Industrial Warehouse with
For Sale
Contact for pricing
1680-B S Grove Ave, Ontario, CA 91761
Business park warehouse with office space, loading access, and high-capacity three-phase power.
Property Size12,718 SF
Price / SF$294.86
Days on Market156
Property Features for 1680-B S Grove Ave
General Information
Standard status
Active
Size
12,718 SF
Class
B
Property subtype
Industrial
Zoning
BP, Business Park
Warehouse & Industrial
Clear Height
16 ft
Office Build-Out
990 SF
Drive-In Doors
2
Power
400 amps
Voltage
480 V
Three-Phase Power
Yes
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Building Details
Year Built
2007
Buildings
1
Building Size
12,718 SF
Listing Agency:
KW Commercial Pasadena
(626) 204-3300
Listed By:
Brett Skogen · License #01884669
Source:
Crexi
Added: Mar 30
Changed: Aug 29
Last Checked: Sep 1 at 9:29AM
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 KW Commercial Pasadena
Investment Insights
Based on property information with market context.
This 12,718-square-foot warehouse was built in 2007 and includes approximately 990 square feet of office area. The building offers 16-foot clear heights, skylights, metal halide lighting, two ground-level loading doors, and full sprinkler coverage. Electrical service includes 400 amps of 277/480-volt, three-phase power.
Positioned in the Ontario International Airport submarket at 1680-B S. Grove Ave in Ontario, California, the property is zoned BP, Business Park. Access to the I-10 and CA-60 freeways is immediate, supporting distribution, storage, and other warehouse-oriented operations.
Positioned in the Ontario International Airport submarket at 1680-B S. Grove Ave in Ontario, California, the property is zoned BP, Business Park. Access to the I-10 and CA-60 freeways is immediate, supporting distribution, storage, and other warehouse-oriented operations.
Key Highlights
- 12,718‑square‑foot industrial warehouse built in 2007
- Approximately 990 square feet of office space
- 16’ clear ceiling heights with skylights and metal halide lighting
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
$190,358
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
5.08%
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%
$3,807,160
$3.8M
Cap Rate 7%
$2,719,400
$2.7M
Cap Rate 9%
$2,115,089
$2.1M
Market Conditions
NOI Build-Up for 12,718 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
$242.7K $19.08/SF
− Vacancy
−$18.7K −$1.47/SF
EGI
$224.0K $17.61/SF
− OpEx
−$33.6K −$2.64/SF
NOI
$190.4K $14.97/SF
Area
Ontario, CA
Vacancy
7.71%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
15.00%
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%
$3,807,160
Cap Rate 7%
$2,719,400
Cap Rate 9%
$2,115,089
Alternative Uses
Best Use
Warehouse
$2.72M
$2.38M – $3.17M
NOI $190,358 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.29M
$2.88M – $3.84M
NOI $230,251 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
2
Drive-in doors
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,018
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Pnuts Storage Facilaty — 1456 E Philadelphia St SPC 250, Ontario, CA 91761
- Perfection Billiards — 1457 e philadelphia st, ontario, ca 91761
- West Coast Self-Storage Ontario — 2035 S Cucamonga Ave, Ontario, CA 91761
- Cox Boat & RV Storage — 2091 S Cucamonga Ave, Ontario, CA 91761
- Airport Super Storage — 1728 S Grove Ave, Ontario, CA 91761
Frequently Asked Questions
What type of property is this?
Warehouse - Business park warehouse with office space, loading access, and high-capacity three-phase power.
Where is this warehouse located?
The property is located at 1680-B S Grove Ave Ontario, CA.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 12,718‑square‑foot industrial warehouse built in 2007; Approximately 990 square feet of office space; 16’ clear ceiling heights with skylights and metal halide lighting
