Industrial Flex Condo with
1818 East Elma Court Ontario, CA 91764
For Sale
Contact for pricing
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 Market87
Property Features for 1818 East Elma Court
General Information
- Standard status
- Active
- Size
- 1,488 SF
- Property subtype
- Industrial
Listing Agency:
MAB Realty
(951) 847-2226
Listed By:
Brian Tressen · License #CA 01850329
Source:
Crexi
Added: Apr 28
Changed: Jul 23
Last Checked: Jul 23 at 9:57AM
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 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 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 | $28.4k | $19.08 |
| − Vacancy | −$2.2k | −$1.47 |
| EGI | $26.2k | $17.61 |
| − OpEx | −$3.9k | −$2.64 |
| NOI | $22.3k | $14.97 |
1,488 SF · lease $19.08/SF/yr · vacancy 7.71% · expense 15.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Church
Church
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 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
