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Property profile & analytics
OFF-MARKET
Estimated value
$21,450,000
Office Spaces
9337 Milliken Ave, Rancho Cucamonga, CA 91730-6002
Individually Owned
1-yr Hold
Free & Clear
Property ID
US10-1104769
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
48,374 SF
Lot
4.33 ac (188,611 SF)
APN
0229-341-24-0000
UPID
US10-1104769
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
-
Willow Brook Financial Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$21.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$20.88M
Blend (final)
Blend
$21.45M
Owner & transaction history
Sang Choi Howard · 1 yrs held
Sang Choi Howard
since 2024
Last sale
$21.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$23.4M
+6.5%
Restaurant
$22.7M
+3.7%
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 Rancho Cucamonga submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rancho Cucamonga 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
$21,450,000
ML approach
$21,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$21,935,000
Current use
OFFICE BUILDING
$23,355,000
Change: +6% · Conversion: Easy
RESTAURANT
$22,735,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$21.45M
Range $19.31M – $23.60M · ±10% · vs last sale $21.45M (Oct 25 2024)
Last sale anchor
$21.45M
Oct 25 2024
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
$443 / 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
$120,605
Tax year 2023
Assessed value
$11,150,729
Assessed 2024
Previous assessed
$10,932,087
+2.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$2,360,996
Assessed improvement
$8,789,733
Applied tax rate
15.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Total area
48,374 SF
Lot
4.33 ac (188,611 SF)
APN
0229-341-24-0000
UPID
US10-1104769
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
COMMERCIAL (GENERAL) Current
Est. value
$21.9M
OFFICE BUILDING
Est. value
$23.4M
RESTAURANT
Est. value
$22.7M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Lot
4.33 ac
Current owner
From public records · entity-resolved
Sang Choi Howard
Individual
Free & Clear · 1 yrs held
Mailing address
701 N HVN AVE, ONTARIO, CA 91764-4925
Ownership since
2024
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
Jun 2, 2025
—
Sang Chol Howard
—
Deed
related
$8,000,000 · Bbcn Bank
Oct 25, 2024
$21,450,000
Sang Choi Howard
Citizens Business Bank
Grant Deed
—
Nov 17, 2016
$9,800,000
Citizens Busn Bk
Ellen Capital Group LLC
Grant Deed
—
Dec 16, 2015
—
Ellen Capital Group LLC
Ellen Capital Group LLC
Intrafamily Transfer
related
$5,000,000 · Grandpoint Bank
Jan 19, 2010
$4,100,000
Ellen Capital Group LLC
Federal Deposit Insurance Corporati
Special Warranty Deed
$2,050,000 · Citizens Business Bank
Jun 1, 2005
—
Pff Bank & Trust
Genesis Real Estate Group I
Grant Deed
related
—
Jun 1, 2005
$90,909
Genesis Real Estate Group I
Genesis Real Estate Group I
Grant Deed
related
—
Jul 20, 1989
—
Genesis Real Est
Bixby Ranch Co
Grant Deed
$5,500,000 · Tokai Bank California
—
—
Ellen Capital Group LLC
—
Deed Of Trust
related
$1,653,000 · California Statewide Certified
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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