Industrial Warehouse with Dock
For Sale
Contact for pricing
1770 S Vineyard Avenue, Ontario, CA 91761
Functional warehouse and office configuration with flexible occupancy options.
Property Size28,005 SF
Lot Size1.38 Acres
Price / SF$349.04
Days on Market8
Property Features for 1770 S Vineyard Avenue
General Information
Standard status
Active
Size
28,005 SF
Total Parking Spaces
30
Lot size
1.38 Acres
Property subtype
Industrial
Warehouse & Industrial
Clear Height
24 ft
Warehouse Space
20,918 SF
Office Build-Out
4,805 SF
Dock-High Doors
2
Drive-In Doors
2
Power
800 amps
Voltage
480 V
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Building Details
Year Built
2002
Building Size
28,005 SF
Listing Agency:
BRC Advisors - BH
Listed By:
Avinash Narang · License #02078334
Source:
Crexi
Added: Sep 11
Changed: Sep 16
Last Checked: Sep 16 at 2:42PM
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 BRC Advisors - BH
Investment Insights
Based on property information with market context.
Built in 2002, this industrial warehouse contains approximately 28,005 square feet on approximately 1.38 acres. The layout includes approximately 20,918 square feet of warehouse area, 4,805 square feet of office space, and 2,282 square feet of covered dock area. Building improvements include 24-foot clear height, wet fire sprinklers, four restrooms, approximately 30 parking spaces, 800 amps of 480/277-volt power, two dock-high doors, and two grade-level doors.
An existing tenant occupies the property, with potential paths that include continuing the month-to-month tenancy, establishing a new lease, or transitioning the building to future owner-user occupancy, subject to mutually acceptable terms. The property is approximately one mile from Ontario International Airport and provides access to I-10, CA-60, and I-15. The Ports of Los Angeles and Long Beach are less than 60 miles away.
An existing tenant occupies the property, with potential paths that include continuing the month-to-month tenancy, establishing a new lease, or transitioning the building to future owner-user occupancy, subject to mutually acceptable terms. The property is approximately one mile from Ontario International Airport and provides access to I-10, CA-60, and I-15. The Ports of Los Angeles and Long Beach are less than 60 miles away.
Key Highlights
- Approximately 28,005 SF industrial building on approximately 1.38 acres
- Approximately 20,918 SF of warehouse space and 4,805 SF of office space
- 24' clear height with 2 dock‑high doors and 2 grade‑level doors
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
$419,167
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
4.29%
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%
$8,383,340
$8.4M
Cap Rate 7%
$5,988,100
$6.0M
Cap Rate 9%
$4,657,411
$4.7M
Market Conditions
NOI Build-Up for 28,005 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
$534.3K $19.08/SF
− Vacancy
−$41.2K −$1.47/SF
EGI
$493.1K $17.61/SF
− OpEx
−$74.0K −$2.64/SF
NOI
$419.2K $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%
$8,383,340
Cap Rate 7%
$5,988,100
Cap Rate 9%
$4,657,411
Alternative Uses
Best Use
Warehouse
$5.99M
$5.24M – $6.99M
NOI $419,167 @ 7.0% cap · market cap 4.29%
Second Best
Industrial
$4.93M
$4.31M – $5.75M
NOI $345,197 @ 7.0% cap · market cap 3.53%
Theoretical Best
Specialty Retail
$7.24M
$6.34M – $8.45M
NOI $507,011 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
24 ft
Clear height
2
Dock-high doors
2
Drive-in doors
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,120
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Functional warehouse and office configuration with flexible occupancy options.
Where is this warehouse located?
The property is located at 1770 S Vineyard Avenue Ontario, CA.
What is the asking price?
The asking price for this property is $9,775,000.
What are key features of this property?
This property features: Approximately 28,005 SF industrial building on approximately 1.38 acres; Approximately 20,918 SF of warehouse space and 4,805 SF of office space; 24' clear height with 2 dock‑high doors and 2 grade‑level doors
