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    Multi-Tenant Office Building with Surplus Land Title is generated by Realmo AI

    222 Mountain Avenue, Upland, CA 91876

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    Claim this Listing
    For Sale
    $8,699,400

    Opportunity Zone office building on excess land with C/O-MU zoning for office, medical, and retail uses.

    Type:Mixed Use
    Property size:
    43,367 SF
    Lot size:
    3.16 Acres
    Price / SF:
    $200/SF
    Added:
    Mar 13, 2026
    Days on Market:
    94
    Last Refresh:
    Jun 14 at 1:53 am

    Property Features for 222 Mountain Avenue

    General Information

    Standard status
    Active
    Size
    43,367 SF
    Lot size
    3.16 Acres
    Property subtype
    Mixed Use

    Building Details

    Year Built
    1979

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    Listing Contact
    Sangaroon Yangchana

    Listing agent Sangaroon Yangchana License #01518762

    Listing office MGR REAL ESTATE, INC.

    Listing date Mar 13, 2026

    Source Xome

    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 MGR REAL ESTATE, INC.

    HighLights

    • Opportunity Zone property at 222 N. Mountain Avenue with corner lot on a 3.16‑acre site
    • 43,290‑SF multi‑tenant office building built in 1979
    • Surplus land totals approximately 45,509 SF across two additional contiguous parcels
    • Zoned C/O‑MU (Commercial/Office Mixed‑Use) allowing a broad range of office, medical, and retail uses
    • Three contiguous parcels make up the overall site configuration

    Overview

    222 N. Mountain Avenue is a multi-tenant office asset on a 3.16-acre site made up of three contiguous parcels. The property includes a 43,290-square-foot office building and approximately 45,509 square feet of surplus land distributed across two additional parcels, creating meaningful development and expansion optionality alongside existing improvements.

    Zoned Commercial/Office Mixed-Use (C/O-MU), the site supports a broad range of office, medical, and retail uses within a campus-style environment. The property is located within a designated Opportunity Zone.

    For investors, developers, or owner-users, the combination of an in-place office component and excess land can support near- and long-term strategies that may include expansion, ground-up development, or repositioning. The asset is presented as a stabilized office offering, with the Opportunity Zone designation noted as a potential consideration for tax advantages while maintaining flexibility under the C/O-MU zoning framework.

    Local Financial Insights For Retail

    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 $936.7k $21.60
    − Vacancy −$48.7k −$1.12
    EGI $888.0k $20.48
    − OpEx −$266.4k −$6.14
    NOI $621.6k $14.33
    43,367 SF · lease $21.60/SF/yr · vacancy 5.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $8.88M
    $7.77M – $10.36M (±1% cap)
    NOI $621,612 @ 7.0% cap · market cap 7.15%
    Second Best
    Office B
    $7.29M
    $6.38M – $8.51M (±1% cap)
    NOI $510,446 @ 7.0% cap · market cap 5.87%
    Theoretical Best
    Office A
    $9.15M
    $8.00M – $10.67M (±1% cap)
    NOI $640,334 @ 7.0% cap · market cap 7.36%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    R C Mortgage ... Loan Service California College of Arts ... Vocational School Kardar Insurance Services Insurance Agency Expanding Life Institute Church pipe insurance Insurance Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Upland
    County
    San Bernardino
    State
    California
    Longitude
    -117.6693645
    Latitude
    34.0966347

    FAQs

    What type of property is this?
    Office building - Opportunity Zone office building on excess land with C/O-MU zoning for office, medical, and retail uses.
    Where is this office building located?
    The property is located at 222 Mountain Avenue Upland, CA.
    What is the asking price?
    The asking price for this property is $8,699,400.
    What are key features of this property?
    This property features: Opportunity Zone property at 222 N. Mountain Avenue with corner lot on a 3.16‑acre site; 43,290‑SF multi‑tenant office building built in 1979; Surplus land totals approximately 45,509 SF across two additional contiguous parcels
    More about this property
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