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    Ontario Commercial Property For Sale Title is generated by Realmo AI

    545 E California Street, Ontario, CA 91761

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    For Sale
    $690,000

    Commercial Sale - Ontario, CA

    Property size:
    3,002 SF
    Lot size:
    0.19 Acres
    Price / SF:
    $229/SF
    Added:
    Apr 15, 2024
    Days on Market:
    782
    Last Refresh:
    Jun 5 at 4:06 pm

    Property Features for 545 E California Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    1049322040000
    Size
    3,002 SF
    Lot size
    0.19 Acres

    Building Details

    Year built
    1963
    Architectural style
    Other

    We can help!

    Listing Contact
    Brad Wallace

    Listing agent Brad Wallace License #01822380

    Listing office KELLER WILLIAMS EMPIRE ESTATES 9483 Haven Avenue Suite 100, Rancho Cucamonga, CA

    Listing date Apr 15, 2024

    MLS# CV24072441 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two buildings on one lot: +/-2,338 SF warehouse and +/-1,182 SF office.
    • Zoned Business Park.
    • Fully gated and fenced property.
    • Ample parking between buildings.
    • Ideal for owner‑user or rental income potential.
    • +/- 8,100 SF lot.

    Overview

    This commercial property in Ontario, California, features two buildings on an approximately 8,100 square foot lot. The front building offers approximately 1,182 square feet of office space, while the rear building provides approximately 2,338 square feet of warehouse space, totaling 3,002 square feet. Zoned for Business Park use, the property is fully gated and fenced, offering ample parking between the two buildings. It is suitable for an owner-user looking to occupy the office space and lease out the warehouse, or as an investment property. The sale is subject to court confirmation due to its probate status.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $57.3k $19.08
    − Vacancy −$4.4k −$1.47
    EGI $52.9k $17.61
    − OpEx −$7.9k −$2.64
    NOI $44.9k $14.97
    3,002 SF · lease $19.08/SF/yr · vacancy 7.71% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $641.9K
    $561.7K – $748.9K (±1% cap)
    NOI $44,933 @ 7.0% cap · market cap 6.51%
    Second Best
    Office B
    $621.2K
    $543.5K – $724.7K (±1% cap)
    NOI $43,481 @ 7.0% cap · market cap 6.30%
    Theoretical Best
    Specialty Retail
    $776.4K
    $679.4K – $905.8K (±1% cap)
    NOI $54,349 @ 7.0% cap · market cap 7.88%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ministerio Unidos por ... Church SoCal Compressor Service ... Production Facility RCS Compressors and Vacuum ... Production Facility

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Eddie's Taco — 101 N Plum Ave, Ontario, CA 91764

    Location Insight

    • Map
    • Local Demand
    City
    Ontario
    County
    San Bernardino
    State
    California
    Longitude
    -117.657457
    Latitude
    34.055551

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    FAQs

    What type of property is this?
    Flex space - Two-building commercial property suitable for owner-user or investment.
    Where is this flex space located?
    The property is located at 545 E California Street Ontario, CA.
    What is the asking price?
    The asking price for this property is $690,000.
    What are key features of this property?
    This property features: Two buildings on one lot: +/-2,338 SF warehouse and +/-1,182 SF office.; Zoned Business Park.; Fully gated and fenced property.
    (909) 908-2723
    We can help!
    Listing Contact
    Brad Wallace
    Real Estate License ID: 01822380
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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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