Renovated Mixed-Use Commercial
For Sale
$1,060,000
Pending
1115 S Grove Ave 102, Ontario, CA 91761
Office and warehouse configuration with a reception area, conference room, kitchen, restrooms, storage, and loading access.
Property Size2,589 SF
Days on Market53
Property Features for 1115 S Grove Ave 102
General Information
Standard status
Pending
Size
2,589 SF
Property subtype
Industrial
Additional Details
Road Access
Yes
Drive-In Doors
1
Amenities
Reception area
5 private offices
Conference room
kitchen with sink
2 Restrooms
Storage room
Building Details
Building Size
2,589 SF
Year Built
2008
Listing Agency:
Coldwell Banker Envision
Listed By:
Maggie Chen · License #01246364
(626) 378-8668
Source:
Elliman
Added: Sep 11
Changed: Oct 25
Last Checked: Nov 1 at 7:43AM
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
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Investment Insights
Based on property information with market context.
Renovated commercial space combining dedicated office areas with a warehouse component at 1115 S Grove Ave in Ontario. The layout includes a reception area, 5 private offices, a conference room, kitchen with sink, 2 restrooms, and a separate storage room. The warehouse provides high ceilings and a tall roll-up grade-level door for receiving and distribution activity.
The property has direct frontage along Grove Avenue and ample parking. Its location within Belmont & Grove Business Park places it within 10 minutes of Ontario International Airport. Additional property features include a practical mix of office, storage, meeting, and warehouse areas within one commercial setting.
The property has direct frontage along Grove Avenue and ample parking. Its location within Belmont & Grove Business Park places it within 10 minutes of Ontario International Airport. Additional property features include a practical mix of office, storage, meeting, and warehouse areas within one commercial setting.
Key Highlights
- Renovated mixed‑use commercial space with office and warehouse areas
- 5 private offices plus reception and conference areas
- Warehouse with high ceilings and a tall roll‑up grade‑level door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,889
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$837,780
$837.8K
Cap Rate 7%
$598,414
$598.4K
Cap Rate 9%
$465,433
$465.4K
Market Conditions
NOI Build-Up for 2,589 SF
Gross rent
$73.0K $28.20/SF
− Vacancy
−$6.0K −$2.31/SF
EGI
$67.0K $25.89/SF
− OpEx
−$25.1K −$9.71/SF
NOI
$41.9K $16.18/SF
Area
Ontario, CA
Vacancy
8.20%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$837,780
Cap Rate 7%
$598,414
Cap Rate 9%
$465,433
Alternative Uses
Best Use
Mixed Use
$598.4K
$523.6K – $698.2K
NOI $41,889 @ 7.0% cap · market cap 3.95%
Second Best
Warehouse
$553.6K
$484.4K – $645.9K
NOI $38,751 @ 7.0% cap · market cap 3.66%
Theoretical Best
Specialty Retail
$669.6K
$585.9K – $781.2K
NOI $46,872 @ 7.0% cap · market cap 4.42%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
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Business Placement
Demographics for 91761, CA
60,306
Population
18,309
Households
3.3
Avg Household Size
35
Median Age
21%
College-Educated
81%
High-School Grad
28.5 sq mi
ZIP Area
2,116
Density / Sq Mi
$97,396
Median Household Income
$44,493
Median Earnings
$2,015
Median Rent
$590,000
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office and warehouse configuration with a reception area, conference room, kitchen, restrooms, storage, and loading access.
Where is this mixed-use property located?
The property is located at 1115 S Grove Ave 102 Ontario, CA.
What is the asking price?
The asking price for this property is $1,060,000.
What are key features of this property?
This property features: Renovated mixed‑use commercial space with office and warehouse areas; 5 private offices plus reception and conference areas; Warehouse with high ceilings and a tall roll‑up grade‑level door
