Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    716 Phillips St Ontario, CA 91762
    Back to Search
    Property profile & analytics

    716 Phillips St, Ontario, CA 91762

    View on Map
    • Commercial real estate
    • 17,070 SF
    Off-Market
    Property ID
    US10-0633304
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 716 Phillips St

    Year built
    1984
    Property type
    Commercial real estate
    APN
    1049-583-55 through 1049-583-69

    Description

    This exceptional investment opportunity presents a 15-unit townhome community in Ontario, CA, boasting 17,070 square feet on a substantial 47,916 square foot lot. The property, built in 1984, comprises five two-story buildings, each housing spacious 2-bedroom, 2.5-bathroom townhomes averaging nearly 1,200 square feet. Each unit features in-unit laundry, patios/balconies, and a 2-car garage. The property's prime location offers convenient access to major freeways (10 and 60), numerous retail amenities (Target, Home Depot, In-N-Out, etc.), and popular attractions (Victoria Gardens, Toyota Arena, Top Golf). Currently generating a NOI of $278,121 (4.41% cap rate), a pro-forma NOI of $360,965 (5.73% cap rate) is projected, reflecting significant upside potential through increased rental income. The individually parceled units offer flexibility for future sales, either as a whole or individually. The large lot size presents potential for future development (buyer to verify). The asking price is $6,300,000 ($420,000 per unit and $369.07 per square foot). Additional income streams from a utility reimbursement program further enhance the property's value. This is a rare opportunity to acquire a well-located, value-add multifamily property with substantial upside potential in a rapidly growing area. The property's APN is 1049-583-55 through 1049-583-69.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Ontario
    County
    San Bernardino
    State
    California
    Longitude
    -117.661387
    Latitude
    34.049886

    Comparable in this City

    • $3,400,000
      8,718 SF

      Ontario Multifamily Investment Opportunity

      Well-maintained 12-unit apartment community in a prime Ontario location.
      1425 West Stoneridge Ct, Ontario, CA 91762
      View Details
    • $4,200,000
      1.58 Acres

      Ontario Development Opportunity: Apartment Building

      Land for development of a 49-unit apartment building.
      890 S Magnolia Ave, Ontario, CA 91762
      View Details
    • Contact for pricing
      3,672 SF

      Ontario Multifamily Investment Opportunity

      Four-unit multifamily property in Ontario with rental upside.
      1228 W Rosewood Ct, 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
    • $1,080,000

      Ontario Multifamily Investment Opportunity

      Four-unit multifamily property in Ontario, California with value-add potential.
      1228 W Rosewood Ct, Ontario, CA 91762
      View Details
    • $1,100,000

      Ontario Home with Detached ADU

      Spacious 7-bedroom home with a detached 1-bedroom ADU.
      340 W Caroline St, Ontario, CA 91762
      View Details

    Similar Nearby for Sale

    • $3,400,000
      8,718 SF

      Ontario Multifamily Investment Opportunity

      Well-maintained 12-unit apartment community in a prime Ontario location.
      1425 West Stoneridge Ct, Ontario, CA 91762
      View Details
    • $4,200,000
      1.58 Acres

      Ontario Development Opportunity: Apartment Building

      Land for development of a 49-unit apartment building.
      890 S Magnolia Ave, Ontario, CA 91762
      View Details
    • Contact for pricing
      3,672 SF

      Ontario Multifamily Investment Opportunity

      Four-unit multifamily property in Ontario with rental upside.
      1228 W Rosewood Ct, 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
    • $1,080,000

      Ontario Multifamily Investment Opportunity

      Four-unit multifamily property in Ontario, California with value-add potential.
      1228 W Rosewood Ct, Ontario, CA 91762
      View Details
    • $1,100,000

      Ontario Home with Detached ADU

      Spacious 7-bedroom home with a detached 1-bedroom ADU.
      340 W Caroline St, Ontario, CA 91762
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      10805 Fremont Avenue, Montclair, CA 91762

      Specialty properties
      10805 Fremont Ave, Montclair, CA 91762
      View Details
    • Contact for pricing
      2,094,464 SF

      Ontario Industrial Buildings For Lease

      Three industrial buildings available for lease in Ontario, California.
      Merrill Ave & Bon Vw 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
    • $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

      Ontario Industrial Space For Rent

      1,800 SF industrial space available for lease in Ontario.
      1133 W Brooks St, Ontario, CA 91762
      View Details
    • Contact for pricing
      1,575 SF

      Restaurant Space Near Freeway

      Restaurant space for lease in high-traffic Ontario location.
      2463 S Euclid 2529, 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.
    716 Phillips St
    Ontario, CA 91762
    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

    Thank You for Inquiry
    716 Phillips St, Ontario, CA, 91762
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!