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    3401 Centre Lake Dr Ontario, CA 91761

    Sponsored
    For Lease
    $31 SF/Yr

    Premium Ontario Airport Office Space Available

    Lot size:
    114,259 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    410
    Centre Lake Plaza, a Class A, six-story office building in Ontario, CA, offers 114,259 square feet of executive office space for lease. Located at 3401 Centrelake Dr, 91761, this prime location within the Ontario Airport submarket of San Bernardino County provides exceptional accessibility. The building features 15 available suites ranging from a minimum of 594 square feet to a maximum contiguous space of 18,540 square feet, with a total of 52,677 square feet currently vacant. Multiple tenancy options are available to accommodate various business needs. The building boasts modern amenities including elevators and ample parking, with a ratio of 4 spaces per 1,000 square feet. This property presents a unique opportunity for businesses seeking high-quality office space in a thriving, strategically located area. The building's impressive size and flexible suite options make it ideal for a wide range of companies, from small startups to large corporations. Its proximity to the Ontario Airport ensures convenient access for clients and employees alike. Inquire today to learn more about leasing opportunities at this exceptional property.

    Property Features for 3401 Centre Lake Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    114,259 SF
    Class
    A
    Total Rate
    302786.35

    Building Details

    Stories
    6

    Unit(s) available at that property

    Space
    Suite 6th / 670 Floor
    Size
    4,172 SF
    Rate per SF
    $31
    Space
    Suite 254
    Size
    594 SF
    Rate per SF
    $31
    Space
    Suite 255
    Size
    1,567 SF
    Rate per SF
    $31
    Space
    Suite 248
    Size
    1,515 SF
    Rate per SF
    $31
    Space
    Suite 242
    Size
    2,031 SF
    Rate per SF
    $31
    Space
    Suite 236
    Size
    2,256 SF
    Rate per SF
    $31
    Space
    Suite 230
    Size
    1,532 SF
    Rate per SF
    $31
    Space
    Suite 480 4th floor
    Size
    2,936 SF
    Rate per SF
    $31
    Space
    5thFloor 500
    Size
    6,859 SF
    Rate per SF
    $31
    Space
    Suite 580 5th Floor
    Size
    2,659 SF
    Rate per SF
    $31
    Space
    Suite 200 2nd Floor
    Size
    18,540 SF
    Rate per SF
    $31
    Space
    Suite 100 1st Floor
    Size
    6,249 SF
    Rate per SF
    $31
    Space
    Suite 4th / 440 Floor
    Size
    1,767 SF
    Rate per SF
    $31

    We can help!

    Listing Contact
    Lynn Yangchana
    Lynn Yangchana

    Learn more

    Property Insight Report

    HighLights

    • 114,259 SF, six‑story Class A office building.
    • Prime Ontario Airport submarket location.
    • High I‑10 freeway visibility.
    • Excellent I‑10 access at Haven Avenue.
    • Convenient to I‑15 and I‑60 freeways.
    • 4:1,000 parking ratio; covered and reserved parking available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rains Lucia Stern ... Legal Services Direct 2U Insurance ... Auto Insurance Agency Kingdom Development Institute Religious School Capitol Coding Management Medical Billing Service BBSI Inland Empire ... Employment Agency

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Dental Office Auto Repair Shop Hair Salon Wholesale Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Ontario
    County
    San Bernardino
    State
    California
    Longitude
    -117.5782156
    Latitude
    34.0667476

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    FAQs

    What type of property is this?
    Office Property / Space - Premium Ontario Airport Office Space Available
    Where is this office property / space located?
    The property is located at 3401 Centre Lake Dr Ontario, CA.
    What is the lease rate?
    The lease rate is $31 SF/Yr.
    What are key features of this property?
    This property features: 114,259 SF, six-story Class A office building.; Prime Ontario Airport submarket location.; High I-10 freeway visibility.
    Request Owner's contact information
    3401 Centre Lake Dr Ontario, CA 91761
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    Ontario, CA 91761
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    3401 Centre Lake Dr Ontario, CA 91761
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    We can help!
    Listing Contact
    Lynn Yangchana
    Lynn Yangchana
    Real Estate License ID: CA 01518762
    Learn more
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