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 Market792
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
Listed By:
Kerry Cole · License #CA 00946482
(909) 652-9045
Source:
Crexi
Added: Aug 16, 2024
Changed: Oct 8
Last Checked: Oct 16 at 5:46AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$77,316
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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.
