Industrial Condo Units with
For Sale
Contact for pricing
1685 W Arrow Rte, Upland, CA 91786
Five industrial condo units offer separate metered electrical, HVAC, and restrooms for individual occupancy or ownership.
Property Size2,983 SF
Price / SF$290
Days on Market524
Property Features for 1685 W Arrow Rte
General Information
Standard status
Active
Size
2,983 SF
Property subtype
INDUSTRIAL
Amenities
Marquee and building signage
Separate electrical metering
HVAC systems
Restrooms
Listing Agency:
Lee & Associates
(626) 535-9888
Listed By:
Christopher Larimore · License #01314464
(626) 240-2788
Source:
Moodyscre
Added: Apr 9, 2025
Changed: Sep 2
Last Checked: Sep 14 at 11:47AM
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 Lee & Associates
Investment Insights
Based on property information with market context.
Five industrial condo units are offered for sale, either separately or as a portfolio. Total available space ranges from approximately 2,900 to 5,824 square feet per unit, providing flexibility for owner-occupants or investors.
The property includes separate, electrical metered systems, HVAC, and restrooms for each unit. Marquee and building signage are also available.
Auto-related uses are described as permitted, subject to verification with the City. The units are suited to a range of light industrial and auto-oriented operations, subject to applicable approvals.
The property includes separate, electrical metered systems, HVAC, and restrooms for each unit. Marquee and building signage are also available.
Auto-related uses are described as permitted, subject to verification with the City. The units are suited to a range of light industrial and auto-oriented operations, subject to applicable approvals.
Key Highlights
- 5 industrial condo units for sale, available separately or as a portfolio
- Unit sizes range from 2,900 to 5,824 SF
- Auto‑related uses permitted (verify with the city)
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
$24,496
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
2.83%
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%
$489,920
$489.9K
Cap Rate 7%
$349,943
$349.9K
Cap Rate 9%
$272,178
$272.2K
Market Conditions
NOI Build-Up for 2,983 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
$37.2K $12.48/SF
− Vacancy
−$2.2K −$0.75/SF
EGI
$35.0K $11.73/SF
− OpEx
−$10.5K −$3.52/SF
NOI
$24.5K $8.21/SF
Area
San Bernardino County, CA
Vacancy
6.00%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
30.00%
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%
$489,920
Cap Rate 7%
$349,943
Cap Rate 9%
$272,178
Alternative Uses
Best Use
Industrial
$349.9K
$306.2K – $408.3K
NOI $24,496 @ 7.0% cap · market cap 2.83%
Second Best
Flex RnD
$324.9K
$284.3K – $379.1K
NOI $22,746 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$629.2K
$550.6K – $734.1K
NOI $44,045 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,908
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 91786, CA
55,763
Population
20,094
Households
2.8
Avg Household Size
36
Median Age
30%
College-Educated
88%
High-School Grad
8.9 sq mi
ZIP Area
6,266
Density / Sq Mi
$86,961
Median Household Income
$43,050
Median Earnings
$1,923
Median Rent
$607,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Five industrial condo units offer separate metered electrical, HVAC, and restrooms for individual occupancy or ownership.
Where is this flex space located?
The property is located at 1685 W Arrow Rte Upland, CA.
What is the asking price?
The asking price for this property is $865,070.
What are key features of this property?
This property features: 5 industrial condo units for sale, available separately or as a portfolio; Unit sizes range from 2,900 to 5,824 SF; Auto‑related uses permitted (verify with the city)
