Flat Commercial Land with
For Sale
$850,000
409 W Bonita, San Dimas, CA 91773
Commercial Sale, San Dimas, CA
Property Size3,116 SF
Lot Size0.50 Acres
Price / SF$272.79
Days on Market96
Property Features for 409 W Bonita
General Information
Property type
Commercial Sale
Property subtype
Retail
Directions
From 57 Fwy take Arrow Hwy exit, go east on Bonita Ave, property is on the left just past Eucla Ave
Subdivision
689 - San Dimas
Standard status
Active
APN
8386016006
Lot size
0.50 Acres
Building Details
Year built
1977
Listing Agency:
BERKSHIRE HATH HM SVCS CA PROP · Berkshire Hathaway HomeServices
(909) 980-3100
Listed By:
America Rivas · License #01821973
(909) 231-0946
Added: May 27
Changed: Aug 25
Last Checked: Aug 30 at 2:06PM
MLS# CV26116332
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 0.50-acre commercial parcel is a flat infill site with utilities already on the property. An existing 3,116-square-foot building, constructed in 1977, is described as obsolete and positioned for redevelopment.
The property is located on Bonita Ave in San Dimas, California, with visibility from the avenue. The site offers a commercial land opportunity with an existing improvement and infrastructure in place.
The property is located on Bonita Ave in San Dimas, California, with visibility from the avenue. The site offers a commercial land opportunity with an existing improvement and infrastructure in place.
Key Highlights
- 0.50‑acre commercial infill parcel
- 21,772 SF flat site
- Utilities located on the property
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
$68,940
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
8.11%
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%
$1,378,800
$1.4M
Cap Rate 7%
$984,857
$984.9K
Cap Rate 9%
$766,000
$766.0K
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
$105.4K $33.84/SF
− Vacancy
−$7.0K −$2.23/SF
EGI
$98.5K $31.61/SF
− OpEx
−$29.5K −$9.48/SF
NOI
$68.9K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /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%
$1,378,800
Cap Rate 7%
$984,857
Cap Rate 9%
$766,000
Alternative Uses
Best Use
Retail
$984.9K
$861.8K – $1.15M
NOI $68,940 @ 7.0% cap · market cap 8.11%
Second Best
—
—
no second resolved use
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
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,654
Businesses Nearby
555k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 23%
Dining 21%
Shops & Services 19%
Home Improvements & Furnishings 12%
Target
Superstores
129,805 visits/mo
0.5 miles
Trader Joe's
Groceries
63,245 visits/mo
0.4 miles
McDonald's
Dining
43,249 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
36,218 visits/mo
0.2 miles
Ross Dress for Less
Apparel
29,351 visits/mo
0.4 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Level infill parcel includes on-site utilities and an existing structure suited for redevelopment.
Where is this commercial land located?
The property is located at 409 W Bonita 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 infill parcel; 21,772 SF flat site; Utilities located on the property
