Renovated Commercial Space with
1115 S Grove Avenue Ontario, CA 91761
1115 S Grove Avenue, Ontario, CA, 91761
Contact for pricing
For Sale
Contact for pricing
Renovated commercial space with offices and warehouse in Ontario.
Property Size3,308 SF
Price / SF$359.73
Days on Market156
Property Features for 1115 S Grove Avenue
General Information
- Standard status
- Active
- Size
- 3,308 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 2008
Listing Agency
Coldwell Banker Envision
Listed by
Maggie Chen · License #CA 01246364
Source
Crexi
Added: Feb 11 Checked: Jul 14 at 9:56 pm
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 Coldwell Banker Envision
Investment Insights
Based on property information with market context.
This renovated commercial space, featuring both offices and a warehouse, is situated in the Belmont & Grove Business Park in Ontario. The property benefits from frontage on Grove Avenue, offering visibility. Ample parking space is available. The layout includes a reception area, five private offices, a conference room, a kitchen with a sink, and two restrooms. The spacious warehouse area features high ceilings for storage and operations, along with a storage room for additional organization and inventory. A tall roll-up grade-level door facilitates delivery and distribution operations. The property is located within 10 minutes of Ontario International Airport. The intended use of the property is for commercial activities.
Key Highlights
- Prime location in the highly sought‑after Belmont & Grove Business Park with direct frontage on Grove Avenue.
- Spacious warehouse with high ceilings and a tall roll‑up grade level door for efficient delivery and distribution.
- Includes 5 private offices, a conference room, and a reception area.
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 | $63.1k | $19.08 |
| − Vacancy | −$4.9k | −$1.47 |
| EGI | $58.3k | $17.61 |
| − OpEx | −$8.7k | −$2.64 |
| NOI | $49.5k | $14.97 |
3,308 SF · lease $19.08/SF/yr · vacancy 7.71% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$707.3K
$618.9K – $825.2K
NOI $49,513 @ 7.0% cap · market cap 4.16%
Second Best
Office B
$684.5K
$598.9K – $798.6K
NOI $47,913 @ 7.0% cap · market cap 4.03%
Theoretical Best
Specialty Retail
$855.6K
$748.6K – $998.2K
NOI $59,889 @ 7.0% cap · market cap 5.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
NCR Flooring, Inc.
General Contractor
Golden Trans Lines
Freight Service
Ontario Pool Tile
Building Supply
El Vaquerito de ...
Clothing & Fashion Store
Nova's Water Restoration, ...
Hardware & Home Improvement
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FAQs
What type of property is this?
Flex space - Renovated commercial space with offices and warehouse in Ontario.
Where is this flex space located?
The property is located at 1115 S Grove Avenue Ontario, CA.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: Prime location in the highly sought‑after Belmont & Grove Business Park with direct frontage on Grove Avenue.; Spacious warehouse with high ceilings and a tall roll‑up grade level door for efficient delivery and distribution.; Includes 5 private offices, a conference room, and a reception area.
