Two-Unit Flex
For Sale
Contact for pricing
8981-8983 Rose Avenue, Montclair, CA 91763
General Commercial zoning allows an owner-user to occupy one or both units.
Property Size6,200 SF
Lot Size0.37 Acres
Price / SF$266.13
Days on Market61
Property Features for 8981-8983 Rose Avenue
General Information
Standard status
Active
Size
6,200 SF
Lot size
0.37 Acres
Property subtype
Retail, Industrial
Zoning
General Commercial
Occupancy
50%
Investment Type
Owner/User
Building Details
Year Built
1964
Units
2
Building Size
6,200 SF
Listing Agency:
Marcus & Millichap - Inland Empire
Listed By:
Drew Wetherholt · License #CA 01065168
Source:
Crexi
Added: Jul 2
Changed: Aug 30
Last Checked: Aug 31 at 7:31AM
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 Marcus & Millichap - Inland Empire
Investment Insights
Based on property information with market context.
Located at 8981-8983 Rose Avenue in Montclair, CA, this flex-space property includes a two-unit building totaling approximately 6,200 square feet. Constructed in 1964, the asset is identified as an auto retail/commercial warehouse building and offers an owner-user the option to occupy one unit or both.
The parcel covers approximately 0.37 acres and is zoned General Commercial. The existing configuration provides two separate units within the property, with the address spanning 8981 and 8983 Rose Avenue.
The parcel covers approximately 0.37 acres and is zoned General Commercial. The existing configuration provides two separate units within the property, with the address spanning 8981 and 8983 Rose Avenue.
Key Highlights
- Approximately 6,200 square feet of building area
- Two‑unit configuration supports occupancy of one or both units
- Approximately 0.37‑acre parcel
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
$88,869
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
5.39%
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%
$1,777,380
$1.8M
Cap Rate 7%
$1,269,557
$1.3M
Cap Rate 9%
$987,433
$987.4K
Market Conditions
NOI Build-Up for 6,200 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
$133.9K $21.60/SF
− Vacancy
−$7.0K −$1.12/SF
EGI
$127.0K $20.48/SF
− OpEx
−$38.1K −$6.14/SF
NOI
$88.9K $14.33/SF
Area
San Bernardino County, CA
Vacancy
5.20%
Lease Rate
$21.60 /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%
$1,777,380
Cap Rate 7%
$1,269,557
Cap Rate 9%
$987,433
Alternative Uses
Best Use
Retail
$1.27M
$1.11M – $1.48M
NOI $88,869 @ 7.0% cap · market cap 5.39%
Second Best
Warehouse
$883.2K
$772.8K – $1.03M
NOI $61,823 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$1.31M
$1.14M – $1.53M
NOI $91,546 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,719
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91763, CA
37,631
Population
10,557
Households
3.6
Avg Household Size
34
Median Age
18%
College-Educated
74%
High-School Grad
5.3 sq mi
ZIP Area
7,100
Density / Sq Mi
$77,627
Median Household Income
$37,787
Median Earnings
$1,767
Median Rent
$550,000
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?
Flex space - General Commercial zoning allows an owner-user to occupy one or both units.
Where is this flex space located?
The property is located at 8981-8983 Rose Avenue Montclair, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Approximately 6,200 square feet of building area; Two‑unit configuration supports occupancy of one or both units; Approximately 0.37‑acre parcel
