Flex Space With Roll-Up
For Sale
Under Contract
$965,000
909 S Cucamonga, Ontario, CA 91761
Commercial Sale, Ontario, CA
Property Size2,175 SF
Price / SF$443.68
Days on Market132
Property Features for 909 S Cucamonga
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
On Mission Blvd and entrance on Cucamonga
Subdivision
686 - Ontario
Standard status
Active Under Contract
APN
1049384190000
Utilities
Cooling system
Central Air
Building Details
Year built
2007
Listing Agency:
Pinnacle Real Estate Group
(626) 888-9808
Listed By:
Jenny Chang · License #02078214
(909) 781-9992
Added: Apr 13
Changed: Aug 19
Last Checked: Aug 22 at 4:06PM
MLS# TR26079110
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.
Built in 2007, this approximately 2,175-square-foot flex-space condominium is configured primarily for warehouse use, with a reception area, kitchenette, and bathroom. The unit also includes high ceilings and a ground-level roll-up door for practical loading access. Central air provides conditioned space for the interior improvements.
The property is part of a clean, well-maintained business park in Ontario, California, where signage is available. Its combination of warehouse functionality and finished support areas accommodates a range of commercial operations within a single industrial condominium unit.
The property is part of a clean, well-maintained business park in Ontario, California, where signage is available. Its combination of warehouse functionality and finished support areas accommodates a range of commercial operations within a single industrial condominium unit.
Key Highlights
- Approximately 2,175 SF flex‑space condominium
- Built in 2007
- Primarily warehouse layout with reception area, kitchenette, and bathroom
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
$32,555
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
3.37%
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%
$651,100
$651.1K
Cap Rate 7%
$465,071
$465.1K
Cap Rate 9%
$361,722
$361.7K
Market Conditions
NOI Build-Up for 2,175 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
$41.5K $19.08/SF
− Vacancy
−$3.2K −$1.47/SF
EGI
$38.3K $17.61/SF
− OpEx
−$5.7K −$2.64/SF
NOI
$32.6K $14.97/SF
Area
Ontario, CA
Vacancy
7.71%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
15.00%
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%
$651,100
Cap Rate 7%
$465,071
Cap Rate 9%
$361,722
Alternative Uses
Best Use
Warehouse
$465.1K
$406.9K – $542.6K
NOI $32,555 @ 7.0% cap · market cap 3.37%
Second Best
Industrial
$383.0K
$335.1K – $446.8K
NOI $26,810 @ 7.0% cap · market cap 2.78%
Theoretical Best
Specialty Retail
$562.5K
$492.2K – $656.3K
NOI $39,377 @ 7.0% cap · market cap 4.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
Balanced
Demand for This Use
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?
Flex space - Industrial condo in a maintained business park with warehouse space, reception area, kitchenette, bathroom, and central air.
Where is this flex space located?
The property is located at 909 S Cucamonga Ontario, CA.
What is the asking price?
The asking price for this property is $965,000.
What are key features of this property?
This property features: Approximately 2,175 SF flex‑space condominium; Built in 2007; Primarily warehouse layout with reception area, kitchenette, and bathroom
