Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8976 Vernon Ave Montclair, CA 91763-1659
    Back to Search
    Property profile & analytics

    8976 Vernon Ave, Montclair, CA 91763-1659

    View on Map
    • Warehouses
    • 4,622 SF
    • 0.25 lot acres
    Off-Market
    Last Sale Apr 9, 2021
    $1,200,000
    Property ID
    US10-1168319
    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
    $1,285,000
    Show details
    Cap Rate Potential
    2.5%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Olson's Auto Repair / Auto Repair Shop

    Property Details for 8976 Vernon Ave

    Year built
    1981
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.25 lot acres
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    1008-041-06-0000
    APU
    1008041060000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 9, 2021 $1,200,000 Marc A Furstman Allen K Olson Grant Deed —
    Apr 9, 2021 — Allen K Olson Stephanie Ann Olson Intrafamily Transfer · related —
    Jul 21, 1992 $295,000 Allen K Olson Kolby,david Grant Deed $265k · Money Store California
    Mar 31, 1992 — Victor L Danzo Danzo Trust Quit Claim Deed · related $130k · Crossland Savings Bank
    — — Allen K Olson — Deed Of Trust · related $220k · Bank Of America

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,640,000
      ML approach
      $1,670,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $826,000
      Market price range: $220k - $974k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,180,000
      Current use
      OFFICE BUILDING
      $2,010,000
      Change: +71% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,590,000
      Change: +35% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,405,000
      Change: +19% Conversion: Easy
      MEDICAL BUILDING
      $1,335,000
      Change: +14% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,245,000
      Change: +6% Conversion: Moderate
      RETAIL STORES
      $1,025,000
      Change: -13% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Montclair
    County
    San Bernardino
    State
    California
    Longitude
    -117.687
    Latitude
    34.091
    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
    2024
    $13,919
    $344,893
    $928,557
    $1,273,450
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.90 Acres

      10601 Oak Gln Ave

      MINI-WAREHOUSE, STORAGE
      10601 Oak Gln Ave, Montclair, CA 91763-4616
      View Details
    • Value Estimation
      $905,000
      6,516 SF

      5365 Brks St

      MINI-WAREHOUSE, STORAGE
      5365 Brks St, Montclair, CA 91763-4539
      View Details
    • Value Estimation
      $865,000
      6,630 SF

      5369 Brks St

      MINI-WAREHOUSE, STORAGE
      5369 Brks St, Montclair, CA 91763-4539
      View Details
    • Value Estimation
      $13,465,000
      60,092 SF

      5011 Brks St

      MINI-WAREHOUSE, STORAGE
      5011 Brks St, Montclair, CA 91763-4804
      View Details
    • Value Estimation
      $1,400,000
      2,400 SF

      4776 Brks St

      MINI-WAREHOUSE, STORAGE
      4776 Brks St, Montclair, CA 91763-4724
      View Details
    • Value Estimation by Request
      2,282 SF

      4951 Holt Blvd

      MINI-WAREHOUSE, STORAGE
      4951 Holt Blvd, Montclair, CA 91763-4814
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,649 SF

      Free Standing Warehouse with Yard

      Warehouse with secured yard, 8 miles to Ontario airport.
      10720 Ada Ave, Montclair, CA 91763
      View Details
    • Contact for pricing
      187,179 SF

      Montclair Warehouse Ready For Occupancy

      Newly constructed warehouse with secured truck court and ample parking.
      4369 State St, Montclair, CA 91763
      View Details
    • Contact for pricing
      187,179 SF

      New Industrial Building For Sale

      State-of-the-art industrial building in master-planned park, ready for occupancy.
      Msn Blvd & Ramona Ave, Montclair, CA 91763
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      98,685 SF

      Distribution Facility in Montclair, CA

      98,685 SF distribution facility with modern amenities for lease.
      10628 Central Ave, Montclair, CA 91763
      View Details
    • Contact for pricing

      Montclair Warehouse with Mezzanine

      Gated, secure parking and ground level loading available for rent.
      5139 Brooks St, Montclair, CA 91763
      View Details
    • Contact for pricing
      6,360 SF

      Montclair Warehouse Space Available

      6,630 SF warehouse space available for lease.
      5369 Brooks St, Montclair, CA 91763
      View Details
    • Contact for pricing
      7,777 SF

      Freestanding Warehouse with Fenced Yard

      Recently renovated warehouse featuring loading doors and a fenced yard.
      5420 Brooks St, Montclair, CA 91763
      View Details
    • Contact for pricing
      7,900 SF

      Montclair Warehouse with Work Bays

      7,900 SF warehouse with multiple bays and street frontage.
      5334 Holt Blvd, Montclair, CA 91763
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8976 Vernon Ave
    Montclair, CA 91763-1659
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8976 Vernon Ave, Montclair, CA, 91763
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!