Three-Unit Flex
For Sale
Contact for pricing
1235 W Holt Blvd, Ontario, CA 91762
Single-story commercial space with separately metered units and a covered work area.
Property Size6,540 SF
Lot Size0.58 Acres
Price / SF$305.81
Days on Market157
Property Features for 1235 W Holt Blvd
General Information
Standard status
Active
Size
6,540 SF
Lot size
0.58 Acres
Property subtype
Industrial, Retail
Zoning
IP - Industrial Park
Additional Details
Road Access
Yes
Building Details
Buildings
1
Stories
1
Units
3
Building Size
6,540 SF
Listing Agency:
Avison Young - Downtown Los Angeles
Listed By:
Patrick Barnes · License #CA 01333182
Source:
Crexi
Added: Mar 27
Changed: Aug 30
Last Checked: Aug 30 at 12:37PM
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 Avison Young - Downtown Los Angeles
Investment Insights
Based on property information with market context.
This single-story flex property includes 6,540 SF of commercial building area configured for division into three separately metered units. An additional approximately 2,250 SF covered work area expands the functional footprint. The property is zoned IP - Industrial Park and occupies approximately 0.58 acres.
Located at 1235 W Holt Blvd in Ontario, California, the site fronts the W. Holt Boulevard corridor and offers connectivity to major transportation routes, including Ontario International Airport. The address is within the Inland Empire market and provides a commercial setting suited to flexible occupancy and operational needs.
Located at 1235 W Holt Blvd in Ontario, California, the site fronts the W. Holt Boulevard corridor and offers connectivity to major transportation routes, including Ontario International Airport. The address is within the Inland Empire market and provides a commercial setting suited to flexible occupancy and operational needs.
Key Highlights
- 6,540 SF single‑story commercial building
- Divisible into three separately metered units
- Approximately 2,250 SF covered work area
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
$110,509
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
5.53%
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%
$2,210,180
$2.2M
Cap Rate 7%
$1,578,700
$1.6M
Cap Rate 9%
$1,227,878
$1.2M
Market Conditions
NOI Build-Up for 6,540 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
$164.8K $25.20/SF
− Vacancy
−$6.9K −$1.06/SF
EGI
$157.9K $24.14/SF
− OpEx
−$47.4K −$7.24/SF
NOI
$110.5K $16.90/SF
Area
Ontario, CA
Vacancy
4.21%
Lease Rate
$25.20 /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%
$2,210,180
Cap Rate 7%
$1,578,700
Cap Rate 9%
$1,227,878
Alternative Uses
Best Use
Retail
$1.58M
$1.38M – $1.84M
NOI $110,509 @ 7.0% cap · market cap 5.53%
Second Best
Industrial
$1.15M
$1.01M – $1.34M
NOI $80,614 @ 7.0% cap · market cap 4.03%
Theoretical Best
Specialty Retail
$1.69M
$1.48M – $1.97M
NOI $118,402 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
922
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91762, CA
62,524
Population
20,163
Households
3.1
Avg Household Size
34
Median Age
21%
College-Educated
77%
High-School Grad
14.3 sq mi
ZIP Area
4,372
Density / Sq Mi
$76,289
Median Household Income
$40,085
Median Earnings
$1,752
Median Rent
$568,700
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- TC Catering — 1309 W Mission Blvd, Ontario, CA 91762
Frequently Asked Questions
What type of property is this?
Flex space - Single-story commercial space with separately metered units and a covered work area.
Where is this flex space located?
The property is located at 1235 W Holt Blvd Ontario, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 6,540 SF single‑story commercial building; Divisible into three separately metered units; Approximately 2,250 SF covered work area
