Flex Space with
New
For Sale
$750,000
1846 W 11th St Suite K, Upland, CA 91786
IL-zoned space offers warehouse, showroom, and distribution use potential with offices and a mezzanine.
Property Size2,267 SF
Price / SF$330.83
Days on Market3
Property Features for 1846 W 11th St Suite K
General Information
Standard status
Active
Size
2,267 SF
Property subtype
Industrial Unit
Zoning
IL
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
1
Additional Details
Highway Access
Yes
Building Details
Building Size
2,267 SF
Year Built
1990
Buildings
1
Parking Ratio
0.88 per 1,000 SF
Listing Agency:
NAI Capital - Ontario
Listed By:
Steve Sclimenti · License #CalDRE #01886028
(909) 772-4286
Source:
Naiglobal
Added: Sep 11
Last Checked: Sep 12 at 7:12AM
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 NAI Capital - Ontario
Investment Insights
Based on property information with market context.
This 2,267 SF flex property includes a ground-level 10’ x 10’ GL door, 16-foot clear height, an upstairs office, and a mezzanine. Constructed in 1990, the building supports warehouse, showroom, and distribution functions. Auto-related uses are permitted subject to verification with the city, providing an additional use consideration for prospective occupants.
Located at 1846 W 11th St, Suite K, in Upland, the property is two blocks from Cable Airport and near the 10 and 210 freeways. The stated parking ratio is 0.88/1000. Its IL zoning and combination of office, storage, and vertical clearance features provide a practical configuration for a range of industrial-oriented operations.
Located at 1846 W 11th St, Suite K, in Upland, the property is two blocks from Cable Airport and near the 10 and 210 freeways. The stated parking ratio is 0.88/1000. Its IL zoning and combination of office, storage, and vertical clearance features provide a practical configuration for a range of industrial-oriented operations.
Key Highlights
- 2,267 SF flex space built in 1990
- 10’ x 10’ ground‑level GL door
- 16’ clear height
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
$32,495
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
4.33%
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%
$649,900
$649.9K
Cap Rate 7%
$464,214
$464.2K
Cap Rate 9%
$361,056
$361.1K
Market Conditions
NOI Build-Up for 2,267 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
$49.0K $21.60/SF
− Vacancy
−$2.5K −$1.12/SF
EGI
$46.4K $20.48/SF
− OpEx
−$13.9K −$6.14/SF
NOI
$32.5K $14.33/SF
Area
San Bernardino County, CA
Vacancy
5.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$649,900
Cap Rate 7%
$464,214
Cap Rate 9%
$361,056
Alternative Uses
Best Use
Retail
$464.2K
$406.2K – $541.6K
NOI $32,495 @ 7.0% cap · market cap 4.33%
Second Best
Warehouse
$322.9K
$282.6K – $376.8K
NOI $22,605 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$478.2K
$418.4K – $557.9K
NOI $33,473 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,581
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 91786, CA
55,763
Population
20,094
Households
2.8
Avg Household Size
36
Median Age
30%
College-Educated
88%
High-School Grad
8.9 sq mi
ZIP Area
6,266
Density / Sq Mi
$86,961
Median Household Income
$43,050
Median Earnings
$1,923
Median Rent
$607,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - IL-zoned space offers warehouse, showroom, and distribution use potential with offices and a mezzanine.
Where is this flex space located?
The property is located at 1846 W 11th St Suite K Upland, CA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,267 SF flex space built in 1990; 10’ x 10’ ground‑level GL door; 16’ clear height
