Ontario Office Condo For
For Sale
Contact for pricing
Pending
1600 S Grove Ave Suite A, Ontario, CA 91761
Office condo available in Ontario, California.
Property Size5,338 SF
Days on Market742
Property Features for 1600 S Grove Ave Suite A
General Information
Standard status
Pending
Size
5,338 SF
Class
A
Property subtype
Office, Industrial
Listing Agency:
DAUM Commercial Real Estate Services Ontario
(909) 652-9045
Listed By:
Kerry Cole · License #CA 00946482
Source:
Crexi
Added: Aug 16, 2024
Changed: Aug 8
Last Checked: Jul 25 at 2:08PM
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 DAUM Commercial Real Estate Services Ontario
Investment Insights
Based on property information with market context.
This is an office condo located at 1600 S. Grove Avenue, Ontario. The property offers 5338 square feet of space.
Key Highlights
- Major price reduction makes this an incredible opportunity.
- Office condo offers a professional setting for your business.
- Great location provides easy access and high visibility.
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
$77,316
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
4.14%
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%
$1,546,320
$1.5M
Cap Rate 7%
$1,104,514
$1.1M
Cap Rate 9%
$859,067
$859.1K
Market Conditions
NOI Build-Up for 5,338 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
$124.9K $23.40/SF
− Vacancy
−$21.8K −$4.09/SF
EGI
$103.1K $19.31/SF
− OpEx
−$25.8K −$4.83/SF
NOI
$77.3K $14.48/SF
Area
Ontario, CA
Vacancy
17.47%
Lease Rate
$23.40 /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%
$1,546,320
Cap Rate 7%
$1,104,514
Cap Rate 9%
$859,067
Alternative Uses
Best Use
Office B
$1.10M
$966.5K – $1.29M
NOI $77,316 @ 7.0% cap · market cap 4.14%
Second Best
Industrial
$940.0K
$822.5K – $1.10M
NOI $65,798 @ 7.0% cap · market cap 3.52%
Theoretical Best
Specialty Retail
$1.38M
$1.21M – $1.61M
NOI $96,641 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,018
Businesses Nearby
Explore this area
Business Placement
Demographics for 91761, CA
60,306
Population
18,309
Households
3.3
Avg Household Size
35
Median Age
21%
College-Educated
81%
High-School Grad
28.5 sq mi
ZIP Area
2,116
Density / Sq Mi
$97,396
Median Household Income
$44,493
Median Earnings
$2,015
Median Rent
$590,000
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 units - Office condo available in Ontario, California.
Where is this office units located?
The property is located at 1600 S Grove Ave Suite A Ontario, CA.
What is the asking price?
The asking price for this property is $1,868,000.
What are key features of this property?
This property features: Major price reduction makes this an incredible opportunity.; Office condo offers a professional setting for your business.; Great location provides easy access and high visibility.
