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

    8535 Cherry Ave Fontana, CA 92335-3029

    • Drive through restaurants
    • 1,573 SF
    • 1.28 lot acres
    OFF-MARKET
    Last Sale
    Feb 03, 2022
    Value Estimations
    $440,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1191831
    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

    • S S Burger Basket / Hamburger Restaurant / American Restaurant
    • ATM / Atm

    Property Details for 8535 Cherry Ave

    Year built
    1975
    Construction
    WOOD FRAME
    Lot size
    1.28 lot acres
    Property size
    1,573 SF
    Property type
    Drive through restaurants
    APN
    0230-141-31-0000
    APU
    230141310000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $460,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $423,000
      Market price range: $178k - $424k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $740,000
      Current use
      OFFICE BUILDING
      $685,000
      Change: -8% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $680,000
      Change: -8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fontana
    County
    San Bernardino
    State
    California
    Longitude
    -117.488
    Latitude
    34.0987
    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
    $10,377
    $679,696
    $327,435
    $1,007,131
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $595,000
      4,811 SF

      16063 Foothill Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,811 SF
      16063 Foothill Blvd, Fontana, CA 92335-8053
      View Details
    • Value Estimation
      $370,000
      1,470 SF

      10161 Citrus Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,470 SF
      10161 Citrus Ave, Fontana, CA 92335-6449
      View Details
    • Value Estimation
      $365,000
      1,783 SF

      8137 Sierra Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,783 SF
      8137 Sierra Ave, Fontana, CA 92335-3524
      View Details
    • Value Estimation by Request
      4,872 SF

      8030 Cherry Ave

      Restaurants • 4,872 SF
      8030 Cherry Ave, Fontana, CA 92335
      View Details
    • Value Estimation
      $500,000
      4,761 SF

      9511 Sierra Ave

      RESTAURANT • 4,761 SF
      9511 Sierra Ave, Fontana, CA 92335-2414
      View Details
    • Value Estimation
      $370,000
      1,750 SF

      8407 Cherry Ave

      RESTAURANT • 1,750 SF
      8407 Cherry Ave, Fontana, CA 92335-3034
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      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 Details
    • $1,285,000
      5,574 SF

      Multi-Use Property For Sale

      Property with restaurant, auto repair shop, and single-family home.
      15542 San Bernardino Ave, Fontana, CA 92335
      View Details
    • Contact for pricing
      1,200 SF

      Fontana Retail Space - Great Location

      1200 sq ft Retail Space, Move-in Incentives
      Blvd Unit C, Fontana, CA 92335
      View Details
    • Contact for pricing
      2,400 SF

      Fontana Retail Space - Great Location

      Former medical office, high visibility corner unit.
      17250 Blvd, Fontana, CA 92335
      View Details
    • $989,999
      1,656 SF

      Fontana Commercial Property with Business

      Commercial property with radiator business included in the heart of Fontana.
      17635 Arrow Blvd, Fontana, CA 92335
      View Details
    • $925,000
      2,400 SF

      Fontana Mixed-Use Investment Opportunity

      Mixed-use property with retail and residential units in prime location.
      8641 Sierra Ave, Fontana, CA 92335
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo
      1,600 SF

      Retail Space on Route 66

      1600 SF retail space with high-visibility frontage.
      16205 Foothill Blvd, Fontana, CA 92335
      View Details
    • Contact for pricing
      90,000 SF

      Fontana Plaza East Retail Space

      High-traffic retail center in Fontana, CA.
      9765-9781 Sierra Ave, Fontana, CA 92335
      View Details
    • $2,760 /Mo

      Retail Space in Fontana, CA

      Retail space suitable for various businesses in Fontana, CA.
      17250 Foothill Blvd, Fontana, CA 92335
      View Details
    • Contact for pricing
      150,000 SF

      Fontana Plaza Retail Space Available

      Prime Fontana retail space, 6,750 sq ft available.
      9800-9880 Sierra Ave, Fontana, CA 92335
      View Details
    • $3,500 /Mo
      2,876 SF

      Fontana Commercial Building For Lease

      High-visibility commercial building on Foothill Blvd in Fontana, CA.
      16756 Foothill Blvd, Fontana, CA 92335
      View Details
    • Contact for pricing
      28,284 SF

      Fontana Cross Dock Facility

      28,284 SF cross dock facility with shop on 9.49 acres.
      10223 Calabash Ave, Fontana, CA 92335
      View Details
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    8535 Cherry Ave
    Fontana, CA 92335-3029
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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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