Industrial Building with Fenced
For Sale
Contact for pricing
1689 Parco Ave, Ontario, CA
Freestanding industrial building featuring office space and fenced yard.
Property Size23,272 SF
Lot Size1.25 Acres
Price / SF$305
Days on Market476
Property Features for 1689 Parco Ave
General Information
Standard status
Active
Size
23,272 SF
Lot size
1.25 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Lee & Associates
(909) 989-7771
Listed By:
Donald Kazanjian
(714) 273-1283
Source:
Moodyscre
Added: May 29, 2025
Changed: Sep 3
Last Checked: Sep 15 at 6:57AM
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.
This freestanding industrial building offers approximately 23,272 square feet of space. The property includes about 2,224 square feet of office area. It features two dock-high doors and two ground-level doors, each measuring 12 feet by 12 feet. The building provides a clear height of 24 feet and is equipped with 800 Amps, 277-480 Volt power. The property also includes a fenced and paved yard.
Key Highlights
- Free standing building
- Benefit from 2 Dock High Doors & 2 Ground Level Doors (12’x12’)
- Includes ±2,224 SF of office space
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
$348,326
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
4.91%
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%
$6,966,520
$7.0M
Cap Rate 7%
$4,976,086
$5.0M
Cap Rate 9%
$3,870,289
$3.9M
Market Conditions
NOI Build-Up for 23,272 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
$444.0K $19.08/SF
− Vacancy
−$34.2K −$1.47/SF
EGI
$409.8K $17.61/SF
− OpEx
−$61.5K −$2.64/SF
NOI
$348.3K $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%
$6,966,520
Cap Rate 7%
$4,976,086
Cap Rate 9%
$3,870,289
Alternative Uses
Best Use
Warehouse
$4.98M
$4.35M – $5.81M
NOI $348,326 @ 7.0% cap · market cap 4.91%
Second Best
Industrial
$4.10M
$3.59M – $4.78M
NOI $286,857 @ 7.0% cap · market cap 4.04%
Theoretical Best
Specialty Retail
$6.02M
$5.27M – $7.02M
NOI $421,324 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
997
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding industrial building featuring office space and fenced yard.
Where is this warehouse located?
The property is located at 1689 Parco Ave Ontario, CA.
What is the asking price?
The asking price for this property is $7,097,960.
What are key features of this property?
This property features: Free standing building; Benefit from **2 Dock High Doors & 2 Ground Level Doors (12’x12’)**; Includes ±2,224 SF of office space
