Garden-Style Multi-Tenant Office
New
For Sale
$4,599,000
12598 Central, Chino, CA 91710
Office suites offer flexible sizing, in-unit water access, restrooms, and second-floor elevator service.
Property Size16,800 SF
Days on Market3
Property Features for 12598 Central
General Information
Standard status
Active
Size
16,800 SF
Elevators
Yes
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
19
Building Details
Building Size
16,800 SF
Units
19
Tenancy
Multi
Listing Agency:
Acreage Real Estate
Listed By:
GURJEET BHATIA · License #01895064
(909) 210-1570
Source:
Elliman
Added: Sep 10
Last Checked: Sep 12 at 6:37AM
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 Acreage Real Estate
Investment Insights
Based on property information with market context.
This multi-tenant office property comprises 19 units ranging from 400 to 2,000 SF. Most suites include water access and interior restrooms, while an elevator serves the second floor. Individual leases include rent escalations, and tenants maintain their own suites. Common-area responsibilities handled by the association include trash service and parking lot upkeep.
The property is located within El Central Plaza on Central Avenue, near the CA-60 freeway. WalkScore is 52, BikeScore is 49, and TransitScore is 27. Office configurations support both smaller and larger businesses, with parking available on site.
The property is located within El Central Plaza on Central Avenue, near the CA-60 freeway. WalkScore is 52, BikeScore is 49, and TransitScore is 27. Office configurations support both smaller and larger businesses, with parking available on site.
Key Highlights
- 19 office units ranging from 400 to 2,000 SF
- Most suites include water access and interior restrooms
- Elevator provides access to the second floor
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
$197,742
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
4.30%
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%
$3,954,840
$4.0M
Cap Rate 7%
$2,824,886
$2.8M
Cap Rate 9%
$2,197,133
$2.2M
Market Conditions
NOI Build-Up for 16,800 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
$286.3K $17.04/SF
− Vacancy
−$22.6K −$1.35/SF
EGI
$263.7K $15.69/SF
− OpEx
−$65.9K −$3.92/SF
NOI
$197.7K $11.77/SF
Area
San Bernardino County, CA
Vacancy
7.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
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%
$3,954,840
Cap Rate 7%
$2,824,886
Cap Rate 9%
$2,197,133
Alternative Uses
Best Use
Office B
$2.82M
$2.47M – $3.30M
NOI $197,742 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.54M
$3.10M – $4.13M
NOI $248,060 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
19
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,387
Businesses Nearby
Explore this area
Business Placement
Demographics for 91710, CA
82,576
Population
23,911
Households
3.5
Avg Household Size
39
Median Age
26%
College-Educated
82%
High-School Grad
22.0 sq mi
ZIP Area
3,753
Density / Sq Mi
$104,205
Median Household Income
$44,304
Median Earnings
$2,002
Median Rent
$645,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Office suites offer flexible sizing, in-unit water access, restrooms, and second-floor elevator service.
Where is this office building located?
The property is located at 12598 Central Chino, CA.
What is the asking price?
The asking price for this property is $4,599,000.
What are key features of this property?
This property features: 19 office units ranging from 400 to 2,000 SF; Most suites include water access and interior restrooms; Elevator provides access to the second floor
