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

    9032 Merrill Ave Ontario, CA 91710

    • Warehouses
    • 2,207 SF
    • 29.25 lot acres
    OFF-MARKET
    Value Estimations
    $620,000
    Show details
    Cap Rate Potential
    5.7%
    Warehouses
    Location Intelligence
    Property ID
    US10-0558714
    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

    • Gardner Trucking / Trucking Company
    • CRST the Transportation Solution / Transportation Service
    • Gardner Trucking (CHINO YARD) / Trucking Company
    • Lanting Hay / Trucking Company

    Property Details for 9032 Merrill Ave

    Year built
    1956
    Construction
    WOOD FRAME
    Lot size
    29.25 lot acres
    Property size
    2,207 SF
    Property type
    Warehouses
    APN
    1054-511-01-0000
    APU
    1054511010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $585,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $550,000
      6.5%
      $510,000
      7%
      $470,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $804,000
      Market price range: $515k - $804k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $585,000
      Current use
      OFFICE BUILDING
      $960,000
      Change: +64% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $845,000
      Change: +44% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $670,000
      Change: +15% Conversion: Easy
      MEDICAL BUILDING
      $640,000
      Change: +9% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $595,000
      Change: +2% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Ontario
    County
    San Bernardino
    State
    California
    Longitude
    -117.609
    Latitude
    33.9861
    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
    $572,881
    $51,499,800
    $520,200
    $52,020,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $455,000
      1.19 Acres

      Boulder St

      MINI-WAREHOUSE, STORAGE • 1.19 Acres
      Boulder St, Chino, CA 91710
      View Details
    • Value Estimation
      $335,000
      1.22 Acres

      13850 Benson Ave

      MINI-WAREHOUSE, STORAGE • 1.22 Acres
      13850 Benson Ave, Chino, CA 91710-7005
      View Details
    • Value Estimation
      $485,000
      16,356 SF

      3561 Philadelphia St

      WAREHOUSE, STORAGE • 16,356 SF
      3561 Philadelphia St, Chino, CA 91710-2089
      View Details
    • Value Estimation
      $290,000
      7,300 SF

      13961 Central Ave, Unit PARCL11

      MINI-WAREHOUSE, STORAGE • 7,300 SF
      13961 Central Ave, Chino, CA 91710-5556
      View Details
    • Value Estimation
      $500,000
      25,000 SF

      14320 Albers Way

      MINI-WAREHOUSE, STORAGE • 25,000 SF
      14320 Albers Way, Chino, CA 91710-1134
      View Details
    • Value Estimation
      $900,000
      57,466 SF

      13930 Benson Ave

      MINI-WAREHOUSE, STORAGE • 57,466 SF
      13930 Benson Ave, Chino, CA 91710
      View Details

    Similar Nearby for Sale

    • $2,285,000
      6,014 SF

      Chino Industrial Condo For Sale

      High image, climate-controlled warehouse condo in Chino, California.
      14808-14856 Central Ave, Chino, CA 91710
      View Details
    • Contact for pricing
      6,444 SF

      Free Standing Industrial Building

      Industrial building featuring office space and ground level loading.
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      87,550 SF

      Manufacturing/Distribution Facility on 5.02 Acres

      87,550 SF manufacturing/distribution facility with fenced yard.
      13951 Monte Vista Ave, Chino, CA 91710
      View Details
    • Contact for pricing
      10,166 SF

      Chino Freestanding Industrial Building

      Freestanding industrial building with office space and freeway access.
      13348 Monte Vista Ave, Chino, CA 91710
      View Details
    • $2,285,000
      6,014 SF

      Climate Controlled Warehouse For Sale

      6,014 sqft climate controlled warehouse with frontage on Central Avenue.
      14808 Central Ave, Chino, CA 91710
      View Details
    • Contact for pricing
      10,166 SF

      Chino Industrial Building For Sale

      10,166 SF Manufacturing/Warehouse
      13348 Monte Vista Ave, Chino, CA 91710
      View Details

    Similar Nearby for Lease

    • $1.50 SF/Yr
      8,400 SF

      Chino Warehouse Space Available

      Warehouse space with dock high doors, suitable for storage.
      4603-4609 Chino Ave, Chino, CA 91710
      View Details
    • Contact for pricing
      61,481 SF

      Industrial Building with Rail Access

      61,481 SF industrial building featuring rail service potential.
      14235 Ramona Ave, Chino, CA 91710
      View Details
    • $1.40 SF/Yr
      41,142 SF

      Industrial Space with Mezzanine Storage

      Industrial spaces featuring mezzanine storage, ground-level doors, and clear-span area.
      13505 Yorba Ave, Chino, CA 91710
      View Details
    • $1.59 SF/Yr
      4,105 SF

      Freestanding Industrial Building with Yard

      Refurbished industrial building with fenced yard available for lease.
      5778 Waco St, Chino, CA 91710
      View Details
    • $1.25 SF/Yr
      21,927 SF

      Industrial Building with Large Yard

      Freestanding industrial building with office space and large yard.
      5611 Kimball Ct, Chino, CA 91710
      View Details
    • $1.75 SF/Yr
      21,762 SF

      Chino Warehouse with Fenced Yard

      Warehouse with 30' clearance, ESFR, and fenced yard.
      5258 Chino Hills Pkwy, Chino, CA 91710
      View Details
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    9032 Merrill Ave
    Ontario, CA 91710
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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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