Freestanding Industrial
For Sale
Contact for pricing
2491 W Walnut Ave, Rialto, CA 92376
Freestanding warehouse with two dock-high and two ground-level doors plus multiple cranes and 25–28’ clear height.
Property Size22,131 SF
Price / SF$293.25
Days on Market143
Property Features for 2491 W Walnut Ave
General Information
Standard status
Active
Size
22,131 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
28 ft
Dock-High Doors
2
Drive-In Doors
2
Heavy Power
Yes
Sprinkler System
Yes
Listing Agency:
Delphi Business Properties, Inc.
(310) 245-9579
Listed By:
Mike Centurioni · License #1429003
(310) 245-9579
Source:
Moodyscre
Added: Mar 23
Changed: Jul 25
Last Checked: Jul 25 at 5:43AM
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 Delphi Business Properties, Inc.
Investment Insights
Based on property information with market context.
This freestanding industrial warehouse offers two street access points and loading flexibility with two dock-high and two ground-level doors. The space is supported by crane capacity including one 5-ton crane and two 10-ton cranes, along with 25’–28’ warehouse clearance. The building also features LED lighting, sprinklers, and a 1,600-amp, 480-volt power supply.
The property is situated on an oversized lot with a corner location. It is positioned near major freeways, with access described as close to I-210 and SR-10, SR-215, and I-15, and is noted as minutes from San Bernardino International Airport.
With its clear height, crane infrastructure, and combination loading doors, the facility is designed to support a range of warehouse and distribution needs requiring lift capacity and efficient truck access.
The property is situated on an oversized lot with a corner location. It is positioned near major freeways, with access described as close to I-210 and SR-10, SR-215, and I-15, and is noted as minutes from San Bernardino International Airport.
With its clear height, crane infrastructure, and combination loading doors, the facility is designed to support a range of warehouse and distribution needs requiring lift capacity and efficient truck access.
Key Highlights
- Freestanding warehouse with two dock‑high and two ground‑level doors
- Multiple cranes onsite: one 5‑ton crane and two 10‑ton cranes
- 25'-28' warehouse clearance
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
$230,772
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
3.56%
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%
$4,615,440
$4.6M
Cap Rate 7%
$3,296,743
$3.3M
Cap Rate 9%
$2,564,133
$2.6M
Market Conditions
NOI Build-Up for 22,131 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
$294.8K $13.32/SF
− Vacancy
−$23.3K −$1.05/SF
EGI
$271.5K $12.27/SF
− OpEx
−$40.7K −$1.84/SF
NOI
$230.8K $10.43/SF
Area
Rialto, CA
Vacancy
7.90%
Lease Rate
$13.32 /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%
$4,615,440
Cap Rate 7%
$3,296,743
Cap Rate 9%
$2,564,133
Alternative Uses
Best Use
Warehouse
$3.30M
$2.88M – $3.85M
NOI $230,772 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.59M
$4.89M – $6.52M
NOI $391,406 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
28 ft
Clear height
2
Dock-high doors
2
Drive-in doors
Yes
Heavy power
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
587
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92376, CA
84,548
Population
22,716
Households
3.7
Avg Household Size
32
Median Age
10%
College-Educated
72%
High-School Grad
13.3 sq mi
ZIP Area
6,357
Density / Sq Mi
$76,914
Median Household Income
$36,399
Median Earnings
$1,613
Median Rent
$433,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Baseline Logistics Center — Rialto, CA 92376
- ALEXANDER'S MOBILITY SERVICES — 2644 W Baseline Rd, Rialto, CA 92376
Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding warehouse with two dock-high and two ground-level doors plus multiple cranes and 25–28’ clear height.
Where is this warehouse located?
The property is located at 2491 W Walnut Ave Rialto, CA.
What is the asking price?
The asking price for this property is $6,490,000.
What are key features of this property?
This property features: Freestanding warehouse with two dock‑high and two ground‑level doors; Multiple cranes onsite: one 5‑ton crane and two 10‑ton cranes; 25'-28' warehouse clearance
