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Property profile & analytics
OFF-MARKET
Estimated value
$7,425,000
Outlet malls
8960 Central Ave Montclair, CA 91763-1619
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US10-1190976
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
45,263 SF
Lot
4.35 ac (189,486 SF)
APN
1008-021-10-0000
UPID
US10-1190976
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
-
Geek Squad Tech Support Center (Bike/Boat/Book/etc) Store
-
Magnolia Electronics & Wireless Store
-
Best Buy Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.98M
Comparable Approach
Comparable
$5.06M
Blend (final)
Blend
$7.43M
Owner & transaction history
Dl Venture Montclair LLC · 9 yrs held
Dl Venture Montclair LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$12.4M
+22.8%
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 Montclair submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montclair 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$10,815,000
6.5%
$9,980,000
7%
$9,270,000
Alternative Use
Use
Estimation
RETAIL STORES
$10,055,000
Current use
INDUSTRIAL (GENERAL)
$12,350,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$7.43M
Range $6.68M – $8.17M · ±10%
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
$164 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$110,002
Tax year 2023
Assessed value
$10,354,249
Assessed 2024
Previous assessed
$10,151,225
+2.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$3,880,795
Assessed improvement
$6,473,454
Applied tax rate
11.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Total area
45,263 SF
Lot
4.35 ac (189,486 SF)
APN
1008-021-10-0000
UPID
US10-1190976
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
RETAIL STORES Current
Est. value
$10.1M
INDUSTRIAL (GENERAL)
Est. value
$12.4M
RETAIL STORES Current
INDUSTRIAL (GENERAL)
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Lot
4.35 ac
Current owner
From public records · entity-resolved
Dl Venture Montclair LLC
Entity
Mailing address
6 ROYAL SAINT GEORGE RD, NEWPORT BEACH, CA 92660-5217
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
Mar 15, 2017
—
Dl Venture Montclair LLC
Ai-lu Family 2016 Trust
Quit Claim Deed
—
Jan 10, 2017
—
2016 Ai-lu Family Trust
Ai,jing
Quit Claim Deed
related
—
Feb 27, 2015
$8,780,000
Jing Ai
Lieun LLC
Grant Deed
$4,916,060 · Wells Fargo Bank NA
Feb 27, 2015
—
Jing Ai
Lu Wenge
Quit Claim Deed
related
—
Jan 30, 2014
$7,750,000
Lieun LLC
Montclair Center LLC
Grant Deed
$5,037,500 · Wells Fargo Bank NA
Jan 23, 2004
$3,793,000
Tis Equities II LLC
Montclair Center LLC
Grant Deed
related
$4,700,000 · John Hancock Real Estate Finan
Oct 22, 2003
—
Montclair Shopping Center LP
Krausz Ft One LP
Grant Deed
$5,800,000 · Bank Of America
Apr 13, 1998
—
Dorian T Krausz
—
Deed Of Trust
related
—
—
—
Montclair,center LLC
—
Deed Of Trust
related
$4,700,000 · John Hancock Real Estate Finan
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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