Freestanding Flex
For Sale
Contact for pricing
1999 S Campus Ave, Ontario, CA 91761
Two-story office component with a fenced, paved yard and multiple loading doors.
Property Size18,130 SF
Price / SF$379.97
Days on Market97
Property Features for 1999 S Campus Ave
General Information
Standard status
Active
Size
18,130 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
22 ft
Office Build-Out
3,557 SF
Dock-High Doors
1
Drive-In Doors
2
Additional Details
Fenced Yard
Yes
Building Details
Buildings
1
Stories
2
Listing Agency:
NAI Capital
(909) 680-5535
Listed By:
Jonathan Wong
(909) 680-5535
Source:
Moodyscre
Added: May 27
Changed: Aug 30
Last Checked: Aug 30 at 6:31PM
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
Investment Insights
Based on property information with market context.
This freestanding flex-space property contains 18,130 SF overall, including 3,557 SF of two-story office space. The building offers 22' clear height along with two GL doors and one DH door, supporting a combination of office and operational functions.
The exterior includes a fenced, paved yard, providing defined outdoor space for the property. Located at 1999 S Campus Ave in Ontario, California, the asset combines office improvements, loading access, and yard area within a single commercial building.
The exterior includes a fenced, paved yard, providing defined outdoor space for the property. Located at 1999 S Campus Ave in Ontario, California, the asset combines office improvements, loading access, and yard area within a single commercial building.
Key Highlights
- 18,130 SF freestanding flex‑space building
- 3,557 SF of two‑story office space
- 22' 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
$271,362
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
3.94%
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%
$5,427,240
$5.4M
Cap Rate 7%
$3,876,600
$3.9M
Cap Rate 9%
$3,015,133
$3.0M
Market Conditions
NOI Build-Up for 18,130 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
$345.9K $19.08/SF
− Vacancy
−$26.7K −$1.47/SF
EGI
$319.2K $17.61/SF
− OpEx
−$47.9K −$2.64/SF
NOI
$271.4K $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 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%
$5,427,240
Cap Rate 7%
$3,876,600
Cap Rate 9%
$3,015,133
Alternative Uses
Best Use
Warehouse
$3.88M
$3.39M – $4.52M
NOI $271,362 @ 7.0% cap · market cap 3.94%
Second Best
Office B
$3.75M
$3.28M – $4.38M
NOI $262,595 @ 7.0% cap · market cap 3.81%
Theoretical Best
Specialty Retail
$4.69M
$4.10M – $5.47M
NOI $328,231 @ 7.0% cap · market cap 4.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
22 ft
Clear height
1
Dock-high doors
2
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
776
Businesses Nearby
Under-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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Two-story office component with a fenced, paved yard and multiple loading doors.
Where is this flex space located?
The property is located at 1999 S Campus Ave Ontario, CA.
What is the asking price?
The asking price for this property is $6,888,888.
What are key features of this property?
This property features: 18,130 SF freestanding flex‑space building; 3,557 SF of two‑story office space; 22' clear height
