Freestanding Warehouse with
For Sale
Contact for pricing
10989 Calabash Ave, Fontana, CA 92337
Freestanding warehouse and office with fenced, concrete-paved yard for secured storage and flexible truck staging.
Property Size13,016 SF
Price / SF$279
Days on Market62
Property Features for 10989 Calabash Ave
General Information
Standard status
Active
Size
13,016 SF
Class
C
Property subtype
Industrial
Zoning
Southwest Industrial Park (SWIP)
Investment Type
Owner/User
Building Details
Year Built
1993
Buildings
1
Tenancy
Single
Listing Agency:
Lee & Associates - Ontario
(909) 373-2713
Listed By:
Kyle Vizzo · License #CA 02061917
Source:
Crexi
Added: Jun 10
Changed: Aug 8
Last Checked: Aug 9 at 12:26PM
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 Lee & Associates - Ontario
Investment Insights
Based on property information with market context.
Freestanding warehouse and office building totaling approximately 13,016 square feet on about 10.75 acres. The site includes roughly 60% fully fenced, concrete-paved yard designed for secured outdoor storage and truck/trailer parking. Warehouse improvements feature three 14' x 14' grade-level doors and one exterior dock-high truck well, providing practical loading flexibility for a range of heavy and light industrial operations. The building offers a 15' minimum clear height and a durable concrete floor built for demanding use.
The property is located in the heart of Fontana’s Southwest Industrial Park. Access and connectivity are supported by proximity to I-10 and I-15, with Ontario International Airport about 5 miles away. The BNSF San Bernardino intermodal facility is approximately 14 miles from the site, and the Ports of Los Angeles and Long Beach are within reach.
This is a strong fit for an owner-user needing both functional loading and secured yard space, such as manufacturing, distribution, contractor operations, or heavy storage. The combination of office space, multiple loading points, and a meaningful amount of fenced, paved outdoor area helps support day-to-day operations that require staging, parking, and outside storage.
The property is located in the heart of Fontana’s Southwest Industrial Park. Access and connectivity are supported by proximity to I-10 and I-15, with Ontario International Airport about 5 miles away. The BNSF San Bernardino intermodal facility is approximately 14 miles from the site, and the Ports of Los Angeles and Long Beach are within reach.
This is a strong fit for an owner-user needing both functional loading and secured yard space, such as manufacturing, distribution, contractor operations, or heavy storage. The combination of office space, multiple loading points, and a meaningful amount of fenced, paved outdoor area helps support day-to-day operations that require staging, parking, and outside storage.
Key Highlights
- Freestanding 13,016 SF warehouse and office building on 0.75 acres (32,670 SF) in Fontana’s Southwest Industrial Park
- Three 14’ x 14’ grade‑level doors plus one exterior dock‑high truck well for loading flexibility
- 15’ minimum clear height and durable concrete floor for demanding warehouse operations
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$189,627
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,792,540
$3.8M
Cap Rate 7%
$2,708,957
$2.7M
Cap Rate 9%
$2,106,967
$2.1M
Market Conditions
NOI Build-Up for 13,016 SF
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.
Gross rent
$273.3K $21.00/SF
− Vacancy
−$20.5K −$1.58/SF
EGI
$252.8K $19.43/SF
− OpEx
−$63.2K −$4.86/SF
NOI
$189.6K $14.57/SF
Area
Fontana, CA
Vacancy
7.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,792,540
Cap Rate 7%
$2,708,957
Cap Rate 9%
$2,106,967
Alternative Uses
Best Use
Office B
$2.71M
$2.37M – $3.16M
NOI $189,627 @ 7.0% cap · market cap 5.22%
Second Best
Warehouse
$2.28M
$1.99M – $2.65M
NOI $159,285 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$3.79M
$3.31M – $4.42M
NOI $265,120 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92337, CA
36,394
Population
9,730
Households
3.7
Avg Household Size
33
Median Age
16%
College-Educated
78%
High-School Grad
13.7 sq mi
ZIP Area
2,656
Density / Sq Mi
$104,936
Median Household Income
$41,372
Median Earnings
$2,120
Median Rent
$519,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding warehouse and office with fenced, concrete-paved yard for secured storage and flexible truck staging.
Where is this warehouse located?
The property is located at 10989 Calabash Ave Fontana, CA.
What is the asking price?
The asking price for this property is $3,631,464.
What are key features of this property?
This property features: Freestanding 13,016 SF warehouse and office building on 0.75 acres (32,670 SF) in Fontana’s Southwest Industrial Park; Three 14’ x 14’ grade‑level doors plus one exterior dock‑high truck well for loading flexibility; 15’ minimum clear height and durable concrete floor for demanding warehouse operations
