Freestanding Flex
For Sale
Contact for pricing
1810 Vineyard Ave, Ontario, CA 91761
Divisible freestanding building with two industrial suites and dedicated office areas.
Property Size57,239 SF
Price / SF$295
Days on Market209
Property Features for 1810 Vineyard Ave
General Information
Standard status
Active
Size
57,239 SF
Property subtype
Industrial
Occupancy
100%
Investment Type
Owner/User
Building Details
Year Renovated
2021
Listing Agency:
Lee & Associates - Ontario
(909) 989-7771
Listed By:
John Seoane · License #CA 01453455
Source:
Crexi
Added: Feb 3
Changed: Aug 31
Last Checked: Aug 30 at 7:22PM
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 - Ontario
Investment Insights
Based on property information with market context.
Freestanding flex property comprising 57,239 square feet on a 2.97-acre parcel at 1810 S Vineyard Ave in Ontario, California. The building can be configured as two industrial suites, providing flexibility for separate occupancy or operational requirements.
Suite A contains approximately 29,512 SF, including 5,874 SF of office space. Suite B offers approximately 27,727 SF with 1,032 SF dedicated to offices. Together, the suites combine substantial industrial area with integrated administrative space.
Suite A contains approximately 29,512 SF, including 5,874 SF of office space. Suite B offers approximately 27,727 SF with 1,032 SF dedicated to offices. Together, the suites combine substantial industrial area with integrated administrative space.
Key Highlights
- 57,239‑square‑foot freestanding flex building
- 2.97‑acre parcel of land
- Divisible into 2 industrial suites
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
$829,051
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%
$16,581,020
$16.6M
Cap Rate 7%
$11,843,586
$11.8M
Cap Rate 9%
$9,211,678
$9.2M
Market Conditions
NOI Build-Up for 57,239 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
$1.34M $23.40/SF
− Vacancy
−$234.0K −$4.09/SF
EGI
$1.11M $19.31/SF
− OpEx
−$276.4K −$4.83/SF
NOI
$829.1K $14.48/SF
Area
Ontario, CA
Vacancy
17.47%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
25.00%
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%
$16,581,020
Cap Rate 7%
$11,843,586
Cap Rate 9%
$9,211,678
Alternative Uses
Best Use
Office B
$11.84M
$10.36M – $13.82M
NOI $829,051 @ 7.0% cap · market cap 4.91%
Second Best
Industrial
$10.08M
$8.82M – $11.76M
NOI $705,542 @ 7.0% cap · market cap 4.18%
Theoretical Best
Specialty Retail
$14.80M
$12.95M – $17.27M
NOI $1,036,273 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Divisible freestanding building with two industrial suites and dedicated office areas.
Where is this flex space located?
The property is located at 1810 Vineyard Ave Ontario, CA.
What is the asking price?
The asking price for this property is $16,885,505.
What are key features of this property?
This property features: 57,239‑square‑foot freestanding flex building; 2.97‑acre parcel of land; Divisible into 2 industrial suites
