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

    989 Monterey Ave Ontario, CA 91761-3463

    • Warehouses
    • 18,725 SF
    • 0.96 lot acres
    OFF-MARKET
    Value Estimations
    $420,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1004234
    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

    • Minsley Inc / Food Processing Company

    Property Details for 989 Monterey Ave

    Year built
    2005
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.96 lot acres
    Property size
    18,725 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    1049-354-10-0000
    APU
    1049354100000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $375,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $464,000
      Market price range: $209k - $893k

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

    Location Insight

    • Map
    • Local Demand
    City
    Ontario
    County
    San Bernardino
    State
    California
    Longitude
    -117.643
    Latitude
    34.054
    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
    $23,652
    $661,006
    $1,502,284
    $2,163,290
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $580,000
      23,008 SF

      1431 Baker Ave

      MINI-WAREHOUSE, STORAGE • 23,008 SF
      1431 Baker Ave, Ontario, CA 91761-7749
      View Details
    • Value Estimation
      $875,000
      40,159 SF

      2837 Cedar St

      MINI-WAREHOUSE, STORAGE • 40,159 SF
      2837 Cedar St, Ontario, CA 91761-8515
      View Details
    • Value Estimation
      $430,000
      12,440 SF

      1621 Cucamonga Ave

      MINI-WAREHOUSE, STORAGE • 12,440 SF
      1621 Cucamonga Ave, Ontario, CA 91761-4514
      View Details
    • Value Estimation
      $695,000
      32,864 SF

      1820 Locust St

      MINI-WAREHOUSE, STORAGE • 32,864 SF
      1820 Locust St, Ontario, CA 91761-7737
      View Details
    • Value Estimation
      $475,000
      16,505 SF

      659 Maitland St

      MINI-WAREHOUSE, STORAGE • 16,505 SF
      659 Maitland St, Ontario, CA 91761-3464
      View Details
    • Value Estimation
      $420,000
      12,678 SF

      1721 Monticello Ct

      MINI-WAREHOUSE, STORAGE • 12,678 SF
      1721 Monticello Ct, Ontario, CA 91761-7741
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      19,000 SF

      Hellman Business Park For Sale

      19,000 +/- SF flex/industrial/warehouse space in Hellman Business Park.
      2049 S Hellman Ave, Ontario, CA 91761
      View Details
    • $13,000,000
      11,655 SF

      Ontario Warehouse on 3.65 Acres

      11,655 SF warehouse with quick freeway access.
      1856 Bon View Ave, Ontario, CA 91761
      View Details
    • Contact for pricing
      101,134 SF

      Ontario Warehouse with Secured Yard

      Divisible warehouse space featuring secured yard and multiple loading doors.
      4290 E Brickell St, Ontario, CA 91761
      View Details
    • $6,025,800
      14,520 SF

      New Industrial Warehouse For Sale

      New industrial warehouse with estimated completion in April 2024.
      1166 Mildred Ave, Ontario, CA 91761
      View Details
    • $10,363,734
      37,146 SF

      Industrial Building with Secured Yard

      Industrial building featuring office space and secured yard.
      2319 East Locust St, Ontario, CA 91761
      View Details
    • Contact for pricing
      344,110 SF

      Ontario Distribution Center For Sale

      344,110 SF distribution center with extensive loading docks.
      1350 S Woodruff Way, Ontario, CA 91761
      View Details

    Similar Nearby for Lease

    • $1.19 SF/Yr
      124,027 SF

      Ontario Warehouse: 124,027 SF

      Large warehouse, ideal for distribution. High-power, excellent access.
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    • $21 SF/Yr
      7,062 SF

      Rochester Ave Warehouse Condo

      7,062 SF Industrial Condo For Lease
      840 Rochester Ave, Ontario, CA 91761
      View Details
    • $1.45 SF/Yr
      33,159 SF

      Industrial Space with Office

      Multi-tenant building featuring office and warehouse space for lease.
      285 Dupont St, Ontario, CA 91761
      View Details
    • $1.37 SF/Yr
      18,118 SF

      Free Standing Industrial Building

      High image industrial building with office space and secured yard.
      1441 S Carlos Ave, Ontario, CA 91761
      View Details
    • Contact for pricing
      236,446 SF

      Ontario Distribution Warehouse For Rent

      Freestanding distribution building with convenient freeway access.
      2151 S Proforma Ave, Ontario, CA 91761
      View Details
    • $1.29 SF/Yr
      1,188 SF

      Ontario Warehouse Space Available

      Multi-tenant warehouse space for lease in Ontario, California.
      4055 E Guasti Rd, Ontario, CA 91761
      View Details
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    989 Monterey Ave
    Ontario, CA 91761-3463
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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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