Flex Facility With Office
For Sale
$3,990,000
14171 Fern Unit 6, Chino, CA 91710
Combined warehouse and office property with a polished client-facing area and operational space under one roof.
Property Size11,439 SF
Price / SF$348.81
Days on Market14
Property Features for 14171 Fern Unit 6
General Information
Standard status
Active
Size
11,439 SF
Additional Details
Clear Span
Yes
Building Details
Year Built
2006
Listing Agency:
AMERIWAY REALTY
(626) 217-3578
Listed By:
Wei Chang · License #01932054
Source:
Robertandchristy
Added: Aug 16
Changed: Aug 28
Last Checked: Aug 29 at 12:35PM
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 AMERIWAY REALTY
Investment Insights
Based on property information with market context.
This flex property combines warehouse functionality with a professionally finished office component at 14171 Fern Unit 6 in Chino, California. The office layout includes a reception lobby, conference room, executive office, accounting office, purchasing office, six-person workstation area, lunchroom, and multiple restrooms, including one serving the warehouse.
The warehouse provides open clear-span areas for storage, equipment, inventory, and staging, with internal access between the office and operational portions of the facility. Completed in 2006, the property is positioned in an established industrial area and offers a unified setting for businesses that need both day-to-day operating space and a formal customer-facing environment.
The warehouse provides open clear-span areas for storage, equipment, inventory, and staging, with internal access between the office and operational portions of the facility. Completed in 2006, the property is positioned in an established industrial area and offers a unified setting for businesses that need both day-to-day operating space and a formal customer-facing environment.
Key Highlights
- Flex configuration combines warehouse operations with professionally built‑out office space
- Office includes lobby, conference room, executive office, accounting and purchasing offices
- Six‑person workstation area, lunchroom, and multiple restrooms included
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
$134,641
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
3.37%
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%
$2,692,820
$2.7M
Cap Rate 7%
$1,923,443
$1.9M
Cap Rate 9%
$1,496,011
$1.5M
Market Conditions
NOI Build-Up for 11,439 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
$194.9K $17.04/SF
− Vacancy
−$15.4K −$1.35/SF
EGI
$179.5K $15.69/SF
− OpEx
−$44.9K −$3.92/SF
NOI
$134.6K $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%
$2,692,820
Cap Rate 7%
$1,923,443
Cap Rate 9%
$1,496,011
Alternative Uses
Best Use
Office B
$1.92M
$1.68M – $2.24M
NOI $134,641 @ 7.0% cap · market cap 3.37%
Second Best
Warehouse
$1.63M
$1.43M – $1.90M
NOI $114,064 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$2.41M
$2.11M – $2.82M
NOI $168,902 @ 7.0% cap · market cap 4.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Combined warehouse and office property with a polished client-facing area and operational space under one roof.
Where is this flex space located?
The property is located at 14171 Fern Unit 6 Chino, CA.
What is the asking price?
The asking price for this property is $3,990,000.
What are key features of this property?
This property features: Flex configuration combines warehouse operations with professionally built‑out office space; Office includes lobby, conference room, executive office, accounting and purchasing offices; Six‑person workstation area, lunchroom, and multiple restrooms included
