Back to Search
Property profile & analytics
FOR LEASE
Distribution centers
717 West State St Ontario, CA 91762
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0567098
For Lease
$35,500,000
717 West State St, Ontario, CA 91762
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2023
Lot
5.33 ac (232,208 SF)
APN
1049-301-07-0000
UPID
US10-0567098
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
-
Cornerstone Equipment Management Inc Big Box & Wholesale Store
-
Cornerstone Property Clean-out Services Liquidator Commercial Cleaning Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$35.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$35.50M
Owner & transaction history
Ta Realty Value Add Fund Xiii Reit · 1 yrs held
Ta Realty Value Add Fund Xiii Reit
since 2024
Last sale
$35.5M
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
$35,500,000
ML approach
$35,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$35.50M
Range $31.95M – $39.05M · ±10% · vs last sale $35.50M (Aug 26 2024)
Last sale anchor
$35.50M
Aug 26 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
—
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
$442,948
Tax year 2024
Assessed value
$40,570,759
Assessed 2024
Previous assessed
$40,570,759
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$4,020,759
Assessed improvement
$36,550,000
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
For Lease
Year built
2023
Heating
NONE
Lot
5.33 ac (232,208 SF)
APN
1049-301-07-0000
UPID
US10-0567098
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
Building & site characteristics
From public records
Year built
2023
Heating
NONE
Lot
5.33 ac
Current owner
From public records · entity-resolved
Ta Realty Value Add Fund Xiii Reit
Entity
Mailing address
1801 CENTURY PARK E STE 1095TH LOS ANGELES
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2024
$35,500,000
Ta Realty Value Add Fund Xiii Reit
Bc State Street Owner LLC
Grant Deed
—
Oct 28, 2021
—
Bc State Street Owner LLC
Bc State Street Owner LLC
Intrafamily Transfer
related
—
Oct 28, 2021
$41,422,000
Duke Realty State Street LP
City Of Ontario
Grant Deed
—
Aug 23, 2021
—
Bc State Street Owner LLC
—
Deed
related
$10,100,000 · Axos Bank
Apr 30, 2021
—
City Of Ontario
Cls Properties LLC
Grant Deed
—
Aug 26, 2019
$3,750,000
Bc State Street Owner LLC
Comstock State LLC
Grant Deed
—
Jan 30, 2019
$3,175,000
Comstock State LLC
Nichols Walter & Rae F/
Grant Deed
$3,000,000 · Molle Investment Group INC
Jan 30, 2019
—
Pamela Nichols
Nichols,pamela
Affidavit Of Death
related
—
Nov 2, 2018
—
Opone LLC
—
Grant Deed
related
$10,000,000 · East West Bk
Oct 20, 2004
—
Gott Wallace D & Betty D Trust
Gott,wallace D & Betty D
Quit Claim Deed
related
—
Jul 5, 1995
$259,884
Walter H Nichols Trustee
San Antonio Park Ltd
Trustees Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
