Flex Warehouse Office
1816 East Elma Court Ontario, CA 91764
1816 East Elma Court, Ontario, CA, 91764
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For Sale
Contact for pricing
Small condo with a flexible warehouse-and-office layout and 14' clear height in a remodeled business park.
Property Size1,240 SF
Price / SF$425
Days on Market87
Property Features for 1816 East Elma Court
General Information
- Standard status
- Active
- Size
- 1,240 SF
- Property subtype
- Office, Industrial, Mixed Use
Listing agency
MAB Realty
(951) 847-2226
Listed by
Brian Tressen · License #CA 01850329
Source
Crexi
Added: Apr 27 Updated: Jul 21 at 6:41AM Checked: Jul 21 at 6:41AM
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 MAB Realty
Investment Insights
Based on property information with market context.
This small commercial condo offers a flexible layout combining warehouse and office space, suited to a range of business operations. The property is located within a fully remodeled business park and has received significant exterior upgrades, including new exterior paint, asphalt, and roofing. Inside, the unit provides 14' clear height.
The configuration supports both office and light industrial use, and the remarks note that a 10' x 10' roll-up door can be added for industrial use. This type of setup can be attractive for owner-users looking for a compact workspace with warehouse capability, as well as for investors evaluating a renovated condo in an established business park.
The unit’s warehouse/office mix and clear height support practical day-to-day operations within a modernized environment.
The configuration supports both office and light industrial use, and the remarks note that a 10' x 10' roll-up door can be added for industrial use. This type of setup can be attractive for owner-users looking for a compact workspace with warehouse capability, as well as for investors evaluating a renovated condo in an established business park.
The unit’s warehouse/office mix and clear height support practical day-to-day operations within a modernized environment.
Key Highlights
- Flexible small commercial condo in a remodeled business park for industrial and office users
- Warehouse‑and‑office layout with 14' clear height
- Can be configured for industrial use with a 10' x 10' roll‑up door (can be added)
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.7k | $19.08 |
| − Vacancy | −$1.8k | −$1.47 |
| EGI | $21.8k | $17.61 |
| − OpEx | −$3.3k | −$2.64 |
| NOI | $18.6k | $14.97 |
1,240 SF · lease $19.08/SF/yr · vacancy 7.71% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$265.1K
$232.0K – $309.3K
NOI $18,560 @ 7.0% cap · market cap 3.52%
Second Best
Office B
$256.6K
$224.5K – $299.3K
NOI $17,960 @ 7.0% cap · market cap 3.41%
Theoretical Best
Specialty Retail
$320.7K
$280.6K – $374.2K
NOI $22,449 @ 7.0% cap · market cap 4.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Mix Masters Bar Service — 1701 E D St APT 503, Ontario, CA 91764
FAQs
What type of property is this?
Flex space - Small condo with a flexible warehouse-and-office layout and 14' clear height in a remodeled business park.
Where is this flex space located?
The property is located at 1816 East Elma Court Ontario, CA.
What is the asking price?
The asking price for this property is $527,000.
What are key features of this property?
This property features: Flexible small commercial condo in a remodeled business park for industrial and office users; Warehouse‑and‑office layout with 14' clear height; Can be configured for industrial use with a 10' x 10' roll‑up door (can be added)
