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    Property profile & analytics

    8960 Central Ave Montclair, CA 91763-1619

    • Outlet malls
    • 45,263 SF
    • 4.35 lot acres
    OFF-MARKET
    Value Estimations
    $7,425,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1190976
    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

    • Geek Squad / Tech Support Center / (Bike/Boat/Book/etc) Store
    • Magnolia / Electronics & Wireless Store
    • Best Buy / Electronics & Wireless Store

    Property Details for 8960 Central Ave

    Year built
    1998
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.35 lot acres
    Property size
    45,263 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    1008-021-10-0000
    APU
    1008021100000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,815,000
      6.5%
      $9,980,000
      7%
      $9,270,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,060,000
      Market price range: $2.14M - $6.03M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $10,055,000
      Current use
      INDUSTRIAL (GENERAL)
      $12,350,000
      Change: +23% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Montclair
    County
    San Bernardino
    State
    California
    Longitude
    -117.692
    Latitude
    34.0915
    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
    $110,002
    $3,880,795
    $6,473,454
    $10,354,249
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $18,265,000
      149,705 SF

      9404 Central Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 149,705 SF
      9404 Central Ave, Montclair, CA 91763-2421
      View Details
    • Value Estimation by Request
      135,987 SF

      5459 Moreno St

      Outlet malls • 135,987 SF
      5459 Moreno St, Montclair, CA 91763
      View Details
    • Value Estimation by Request
      0.26 Acres

      8955 Central Ave

      SHOPPING CENTER, STRIP CENTER • 0.26 Acres
      8955 Central Ave, Montclair, CA 91763-1620
      View Details
    • Value Estimation
      $3,150,000
      4,939 SF

      9015 Central Ave

      SHOPPING CENTER, STRIP CENTER • 4,939 SF
      9015 Central Ave, Montclair, CA 91763-1646
      View Details
    • Value Estimation
      $890,000
      4,026 SF

      9585 Central Ave

      SHOPPING CENTER, STRIP CENTER • 4,026 SF
      9585 Central Ave, Montclair, CA 91763-2424
      View Details
    • Value Estimation
      $990,000
      8,950 SF

      4669 Holt Blvd

      SHOPPING CENTER, STRIP CENTER • 8,950 SF
      4669 Holt Blvd, Montclair, CA 91763-4712
      View Details

    Similar Nearby for Sale

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      15,352 SF

      Montclair Retail Center For Sale

      Fully leased retail center in Montclair with long-term tenants.
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      Established Barbershop Business Opportunity

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      High-traffic retail space, excellent location.
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      Restaurant Opportunity in Montclair

      Restaurant for sale in Montclair, California.
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      Montclair Restaurant Opportunity For Sale

      Restaurant opportunity in Montclair's Orchard Plaza, includes all equipment.
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    Similar Nearby for Lease

    • Contact for pricing

      Montclair Retail Anchor Space Available

      Anchor and drive-thru spaces for lease in Montclair, California.
      5280 Arrow Hwy, Montclair, CA 91763
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    • $25 SF/Yr
      7,163 SF

      Orchard Plaza Retail Space

      Montclair, CA: High-traffic retail center
      4432 Holt Blvd, Montclair, CA 91763
      View Details
    • Contact for pricing
      1,000 SF

      Montclair Retail Space For Lease

      Retail suite available in high-traffic Montclair location near I-10.
      9680 Central Ave, Montclair, CA 91763
      View Details
    • Contact for pricing
      1,616 SF

      Montclair Business Center Flex Space

      Multi-tenant building with open office/showroom and one restroom.
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    • Contact for pricing
      1,250 SF

      Retail Space Available For Rent

      Retail space available for rent in Montclair, CA.
      5291 Holt Blvd, Montclair, CA 91763
      View Details
    • Contact for pricing
      17,430 SF

      Montclair Retail Center - Central Ave

      Prime Montclair retail space, multiple units available.
      10340-10368 Central Ave, Montclair, CA 91763
      View Details
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    8960 Central Ave
    Montclair, CA 91763-1619
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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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