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Property profile & analytics
OFF-MARKET
Estimated value
$2,565,000
Industrial properties
820 Francis St Ontario, CA 91761-5561
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-1463623
Property summary
AI-generated overview
This 7,680-square-foot warehouse in Ontario, CA, offers a prime location and exceptional features. Built in 1988, the property sits on a 0.44-acre lot and boasts 16-foot minimum clear ceilings, ideal for various industrial uses. The warehouse includes approximately 807 square feet of office space with three separate offices and two restrooms (one in the office and one in the warehouse). The property features one ground-level door (10' x 12'), a sprinkler system, skylights, and foil insulation. Electrical service includes 800 amps, 277/480 volt, 3-phase 4-wire power. Ample parking is available with 15 auto stalls. The property is zoned GI - General Industrial and benefits from convenient access to the CA-60, I-10, and I-15 freeways, as well as close proximity to Ontario International Airport. Immediate occupancy is available. The asking price is $2,565,000. One loading dock is included.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,680 SF
Lot
0.44 ac (19,160 SF)
APN
1050-431-06-0000
UPID
US10-1463623
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
$2.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.57M
Owner & transaction history
Oceanland Us LLC · 1 yrs held
Oceanland Us LLC
since 2024
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.6M
+39.4%
Commercial (general)
$3.4M
+30.9%
Office building
$3.3M
+29.0%
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
$2,565,000
ML approach
$2,565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,590,000
Current use
RESTAURANT
$3,610,000
Change: +39% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,390,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$3,340,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,340,000
Change: -10% · Conversion: Easy
MEDICAL BUILDING
$2,220,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$2.57M
Range $2.31M – $2.82M · ±10% · vs last sale $2.57M (Aug 29 2024)
Last sale anchor
$2.57M
Aug 29 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
$334 / 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
$22,291
Tax year 2024
Assessed value
$2,040,000
Assessed 2024
Previous assessed
$2,040,000
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$781,320
Assessed improvement
$1,258,680
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Units
1
Total area
7,680 SF
Lot
0.44 ac (19,160 SF)
APN
1050-431-06-0000
UPID
US10-1463623
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
INDUSTRIAL (GENERAL) Current
Est. value
$2.6M
RESTAURANT
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$3.4M
OFFICE BUILDING
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.2M
INDUSTRIAL (GENERAL) Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Units
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Oceanland Us LLC
Entity
Mailing address
67 E LIVE OAK AVE STE #106, ARCADIA, CA 91006-5256
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2024
$2,565,000
Oceanland Us LLC
Kimberly Erickson
Grant Deed
$1,815,000 · Bank Of America NA
Jul 25, 2022
$1,152,000
John Gerardi
Stephen D Taylor
Grant Deed
$500,000 · Citizens Business Bank
Jul 25, 2022
—
Stephen D Taylor
Stephen Taylor
Intrafamily Transfer
related
—
Feb 8, 2016
—
John Gerardi
Gerardi,gloria M
Affidavit Of Death
related
—
Jun 4, 1998
$322,500
Gerardi Trust
Taylor Business Park
Grant Deed
$530,000 · California Korea Bank
Mar 17, 1988
$643,000
Cameron Inv
Commo
Trustees Deed
—
Mar 17, 1988
—
Commonwealth Ser
Byron
Trustees Deed
related
—
—
—
Gerardi Trust
—
Deed Of Trust
related
$210,000 · Citizens Business Bank
—
—
Taylor Business
—
Deed Of Trust
related
$250,000 · Union Fsb
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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