Industrial Flex Condo with
For Sale
Contact for pricing
1818 East Elma Court, Ontario, CA 91764
Small commercial condo with an open warehouse layout, 480 SF office, and a 10’x10’ roll-up door with 14’ clear height.
Property Size1,488 SF
Price / SF$425
Days on Market178
Property Features for 1818 East Elma Court
General Information
Standard status
Active
Size
1,488 SF
Property subtype
Industrial
Additional Details
Clear Height
14 ft
Building Details
Tenancy
Multi
Listing Agency:
MAB Realty
Listed By:
Brian Tressen · License #CA 01850329
(951) 847-2226
Source:
Crexi
Added: Apr 28
Changed: Oct 6
Last Checked: Oct 20 at 5:51PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial flex condo is located within a fully remodeled business park and features an open warehouse layout designed for industrial use. The unit also includes an office component of approximately 480 SF.
The property has been significantly upgraded with new exterior paint, asphalt, and roofing to support a modern, professional environment. Operational features include a 10’x10’ roll-up door and 14’ clear height.
The layout combines warehouse space for day-to-day industrial needs with dedicated office space, offering a practical configuration for owner-users who want work and administrative areas in the same unit.
The property has been significantly upgraded with new exterior paint, asphalt, and roofing to support a modern, professional environment. Operational features include a 10’x10’ roll-up door and 14’ clear height.
The layout combines warehouse space for day-to-day industrial needs with dedicated office space, offering a practical configuration for owner-users who want work and administrative areas in the same unit.
Key Highlights
- Open warehouse layout with a separate 480 SF office
- 10' x 10' roll‑up door and 14' clear height
- Fully remodeled business park within the Ontario Airport submarket
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,272
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,440
$445.4K
Cap Rate 7%
$318,171
$318.2K
Cap Rate 9%
$247,467
$247.5K
Market Conditions
NOI Build-Up for 1,488 SF
Gross rent
$28.4K $19.08/SF
− Vacancy
−$2.2K −$1.47/SF
EGI
$26.2K $17.61/SF
− OpEx
−$3.9K −$2.64/SF
NOI
$22.3K $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 Rate 5%
$445,440
Cap Rate 7%
$318,171
Cap Rate 9%
$247,467
Alternative Uses
Best Use
Warehouse
$318.2K
$278.4K – $371.2K
NOI $22,272 @ 7.0% cap · market cap 3.52%
Second Best
Office B
$307.9K
$269.4K – $359.2K
NOI $21,552 @ 7.0% cap · market cap 3.41%
Theoretical Best
Specialty Retail
$384.8K
$336.7K – $449.0K
NOI $26,939 @ 7.0% cap · market cap 4.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
14 ft
Clear height
Location Intelligence
Trade Area within ½ mile
569
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91764, CA
55,322
Population
17,350
Households
3.2
Avg Household Size
33
Median Age
18%
College-Educated
74%
High-School Grad
7.9 sq mi
ZIP Area
7,003
Density / Sq Mi
$75,605
Median Household Income
$37,076
Median Earnings
$2,039
Median Rent
$524,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Mix Masters Bar Service — 1701 E D St APT 503, Ontario, CA 91764
Frequently Asked Questions
What type of property is this?
Flex space - Small commercial condo with an open warehouse layout, 480 SF office, and a 10’x10’ roll-up door with 14’ clear height.
Where is this flex space located?
The property is located at 1818 East Elma Court Ontario, CA.
What is the asking price?
The asking price for this property is $632,400.
What are key features of this property?
This property features: Open warehouse layout with a separate 480 SF office; 10' x 10' roll‑up door and 14' clear height; Fully remodeled business park within the Ontario Airport submarket
