Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    299 West Foothill Blvd Upland, CA 91786

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Two-story office building on historic Route 66.

    Property size:
    36,870 SF

    Property Features for 299 West Foothill Blvd

    General Information

    Size
    36,870 SF

    Building Details

    Year built
    1986

    We can help!

    Listing Contact
    Steve Liu
    Source: Naiglobal

    Listing Agent: Steve Liu

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Professionally Managed Office Building

    Magnolia Plaza is a professionally managed two-story office building located on West Foothill Boulevard in Upland, California, within the Inland Empire. The city of Upland is bordered by Rancho Cucamonga to the east, Ontario to the south, and Montclair/Clairmont to the west. The property is situated 5 minutes north of the I-10, on Foothill Boulevard, historically known as Route 66. The building offers office spaces on the second floor, ranging from 1,160 to 1,796 square feet. The building is elevator served and includes covered parking. Eyebrow signage is available. The location benefits from high traffic, with over 27,000 cars per day, and is near various restaurants, retail amenities, and other services. The second-floor suites offer mountain views. The property size is 36,870 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Select Physical Therapy ... Physical Therapy Clinic Johnson Judith A Physical Therapist The Law Office of Howard ... Attorney On Tap barbershop Barber Shop Venashomes,inc Real Estate Agent

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Upland
    County
    San Bernardino
    State
    California
    Longitude
    -117.6550598
    Latitude
    34.1081971

    Nearby Similar for Sale

    • New
      $1,149,000
      2,577 SF

      Mixed-Use Compound Near Claremont Colleges

      Historic mixed-use property with residential and commercial units near Claremont.
      2599 Huntington Dr, Upland, CA 91786
      View Details
    • $229,000
      2,200 SF

      Upland Beer & Market Business

      Established neighborhood market with multiple revenue streams and food service.
      69 N Grove Ave, Upland, CA 91786
      View Details
    • $895,000
      2,267 SF

      Upland Industrial Condo Opportunity

      2,267 sq ft industrial condo in desirable 11th Street Business Park.
      1846 W 11Th St, Upland, CA 91786
      View Details
    • $299,000

      Profitable Sports Bar & Nightclub

      Bustling sports bar and nightclub with high foot traffic.
      1386 Foothill Blvd, Upland, CA 91786
      View Details
    • $579,900

      Updated Condo in Gated Community

      Turnkey two-bedroom condo with remodeled bathrooms and modern kitchen.
      1531 Corte Caballo, Upland, CA 91786
      View Details
    • $1,166,090
      4,021 SF

      Upland Industrial Condo Portfolio

      Industrial condo portfolio in Upland, California, for sale.
      1693 Arrow Rt. Unit B & C, Upland, CA 91786
      View Details
    • $865,070
      2,983 SF

      Upland Industrial Condo Portfolio

      Industrial condo portfolio in Upland, California, for sale.
      1685 Arrow Rt., Upland, CA 91786
      View Details
    • $841,000
      2,900 SF

      Upland Industrial Condo Portfolio

      Industrial condo portfolio in Upland, California, for sale.
      1685 Arrow Rt., Upland, CA 91786
      View Details
    • $1,345,000

      Upland Multi-Use Facility For Sale

      Multi-use facility with offices and auto mechanic shop.
      360 N Central Ave, Upland, CA 91786
      View Details
    • $589,000
      1,522 SF

      Upland Condo in Gated Community

      Two-bedroom condo in Upland Vistas, close to amenities.
      401 Corte Rojo, Upland, CA 91786
      View Details
    • $610,000

      Spacious Condo with Modern Amenities

      Well-maintained condo featuring 3 bedrooms, 2.5 baths, and resort-style amenities.
      1503 Florence Ct, Upland, CA 91786
      View Details
    • $699,000

      Remodeled Industrial Condo For Sale

      Remodeled 1,800 Sq Ft industrial condo ideal for professional services.
      6 N Central Ave, Upland, CA 91786
      View Details

    FAQs

    What type of property is this?
    Office building - Two-story office building on historic Route 66.
    Where is this office building located?
    The property is located at 299 West Foothill Blvd Upland, CA.
    What is the asking price?
    The asking price for this property is $1.95.
    What are key features of this property?
    This property features: - Professionally managed office building.; - Located on historic Route 66 with over 27,000 CPD.; - Close proximity to I-10 (5 minutes).
    (714) 349-3547
    Request Owner's contact information
    299 West Foothill Blvd Upland, CA 91786
    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.
    299 West Foothill Blvd
    Upland, CA 91786
    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
    299 West Foothill Blvd Upland, CA 91786
    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

    We can help!
    Listing Contact
    Steve Liu
    Real Estate License ID: 01323150
    (714) 349-3547
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.