Freestanding Warehouse with Secured
For Sale
Contact for pricing
1722 Grevillea Ct, Ontario, CA
Freestanding warehouse featuring renovated office space and secured yard.
Property Size22,180 SF
Lot Size1.10 Acres
Price / SF$295
Days on Market298
Property Features for 1722 Grevillea Ct
General Information
Standard status
Active
Size
22,180 SF
Lot size
1.10 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Lee & Associates
(909) 989-7771
Listed By:
Ryan De Guzman · License #02101391
(909) 373-2926
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Sep 11
Last Checked: Sep 18 at 10:39AM
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 building offers approximately 22,180 square feet of space. The property includes approximately 2,500 square feet of renovated office space. It features a fenced and secured yard area. The warehouse has six ground-level doors, each measuring 12 feet by 14 feet, and two possible dock-high doors. The electrical system is equipped with 800 amps, 600 volts, and 3-phase power; verification is recommended.
Key Highlights
- Free standing building
- Two possible dock high doors
- Six ground level doors (12'x14')
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
$331,981
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
5.07%
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%
$6,639,620
$6.6M
Cap Rate 7%
$4,742,586
$4.7M
Cap Rate 9%
$3,688,678
$3.7M
Market Conditions
NOI Build-Up for 22,180 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
$423.2K $19.08/SF
− Vacancy
−$32.6K −$1.47/SF
EGI
$390.6K $17.61/SF
− OpEx
−$58.6K −$2.64/SF
NOI
$332.0K $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%
$6,639,620
Cap Rate 7%
$4,742,586
Cap Rate 9%
$3,688,678
Alternative Uses
Best Use
Warehouse
$4.74M
$4.15M – $5.53M
NOI $331,981 @ 7.0% cap · market cap 5.07%
Second Best
Industrial
$3.91M
$3.42M – $4.56M
NOI $273,396 @ 7.0% cap · market cap 4.18%
Theoretical Best
Specialty Retail
$5.74M
$5.02M – $6.69M
NOI $401,554 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,455
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
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 warehouse featuring renovated office space and secured yard.
Where is this warehouse located?
The property is located at 1722 Grevillea Ct Ontario, CA.
What is the asking price?
The asking price for this property is $6,543,100.
What are key features of this property?
This property features: Free standing building; Two possible dock high doors; Six ground level doors (12'x14')
