,823 SF
      1185 Holt Blvd, Ontario, CA 91761
      View Details
    • $36 SF/Yr
      52,611 SF

      Vineyard Pavilion Retail Center

      Ontario, CA: Prime Retail Opportunity
      2450 Vineyard Ave, Ontario, CA 91761
      View Details
    • $31 SF/Yr
      176,813 SF

      One Lakeshore Centre: Ontario Office Space

      Class A Office Suites in Ontario Airport Submarket
      3281 Centre Lake Dr, Ontario, CA 91761
      View Details
    • Contact for pricing
      926,100 SF

      Master Planned Logistics Park

      926,100 SF Warehouse/Office in Ontario
      610 Carnegie Ave, Ontario, CA 91761
      View Details
    • $1.19 SF/Yr
      124,027 SF

      Ontario Warehouse: 124,027 SF

      Large warehouse, ideal for distribution. High-power, excellent access.
      1661 Vintage Ave, Ontario, CA 91761
      View Details
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    647 California St
    Ontario, CA 91761
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    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
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