Office/Industrial Property in South
For Sale
$1,868,000
1600 S Grove Suite A, Ontario, CA 91761
Office/Industrial property with high image office buildout near Ontario Airport.
Property Size5,338 SF
Price / SF$349.94
Days on Market147
Property Features for 1600 S Grove Suite A
General Information
Standard status
Active
Size
5,338 SF
Property subtype
Industrial
Building Details
Building Size
5,338 SF
Year Built
2007
Stories
1
Properties For Sale
at 1600 S Grove Suite A Contact us- Suite
- A
- Size
- 5,338 SF
Available Space
Not For Lease. Asking Price: $1,968,000 ($368.68/SF)
Contact us
Listing Agency:
Daum Commercial
(909) 652-9045
Listed By:
Kerry Cole · License #CA 00946482
(909) 652-9045
Source:
Daumcommercial
Added: Apr 3
Changed: Aug 25
Last Checked: Aug 26 at 5:26AM
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 Daum Commercial
Investment Insights
Based on property information with market context.
This office/industrial property, located in South Ontario, features a high-image office buildout and is situated minutes from Ontario International Airport, offering excellent freeway access. The property includes 3,700 square feet of office space, 725 square feet of warehouse space, and a 913-square-foot mezzanine. It has a 4:1 parking ratio. The building has a calculated sprinkler system of .33 GMP/3,00 SF and a 2" water line. It also features 4 AC units and zones. The property has 400 Amps 120/480 V power (buyer to verify) and a 16’ clear height. Frontier Fiber service is available. Built-in furniture is included.
Key Highlights
- Excellent freeway access and proximity to Ontario International Airport
- High image office buildout with built‑in furniture
- 3,700 SF office space with 725 SF warehouse and 913 SF mezzanine
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
$65,798
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
3.52%
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%
$1,315,960
$1.3M
Cap Rate 7%
$939,971
$940.0K
Cap Rate 9%
$731,089
$731.1K
Market Conditions
NOI Build-Up for 5,338 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
$101.8K $19.08/SF
− Vacancy
−$7.9K −$1.47/SF
EGI
$94.0K $17.61/SF
− OpEx
−$28.2K −$5.28/SF
NOI
$65.8K $12.33/SF
Area
Ontario, CA
Vacancy
7.71%
Lease Rate
$19.08 /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%
$1,315,960
Cap Rate 7%
$939,971
Cap Rate 9%
$731,089
Alternative Uses
Best Use
Industrial
$940.0K
$822.5K – $1.10M
NOI $65,798 @ 7.0% cap · market cap 3.52%
Second Best
Flex RnD
$872.8K
$763.7K – $1.02M
NOI $61,098 @ 7.0% cap · market cap 3.27%
Theoretical Best
Specialty Retail
$1.38M
$1.21M – $1.61M
NOI $96,641 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
696
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Office/Industrial property with high image office buildout near Ontario Airport.
Where is this flex space located?
The property is located at 1600 S Grove Suite A Ontario, CA.
What is the asking price?
The asking price for this property is $1,868,000.
What are key features of this property?
This property features: Excellent freeway access and proximity to Ontario International Airport; High image office buildout with built‑in furniture; 3,700 SF office space with 725 SF warehouse and 913 SF mezzanine
