Mixed-Use Property with
For Sale
$690,000
545 E California St, Ontario, CA 91761
Two buildings on an 8,100 SF lot, ideal for owner.
Property Size3,002 SF
Lot Size0.19 Acres
Price / SF$295.12
Days on Market152
Property Features for 545 E California St
General Information
Standard status
Active
Size
3,002 SF
Lot size
0.19 Acres
Property subtype
Commercial
Building Details
Building Size
3,002 SF
Year Built
1963
Listing Agency:
Keller Williams Rancho Cucamonga
(626) 862-5654
Listed By:
Brad Wallace · License #01275776
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 6:17AM
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 Keller Williams Rancho Cucamonga
Investment Insights
Based on property information with market context.
This mixed-use property features two buildings on an approximately 8,100 square foot lot. The front building offers approximately 1,182 square feet of office space, while the rear building provides approximately 2,338 square feet of warehouse space. The property is zoned Business Park and is fully gated and fenced, offering ample parking between the two buildings. This property is suitable for an owner-user looking to occupy the front office building and lease out the rear warehouse, or vice versa.
Key Highlights
- Two Buildings on One Lot: +/-1,182 SF Office & +/-2,338 SF Warehouse
- Zoned Business Park: Offers Versatile Usage Options
- Fully Gated and Fenced: Provides Security and Privacy
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
$37,828
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
5.48%
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%
$756,560
$756.6K
Cap Rate 7%
$540,400
$540.4K
Cap Rate 9%
$420,311
$420.3K
Market Conditions
NOI Build-Up for 2,338 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
$65.9K $28.20/SF
− Vacancy
−$5.4K −$2.31/SF
EGI
$60.5K $25.89/SF
− OpEx
−$22.7K −$9.71/SF
NOI
$37.8K $16.18/SF
Area
Ontario, CA
Vacancy
8.20%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
37.50%
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%
$756,560
Cap Rate 7%
$540,400
Cap Rate 9%
$420,311
Alternative Uses
Best Use
Mixed Use
$540.4K
$472.9K – $630.5K
NOI $37,828 @ 7.0% cap · market cap 5.48%
Second Best
Warehouse
$499.9K
$437.4K – $583.2K
NOI $34,994 @ 7.0% cap · market cap 5.07%
Theoretical Best
Specialty Retail
$604.7K
$529.1K – $705.5K
NOI $42,328 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
832
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings on an 8,100 SF lot, ideal for owner.
Where is this mixed-use property located?
The property is located at 545 E California St Ontario, CA.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Two Buildings on One Lot: +/-1,182 SF Office & +/-2,338 SF Warehouse; Zoned Business Park: Offers Versatile Usage Options; Fully Gated and Fenced: Provides Security and Privacy
