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    1450-1470 9Th St Upland, CA 91786-5634

    For Sale
    $7,500,000

    Five-building business park; high occupancy.

    Property size:
    22,001 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional investment opportunity presents the fee simple ownership of Home Place Business Park in Upland, California. This multi-tenant property comprises five buildings totaling 22,001 square feet on a 2.08-acre lot, currently operating at 100% occupancy with a gross lease structure. The property is zoned B/R-MU and features a mix of executive and creative office spaces, along with business/residential and industrial components. The asking price is $7,500,000, reflecting a 3.00% cap rate and a pro-forma cap rate of 1.98%. The current Net Operating Income (NOI) is $148,132. A significant upside potential exists due to below-market rents and CAM charges. The property boasts high tenant retention thanks to flexible and adaptable suites. The seller is finalizing a parcel map and tentative tract map, dividing the property into ten condo units (Parcel 1) and a separate 0.58-acre development parcel (Parcel 2) with a 4,062 square foot structure. This allows for the immediate sale of individual units or continued rental income generation. Parcel 2 offers a unique development opportunity for mixed-use, residential, or business construction on approximately 25,000 square feet. The property's low historical vacancy rate of 5% and the absence of planned competing developments in the Upland submarket further enhance its investment appeal. This is a rare chance to acquire a well-established, income-producing property with significant future development potential.

    Property Features for 1450-1470 9Th St

    General Information

    Property type
    Office space
    Square Feet
    22,001 SF
    Class
    C
    Lot Size
    90,605 SF

    Building Details

    Buildings
    5

    HighLights

    • $7,500,000 asking price for a 22,001 square foot multi‑tenant office property.
    • High tenant retention due to flexible suites.
    • Significant rental upside potential from below‑market rents and CAM charges.
    • Option to manage existing rentals or sell individual condo units.
    • Includes a 0.58‑acre development parcel.
    • Low historical vacancy (5%) in a stable Upland, CA submarket with no competing new developments planned.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Upland
    County
    San Bernardino
    State
    California
    Longitude
    -117.6765995
    Latitude
    34.095728

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    FAQs

    What type of property is this?
    Office space - Five-building business park; high occupancy.
    Where is this office space located?
    The property is located at 1450-1470 9Th St Upland, CA.
    What is the asking price?
    The asking price for this property is $7,500,000.
    What are key features of this property?
    This property features: $7,500,000 asking price for a 22,001 square foot multi-tenant office property.; High tenant retention due to flexible suites.; Significant rental upside potential from below-market rents and CAM charges.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1450-1470 9Th St Upland, CA 91786-5634
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