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1600 S Grove Ave A Ontario, CA 91761

Industrial properties Google Maps
4,392 SF 0.1 ac lot Built 2007
Entity Owned 15-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$470k
Range $423k – $517k (±10%)
Property ID US10-1060317

Property summary

AI-generated overview

This exceptional Class A flex space, located at 1600 S Grove Ave, Suite A, Ontario, CA 91761, presents a unique opportunity for owner-occupiers. The 5,338 square foot condo boasts a desirable location in San Bernardino County and offers a blend of office and industrial functionality. Currently vacant, this property is priced at $1,968,000, translating to $368.68 per square foot. The building features an impressive 18-foot ceiling height, providing ample vertical space for various uses. A single loading dock ensures efficient handling of goods. The property's high-end finishes and strategic location on Grove Avenue make it an attractive investment for businesses seeking a modern and functional workspace. The property is classified as a flex space, catering to a wide range of commercial needs. This turnkey solution offers immediate occupancy and the potential for significant return on investment. The property's convenient location in Ontario, California provides easy access to major transportation routes and a thriving business community. Don't miss this chance to acquire a premium flex space in a prime location.

Property profile

Verified
Property type Industrial properties
Use group CONDOMINIUMS (INDUSTRIAL)
Year built 2007
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,392 SF
Lot 0.1 ac (4,393 SF)
APN 1050-171-23-0000
UPID US10-1060317

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Employment Agency
  • Interior Design Home Decor Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$470k

Owner & transaction history

since 2010
5 recorded transactions
2010
Price N/A
2009
Price N/A
2007
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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