Commercial Land with On-Site
For Sale
Contact for pricing
409 W Bonita Ave, San Dimas, CA 91773
Flat, rectangular parcel with utilities already serving the site.
Property Size3,116 SF
Price / SF$272.79
Days on Market10
Property Features for 409 W Bonita Ave
General Information
Standard status
Active
Size
3,116 SF
Property subtype
Land
Zoning
Commercial
Investment Type
Redevelopment
Listing Agency:
Berkshire Hathaway HomeServices California Properties Rancho Cucamonga
(909) 231-0946
Listed By:
America Rivas · License #CA 01821973
Source:
Crexi
Added: Jul 29
Changed: Aug 4
Last Checked: Aug 6 at 8:34AM
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 Berkshire Hathaway HomeServices California Properties Rancho Cucamonga
Investment Insights
Based on property information with market context.
Located at 409 W Bonita Ave in San Dimas, this 0.50-acre commercial parcel offers a flat, rectangular site with on-site utilities and frontage along Bonita Avenue. The property is zoned Commercial and includes a 3,116-square-foot metal building that is functionally obsolete and identified for demolition.
The site has been evaluated for environmental conditions and qualifies for a defined Commercial-Only Cleanup. The stated redevelopment concepts include medical or dental office, professional services, boutique retail, wellness or fitness, and small flex commercial uses. Existing improvements and site conditions provide a basis for planning a future commercial pad while retaining the property's established address and street frontage.
The site has been evaluated for environmental conditions and qualifies for a defined Commercial-Only Cleanup. The stated redevelopment concepts include medical or dental office, professional services, boutique retail, wellness or fitness, and small flex commercial uses. Existing improvements and site conditions provide a basis for planning a future commercial pad while retaining the property's established address and street frontage.
Key Highlights
- 0.50‑acre commercial parcel at 409 W Bonita Ave, San Dimas, CA
- Flat, rectangular site with utilities on site
- 3,116 SF metal building identified for demolition
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
$36,414
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
4.28%
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%
$728,280
$728.3K
Cap Rate 7%
$520,200
$520.2K
Cap Rate 9%
$404,600
$404.6K
Market Conditions
NOI Build-Up for 3,116 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
$55.3K $17.76/SF
− Vacancy
−$3.3K −$1.07/SF
EGI
$52.0K $16.69/SF
− OpEx
−$15.6K −$5.01/SF
NOI
$36.4K $11.69/SF
Area
Los Angeles County, CA
Vacancy
6.00%
Lease Rate
$17.76 /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%
$728,280
Cap Rate 7%
$520,200
Cap Rate 9%
$404,600
Alternative Uses
Best Use
Industrial
$520.2K
$455.2K – $606.9K
NOI $36,414 @ 7.0% cap · market cap 4.28%
Second Best
Flex RnD
$397.4K
$347.7K – $463.6K
NOI $27,818 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,781 @ 7.0% cap · market cap 13.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,475
Businesses Nearby
Explore this area
Business Placement
Demographics for 91773, CA
34,592
Population
12,363
Households
2.8
Avg Household Size
44
Median Age
40%
College-Educated
93%
High-School Grad
15.0 sq mi
ZIP Area
2,306
Density / Sq Mi
$105,926
Median Household Income
$51,673
Median Earnings
$2,232
Median Rent
$754,700
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?
Commercial land - Flat, rectangular parcel with utilities already serving the site.
Where is this commercial land located?
The property is located at 409 W Bonita Ave San Dimas, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 0.50‑acre commercial parcel at 409 W Bonita Ave, San Dimas, CA; Flat, rectangular site with utilities on site; 3,116 SF metal building identified for demolition
