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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Warehouses
9032 Merrill Ave Ontario, CA 91710
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0558714
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1956
Construction
WOOD FRAME
Total area
2,207 SF
Lot
29.25 ac (1,273,963 SF)
APN
1054-511-01-0000
UPID
US10-0558714
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
-
Gardner Trucking Trucking Company
-
CRST the Transportation Solution Freight Service Logistics Company
-
Gardner Trucking (CHINO YARD) Trucking Company
-
Lanting Hay Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
$510k
Comparable Approach
Comparable
$804k
Blend (final)
Blend
$630k
Owner & transaction history
9052 Merrill Ave Ontario LLC · 7 yrs held
9052 Merrill Ave Ontario LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$960,000
+64.1%
Commercial (general)
$845,000
+44.2%
Auto repair, garage
$670,000
+14.9%
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 Ontario submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ontario 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
$585,000
CAP Approach
CAP Return
Estimation
6%
$550,000
6.5%
$510,000
7%
$470,000
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
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$285 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$572,881
Tax year 2024
Assessed value
$52,020,000
Assessed 2024
Previous assessed
$52,020,000
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$51,499,800
Assessed improvement
$520,200
Applied tax rate
4.0000
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
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1956
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
6
Bathrooms
3
Total area
2,207 SF
Lot
29.25 ac (1,273,963 SF)
APN
1054-511-01-0000
UPID
US10-0558714
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
WAREHOUSE, STORAGE Current
Est. value
$585,000
OFFICE BUILDING
Est. value
$960,000
COMMERCIAL (GENERAL)
Est. value
$845,000
AUTO REPAIR, GARAGE
Est. value
$670,000
MEDICAL BUILDING
Est. value
$640,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$595,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1956
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
3
Lot
29.25 ac
Current owner
From public records · entity-resolved
9052 Merrill Ave Ontario LLC
Entity
Mailing address
1800 WAZEE ST STE #500, DENVER, CO 80202-2526
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2019
$48,812,500
9052 Merrill Ave Ontario LLC
Lanting Family LLC
Grant Deed
—
Dec 26, 2014
—
Lanting Family LLC
Lanting Family Trust
Quit Claim Deed
$1,475,000 · Lanting Family Trust (pt)
Oct 3, 2003
—
Lanting,tr
Lanting,ronald J & Lorene
Quit Claim Deed
related
—
Oct 6, 1992
$440,000
Ronald J Lanting
Terpstra,theodor
Grant Deed
—
—
—
Ronald J Lanting
—
Deed Of Trust
related
$730,000 · Farm Credit Svc Southern Calif
—
—
Lanting Family Trust
—
Deed Of Trust
related
$461,000 · American Agcredit Flca
—
—
Ronald J Lanting
—
Deed Of Trust
related
$607,497 · Orange National Bank
—
—
Lanting Family Trust
—
Deed Of Trust
related
$450,000 · Bank Of Orange Cnty
—
—
Lanting Family Trust
—
Deed Of Trust
related
$2,100,000 · Bank Of Orange Cnty
—
—
Ronald J Lanting
—
Deed Of Trust
related
$681,738 · Orange National Bank
—
—
Ronald J Lanting
—
Deed Of Trust
related
$835,000 · Orange National Bank
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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