Industrial Property with Fenced
For Sale
Contact for pricing
600 S Wineville Avenue, Ontario, CA 91761
The site includes two potential fenced yards with proximity to I-10, I-15, and CA-60.
Property Size8,821 SF
Price / SF$374.11
Days on Market118
Property Features for 600 S Wineville Avenue
General Information
Standard status
Active
Size
8,821 SF
Property subtype
Industrial
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Stories
1
Listing Agency:
Lee & Associates - Ontario
(909) 989-7771
Listed By:
Jake Arellano · License #02113094
Source:
Crexi
Added: May 6
Changed: Aug 30
Last Checked: Aug 31 at 6:20PM
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 Lee & Associates - Ontario
Investment Insights
Based on property information with market context.
This industrial property is located at 600 S. Wineville Avenue in Ontario, California. The site is identified with 34.5% coverage and includes two potential fenced yards, providing distinct outdoor areas within the property’s configuration.
The property is positioned near I-10, I-15, and CA-60, with the location described at South Wineville Avenue and East Santa Ana Street. Its industrial classification and access to multiple freeways support a straightforward commercial profile for users seeking an Ontario location with nearby regional highway connections.
The property is positioned near I-10, I-15, and CA-60, with the location described at South Wineville Avenue and East Santa Ana Street. Its industrial classification and access to multiple freeways support a straightforward commercial profile for users seeking an Ontario location with nearby regional highway connections.
Key Highlights
- 34.5% property coverage
- Two potential fenced yards
- Near I‑10, I‑15, and CA‑60
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
$108,730
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
3.29%
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%
$2,174,600
$2.2M
Cap Rate 7%
$1,553,286
$1.6M
Cap Rate 9%
$1,208,111
$1.2M
Market Conditions
NOI Build-Up for 8,821 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
$168.3K $19.08/SF
− Vacancy
−$13.0K −$1.47/SF
EGI
$155.3K $17.61/SF
− OpEx
−$46.6K −$5.28/SF
NOI
$108.7K $12.33/SF
Area
Ontario, CA
Vacancy
7.71%
Lease Rate
$19.08 /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%
$2,174,600
Cap Rate 7%
$1,553,286
Cap Rate 9%
$1,208,111
Alternative Uses
Best Use
Industrial
$1.55M
$1.36M – $1.81M
NOI $108,730 @ 7.0% cap · market cap 3.29%
Second Best
Flex RnD
$1.44M
$1.26M – $1.68M
NOI $100,963 @ 7.0% cap · market cap 3.06%
Theoretical Best
Specialty Retail
$2.28M
$2.00M – $2.66M
NOI $159,698 @ 7.0% cap · market cap 4.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
382
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 Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - The site includes two potential fenced yards with proximity to I-10, I-15, and CA-60.
Where is this industrial property located?
The property is located at 600 S Wineville Avenue Ontario, CA.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 34.5% property coverage; Two potential fenced yards; Near I‑10, I‑15, and CA‑60
