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    8030 Cherry Ave Fontana, CA 92335
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    8030 Cherry Ave, Fontana, CA 92335

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    • Commercial real estate
    • 4,872 SF
    • 0.98 lot acres
    For Sale
    $5,999,000
    View Listing →
    New Retail Pad with Drive-Thru For Sale
    $5,999,000
    4,872 SF

    New Retail Pad with Drive-Thru

    New retail pad with strong tenants and drive-thru.

    8030 Cherry Ave, Fontana, CA 92335
    View Listing
    Property ID
    US10-1735966
    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

    • Chipotle Mexican Grill / Restaurant

    Property Details for 8030 Cherry Ave

    Year built
    2024
    Lot size
    0.98 lot acres
    Property type
    Commercial real estate
    APN
    1100-831-02-0000

    Description

    This exceptional investment opportunity features a newly constructed, 4,872 square foot, free-standing retail building in Fontana, CA. The property is 100% occupied by three strong fast-casual tenants: Chipotle, Jersey Mike's, and Dragon Grill. The building includes a drive-thru Chipotlane and six EV charging stations with long-term leases. Situated on a 0.98-acre lot with 51 parking spaces, the property benefits from a prime location at a signalized intersection with over 70,000 vehicles passing daily. The property boasts a 4.75% cap rate and a strong NOI of $309,480. Built in 2024, this triple-net leased property offers minimal management burden with all common area maintenance expenses passed through to tenants. The strong demographics of the area, with over 140,000 residents within a 3-mile radius and an average household income exceeding $118,000, contribute to the property's long-term stability and potential for appreciation. The property's location in Fontana, a thriving logistics and e-commerce hub in Southern California, further enhances its investment appeal. This is a rare opportunity to acquire a high-profile retail asset with top-tier tenants in a dynamic market. The property is zoned C-C and has an APN of 1100-831-02-0000. The asking price is $6,515,000.

    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
    Fontana
    County
    San Bernardino
    State
    California
    Longitude
    -117.4888605
    Latitude
    34.1079422

    Comparable in this City

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      New Retail Pad with Drive-Thru

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      8030 Cherry Ave, Fontana, CA 92335
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      Prime Fontana Retail Redevelopment Opportunity

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      Fontana Four-Unit Commercial Property

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    Similar Nearby for Sale

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      Fontana Retail Center For Sale

      Retail center in Fontana, CA, built in 2021 and 88.7% occupied.
      9885 Sierra Ave, Fontana, CA 92335
      View Details
    • $5,999,000

      New Retail Pad with Drive-Thru

      New retail pad with strong tenants and drive-thru.
      8030 Cherry Ave, Fontana, CA 92335
      View Details
    • $1,400,000
      1.23 Acres

      Prime Fontana Retail Redevelopment Opportunity

      1.23 acre commercial land suitable for retail development.
      9096 Citrus Ave, Fontana, CA 92335
      View Details
    • $400,000
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      Fontana Freeway Industrial District Lot

      Prime lot in Fontana's Freeway Industrial District along I-10.
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    • $1,400,000

      Fontana Retail Redevelopment Opportunity

      Prime 1.23-acre commercial land for retail redevelopment in Fontana.
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      View Details
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      Fontana Four-Unit Commercial Property

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      View Details

    Similar Nearby for Lease

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      Retail Space Near Kaiser Permanente

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      Retail Space in Fontana Center

      Retail spaces available in Fontana, anchored by ALDI & Dollar Tree.
      10044 Sierra Ave, Fontana, CA 92335
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    Fontana, CA 92335
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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.

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