Building Details

Year Built 2017

Listing Agency: APEC Enterprises Inc.

Listed By: Jim Chen · License #01351445 Show Phone

Source: Compass

Added: Apr 1, 2020 Changed: Oct 11 Last Checked: Oct 15 at 1:14AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of APEC Enterprises Inc.

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Investment Insights

Based on property information with market context.

This 2017 warehouse building contains 5,200 square feet overall, with approximately 1,150 square feet identified for occupancy. The facility has an 18-foot minimum clear height, four side-wall fans, and additional electrical outlets distributed throughout the warehouse. A portion of the space is enclosed by walls and a controlled gate, with potential to expand to 2,500 square feet in the future.

Building systems include a fire alarm, water recovery system, and security cameras with monitoring equipment. Electrical service is rated at 400 AMP, 120/240V. A double-gate entrance supports access, while handicap parking and an accessible warehouse entrance are provided. The site also includes 11 parking spaces and landscaping designed to meet water-conservation requirements.

Key Highlights

• 5,200‑square‑foot warehouse building with approximately 1,150 square feet identified for occupancy
• 18‑foot minimum warehouse height with four side‑wall fans
• 400 AMP, 120/240V electrical system

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,213

Suggested Prices Based on Cap Rates

Cap Rate 5%

$344,260 $344.3K

Cap Rate 7%

$245,900 $245.9K

Cap Rate 9%

$191,256 $191.3K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,150 SF

Gross rent

$21.9K $19.08/SF

− Vacancy

−$1.7K −$1.47/SF

EGI

$20.3K $17.61/SF

− OpEx

−$3.0K −$2.64/SF

NOI

$17.2K $14.97/SF

Area

Ontario, CA

Vacancy

7.71%

Lease Rate

$19.08 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$344,260

Cap Rate 7%

$245,900

Cap Rate 9%

$191,256

Alternative Uses

Best Use

Warehouse

$245.9K

$215.2K – $286.9K (±1% cap)

NOI $17,213 @ 7.0% cap · market cap 662.04%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$297.4K

$260.3K – $347.0K (±1% cap)

NOI $20,820 @ 7.0% cap · market cap 800.77%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Next Level Kush ... (Bike/Boat/Book/etc) Store Premises Metals Recycling Center Mavis Law Firm

Suggested Use

Top Pick Real Estate Agency Law Firm Gym & Fitness Center Parking Lot & Garage Pharmacy (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,068

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 91762, CA

62,524

Population

20,163

Households

3.1

Avg Household Size

34

Median Age

21%

College-Educated

77%

High-School Grad

14.3 sq mi

ZIP Area

4,372

Density / Sq Mi

$76,289

Median Household Income

$40,085

Median Earnings

$1,752

Median Rent

$568,700

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - Built in 2017, the facility provides monitored security and upgraded electrical capacity.

Where is this warehouse located?

The property is located at 10802 Vernon Avenue Ontario, CA.

What are key features of this property?

This property features: 5,200‑square‑foot warehouse building with approximately 1,150 square feet identified for occupancy; 18‑foot minimum warehouse height with four side‑wall fans; 400 AMP, 120/240V electrical system