Glass-Partitioned Flex
For Sale
Contact for pricing
1455 W Park Ave, Redlands, CA 92373
Combined office and warehouse areas support a range of commercial operations within one functional building.
Property Size7,354 SF
Price / SF$285
Days on Market41
Property Features for 1455 W Park Ave
General Information
Standard status
Active
Size
7,354 SF
Property subtype
INDUSTRIAL
Listing Agency:
Inland Empire Commercial Real Estate Inc
(909) 380-4687
Listed By:
Eric Hutchins
(909) 380-4687
Source:
Moodyscre
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 29 at 2:25PM
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 Inland Empire Commercial Real Estate Inc
Investment Insights
Based on property information with market context.
This flex property combines approximately 4,604 square feet of creative office area with approximately 2,750 SF of warehouse space. The office portion includes glass-partitioned offices, while the warehouse offers approximately 22 feet of clear height, a 12' x 14' ground-level door, and approximately 400 Amps of 277/480 Volt 3 Phase power, subject to verification. The building totals 7,354 square feet.
Located at 1455 W Park Ave in Redlands, California, the property provides a single facility for office and warehouse functions. The warehouse area is occupied by a tenant through November 2027.
Located at 1455 W Park Ave in Redlands, California, the property provides a single facility for office and warehouse functions. The warehouse area is occupied by a tenant through November 2027.
Key Highlights
- ±4,604 Creative Office and ±2,750 SF Warehouse
- ±400 Amps, 277/480 Volt 3 Phase Power (Verify)
- ±22' Clear Height in Warehouse 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
$86,559
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
4.13%
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%
$1,731,180
$1.7M
Cap Rate 7%
$1,236,557
$1.2M
Cap Rate 9%
$961,767
$961.8K
Market Conditions
NOI Build-Up for 7,354 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
$125.3K $17.04/SF
− Vacancy
−$9.9K −$1.35/SF
EGI
$115.4K $15.69/SF
− OpEx
−$28.9K −$3.92/SF
NOI
$86.6K $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%
$1,731,180
Cap Rate 7%
$1,236,557
Cap Rate 9%
$961,767
Alternative Uses
Best Use
Office B
$1.24M
$1.08M – $1.44M
NOI $86,559 @ 7.0% cap · market cap 4.13%
Second Best
Warehouse
$1.05M
$916.6K – $1.22M
NOI $73,331 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,585 @ 7.0% cap · market cap 5.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,385
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92373, CA
35,348
Population
14,501
Households
2.4
Avg Household Size
41
Median Age
53%
College-Educated
94%
High-School Grad
39.8 sq mi
ZIP Area
888
Density / Sq Mi
$99,354
Median Household Income
$64,533
Median Earnings
$1,886
Median Rent
$713,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- LADY LA CREME CATERING AND DESSERTS — 826 Brookside Ave D, Redlands, CA 92374
- Lady La Creme Events and Catering — 826 Brookside Ave D, Redlands, CA 92374
- Catering by Carole — 663 New York St, Redlands, CA 92374
- Gwen Marlowe Foods & Catering — 721 Nevada St STE 202, Redlands, CA 92373
- Grandpa Joes Tamales — 721 Nevada St, Redlands, CA 92373
Frequently Asked Questions
What type of property is this?
Flex space - Combined office and warehouse areas support a range of commercial operations within one functional building.
Where is this flex space located?
The property is located at 1455 W Park Ave Redlands, CA.
What is the asking price?
The asking price for this property is $2,095,890.
What are key features of this property?
This property features: ±4,604 Creative Office and ±2,750 SF Warehouse; ±400 Amps, 277/480 Volt 3 Phase Power (Verify); ±22' Clear Height in Warehouse Area
