Building Details

Building Size 2,222 SF

Year Built 2006

Units 22

Listing Agency: Realty ONE Group Empire n***@gmail.com Show Phone

Listed By: NANETTE MURPHY · License #01088214

Source: Elliman

Added: Nov 28, 2025 Changed: Aug 9 Last Checked: Aug 19 at 11:39AM

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Investment Insights

Based on property information with market context.

An industrial property located at 12221 Poplar St #17, Oak Hills, CA 92344 is available for sale. The list price is $475,000.

Key Highlights

• Year Built: 2006

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

$18,247

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

3.84%

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%

$364,940 $364.9K

Cap Rate 7%

$260,671 $260.7K

Cap Rate 9%

$202,744 $202.7K

Market Conditions

NOI Build-Up for 2,222 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

$27.7K $12.48/SF

− Vacancy

−$1.7K −$0.75/SF

EGI

$26.1K $11.73/SF

− OpEx

−$7.8K −$3.52/SF

NOI

$18.2K $8.21/SF

Area

San Bernardino County, CA

Vacancy

6.00%

Lease Rate

$12.48 /SF/Yr

Expense Ratio

30.00%

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%

$364,940

Cap Rate 7%

$260,671

Cap Rate 9%

$202,744

Alternative Uses

Best Use

Industrial

$260.7K

$228.1K – $304.1K (±1% cap)

NOI $18,247 @ 7.0% cap · market cap 3.84%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$468.7K

$410.1K – $546.8K (±1% cap)

NOI $32,809 @ 7.0% cap · market cap 6.91%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Industrial properties

Suggested Use

Top Pick Furniture & Home Goods Bakery (Bike/Boat/Book/etc) Store Hair Salon Nail Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

20

Businesses Nearby

Explore this area Business Placement

Demographics for 92344, CA

23,166

Population

6,329

Households

3.7

Avg Household Size

34

Median Age

20%

College-Educated

83%

High-School Grad

37.6 sq mi

ZIP Area

616

Density / Sq Mi

$99,909

Median Household Income

$45,574

Median Earnings

$2,117

Median Rent

$454,100

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Industrial property - Industrial property available for sale in Oak Hills, CA.

Where is this industrial property located?

The property is located at 12221 Poplar St #17 Oak Hills, CA.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: Year Built: 2006