Renovated Colton Office Building For
For Sale
$850,000
1377 N La Cadena Dr, Colton, CA 92324
Renovated office building in Colton, ideal for various business uses.
Property Size3,140 SF
Lot Size0.28 Acres
Price / SF$270.70
Days on Market194
Property Features for 1377 N La Cadena Dr
General Information
Standard status
Active
Size
3,140 SF
Lot size
0.28 Acres
Listing Agency:
MGR REAL ESTATE, INC.
(626) 806-3341
Listed By:
Giorgio Touma · License #02188974
(626) 806-3341
Source:
Exprealty
Added: Jan 26
Changed: Aug 8
Last Checked: Aug 8 at 5:48AM
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 MGR REAL ESTATE, INC.
Investment Insights
Based on property information with market context.
This single-story office building in Colton, originally constructed in 1966 and renovated in 2023, offers 3,140 square feet of space on a 0.28-acre lot (approximately 12,380 sq ft). The property is zoned for commercial use and features an efficient layout with spacious open traditional office areas, 10-foot ceilings, three restrooms, and a kitchenette. It is suitable for executive suites, creative workspaces, medical offices, or multi-tenant configurations. The property includes a fully gated, secured, and paved yard, offering privacy and flexibility for additional parking, employee break areas, outdoor storage, or client events. Ample on-site parking is available. The building is less than a mile from downtown Colton, with convenient access to I-10 and I-215, public transit, and local amenities. The renovated condition ensures a move-in ready, professional environment.
Key Highlights
- Move‑in ready condition thanks to recent 2023 renovations.
- Strategic location less than a mile from downtown Colton with easy access to I‑10 and I‑215.
- Versatile 3,140 sq ft single‑story building suitable for various commercial uses.
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
$36,959
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
4.35%
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%
$739,180
$739.2K
Cap Rate 7%
$527,986
$528.0K
Cap Rate 9%
$410,656
$410.7K
Market Conditions
NOI Build-Up for 3,140 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
$53.5K $17.04/SF
− Vacancy
−$4.2K −$1.35/SF
EGI
$49.3K $15.69/SF
− OpEx
−$12.3K −$3.92/SF
NOI
$37.0K $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%
$739,180
Cap Rate 7%
$527,986
Cap Rate 9%
$410,656
Alternative Uses
Best Use
Office B
$528.0K
$462.0K – $616.0K
NOI $36,959 @ 7.0% cap · market cap 4.35%
Second Best
Healthcare Medical
$371.8K
$325.3K – $433.8K
NOI $26,027 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$662.3K
$579.6K – $772.7K
NOI $46,364 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
878
Businesses Nearby
Explore this area
Business Placement
Demographics for 92324, CA
58,626
Population
19,150
Households
3.1
Avg Household Size
33
Median Age
16%
College-Educated
75%
High-School Grad
27.8 sq mi
ZIP Area
2,109
Density / Sq Mi
$69,419
Median Household Income
$36,956
Median Earnings
$1,600
Median Rent
$413,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Renovated office building in Colton, ideal for various business uses.
Where is this office building located?
The property is located at 1377 N La Cadena Dr Colton, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Move‑in ready condition thanks to recent 2023 renovations.; Strategic location less than a mile from downtown Colton with easy access to I‑10 and I‑215.; Versatile 3,140 sq ft single‑story building suitable for various commercial uses.
