Flex Space with Warehouse
1460 Miller, Colton, CA 92324
For Sale
$1,200,000
M-1 light industrial property combines warehouse, office, conference, and yard areas in Colton.
Property Size5,325 SF
Lot Size0.44 Acres
Days on Market49
Property Features for 1460 Miller
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Warehouse & Industrial
Clear Height
Warehouse Space
Drive-In Doors
Power
Three-Phase Power
Building Details
Building Size
Year Built
Stories
Construction
Listing Agency:
North South Realty
Listed By:
GREGG HOLT · License #01748493
(951) 907-9274
Source:
Camdenmckayre
Added: Sep 21
Changed: Nov 5
Last Checked: Nov 6 at 4:25PM
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 North South Realty
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Investment Insights
Based on property information with market context.
This Flex Space property includes an approximately 4,000-square-foot ground-level warehouse and approximately 1,125 square feet of upper-level office and cubicle area, plus an approximately 200-square-foot conference and lounge room. The building has a heavy-duty steel frame, metal panel exterior, approximately 16-foot clear height, two 14-foot by 14-foot roll-up doors, 100 AMP 3-phase power, and multiple high-voltage areas. Three restrooms serve the building, with two on the first floor and one upstairs.
Situated on a level 19,300-square-foot lot with approximately 206 feet of frontage along Miller Drive, the property includes open yard area for parking and business operations. The Colton location provides access to Inland Empire freeways and surrounding business centers. The source describes the property as M-1 Light Industrial and notes potential future expansion subject to City approval; buyers should independently verify zoning, permitted uses, dimensions, power, and building areas.
Situated on a level 19,300-square-foot lot with approximately 206 feet of frontage along Miller Drive, the property includes open yard area for parking and business operations. The Colton location provides access to Inland Empire freeways and surrounding business centers. The source describes the property as M-1 Light Industrial and notes potential future expansion subject to City approval; buyers should independently verify zoning, permitted uses, dimensions, power, and building areas.
Key Highlights
- Approximately 4,000 SF ground‑level warehouse on a 19,300 SF lot
- Approximately 1,125 SF of upper‑level office and cubicle space plus a 200 SF conference/lounge area
- Approximately 16' clear height with two 14' x 14' roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,098
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,061,960
$1.1M
Cap Rate 7%
$758,543
$758.5K
Cap Rate 9%
$589,978
$590.0K
Market Conditions
NOI Build-Up for 5,325 SF
Gross rent
$66.5K $12.48/SF
− Vacancy
−$4.0K −$0.75/SF
EGI
$62.5K $11.73/SF
− OpEx
−$9.4K −$1.76/SF
NOI
$53.1K $9.97/SF
Area
San Bernardino County, CA
Vacancy
6.00%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,061,960
Cap Rate 7%
$758,543
Cap Rate 9%
$589,978
Alternative Uses
Best Use
Warehouse
$758.5K
$663.7K – $885.0K
NOI $53,098 @ 7.0% cap · market cap 4.42%
Second Best
Industrial
$624.7K
$546.6K – $728.8K
NOI $43,728 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$1.12M
$982.8K – $1.31M
NOI $78,626 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
16 ft
Clear height
2
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
558
Businesses Nearby
Under-served
Demand for This Use
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
$413,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in San Bernardino County, CA
Properties on Market for Flex space in San Bernardino County
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Las Ploras — 1017 N 10th St, Colton, CA 92324
- Beau’s Snack Bar — 1013 Virginia Ave, Colton, CA 92324
Frequently Asked Questions
What type of property is this?
Flex space - M-1 light industrial property combines warehouse, office, conference, and yard areas in Colton.
Where is this flex space located?
The property is located at 1460 Miller Colton, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Approximately 4,000 SF ground‑level warehouse on a 19,300 SF lot; Approximately 1,125 SF of upper‑level office and cubicle space plus a 200 SF conference/lounge area; Approximately 16' clear height with two 14' x 14' roll‑up doors
