Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1121 State St Ontario, CA 91762

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1.40 SF/Yr

    25,512 SF warehouse with secured yard and ample power.

    Type:Industrial
    Property size:
    25,512 SF
    Added:
    Nov 26, 2025
    Days on Market:
    132
    Last Refresh:
    Apr 5 at 9:09 pm

    Property Features for 1121 State St

    General Information

    Standard status
    Active
    Size
    25,512 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    2020

    Spaces For Lease

    at 1121 State St Contact us

    We can help!

    Listing Contact
    Michael Wolfe
    Michael Wolfe

    Listing agent Michael Wolfe License #CalDRE #00641624

    Listing office

    Listing date Nov 26, 2025

    Source Lee-associates

    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 Michael Wolfe

    Overview

    Freestanding Warehouse Building with Yard

    This freestanding warehouse building offers approximately 25,512 square feet of space, including about 1,244 square feet of office area. The property features two dock-high doors and four grade-level doors. Electrical capacity is substantial, with 1,200 amps and 277/480 volts. The warehouse is equipped with an ESFR sprinkler system and LED lighting. A fully secured and fenced yard provides added security. Skylights account for 2% of the roof area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • Partners Alliance Cold — 630 e california st, ontario, ca 91761
    • Fleet RV & Boat Storage — 627 S Bon View Ave, Ontario, CA 91761
    • Aportstorage® Containers — 627 S Bon View Ave, Ontario, CA 91761
    • CORE X ALLIANCE — 565 E California St, Ontario, CA 91761
    • RLS Alliance — 630 e california st, ontario, ca 91761

    Location Insight

    • Map
    • Local Demand
    City
    Ontario
    County
    San Bernardino
    State
    California
    Longitude
    -117.631
    Latitude
    34.0604

    Nearby Similar for Lease

    • Contact for pricing

      Class A Office Space Available

      Move-in ready office space in Ontario, CA for lease.
      3200 E Guasti Road, Ontario, CA 91764
      View Details
    • Contact for pricing

      Ontario Office Building For Lease

      Multi-tenant office building in Ontario Airport submarket available for lease.
      430 N Vineyard Avenue, Ontario, CA 91764
      View Details
    • $39,080/mo

      Class A Office Space Available

      Prime Ontario location with freeway access and ample parking.
      3450 Center Lake Drive, Ontario, CA 91761
      View Details
    • Contact for pricing

      Ontario Class A Office Space

      Class A office space available for lease in Ontario, CA.
      3110 E Guasti Road, Ontario, CA 91761
      View Details
    • Contact for pricing

      Class A Office Space Available

      Move-in ready office space near Ontario International Airport.
      3200 E Guasti Road, Ontario, CA 91764
      View Details
    • Contact for pricing

      Ontario Office Space For Lease

      Professional office space for lease in Ontario, California.
      3281 E Guasti Road, Ontario, CA 91761
      View Details
    • Contact for pricing

      Class A Office Space Available

      Multi-tenant office building near Ontario Airport and Ontario Mills.
      3110 E Guasti Road, Ontario, CA 91761
      View Details
    • Contact for pricing

      Class A Office Building Lease

      Class A office space available near Ontario Airport.
      3450 Center Lake Drive, Ontario, CA 91761
      View Details
    • Contact for pricing

      Modern Office Space Available

      First-floor office with reception, offices, conference rooms, kitchen, parking.
      3998 Inland Empire Boulevard, Ontario, CA 91764
      View Details
    • $22,930/mo

      Class A Office Space Available

      Prime office space in Ontario, near airport and retail.
      3110 E Guasti Road, Ontario, CA 91761
      View Details
    • Contact for pricing

      Class A Office Space Available

      High-image office space in premiere Ontario Airport submarket location.
      3281 E Guasti Road, Ontario, CA 91761
      View Details
    • Contact for pricing

      Class A Office Space Available

      Multi-tenant Class A office campus in Ontario, California for lease.
      3110 E Guasti Road, Ontario, CA 91761
      View Details

    FAQs

    What type of property is this?
    Warehouse - 25,512 SF warehouse with secured yard and ample power.
    Where is this warehouse located?
    The property is located at 1121 State St Ontario, CA.
    What is the lease rate?
    The lease rate is $1.40 SF/Yr.
    What are key features of this property?
    This property features: Freestanding ±25,512 SF Warehouse Building; Fully Secured/Fenced Yard; 1,200 Amps, 277/480 Volt Power Supply
    (909) 373-2915
    We can help!
    Listing Contact
    Michael Wolfe
    Michael Wolfe
    Real Estate License ID: CalDRE #00641624
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!