Retail Space with Detached
For Sale
$499,900
10043 Beaumont Avenue, Cherry Valley, CA 92223
Commercial Sale, Cherry Valley, CA
Property Size1,188 SF
Price / SF$420.79
Days on Market130
Property Features for 10043 Beaumont Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-1/C-P
Fencing
Chain Link
Directions
Beaumont Ave between Orchard St and Vineland St
Subdivision
263 - Banning/Beaumont/Cherry Valley
Standard status
Active
APN
403280013
Utilities
Cooling system
Central Air
Amenities
recently remodeled bathroom
fully fenced lot
Building Details
Year built
1956
Listing Agency:
RE/MAX ADVANTAGE · RE/MAX International
(909) 797-4133
Listed By:
Dennis Miller · License #00813207
(951) 312-0976
Added: Apr 17
Changed: Aug 20
Last Checked: Aug 24 at 3:06PM
MLS# IG26081007
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.
This retail property includes an approximately 868-square-foot main building and a separate 320-square-foot storage structure. The primary building supports retail or office use and includes a recently remodeled bathroom. Central air conditioning serves the main structure, while the parcel is enclosed with chain-link fencing.
Located at 10043 Beaumont Avenue in Cherry Valley, California, the property is identified as C-1/C-P zoning. The improvements date to 1956 and combine an enclosed commercial building with additional storage and outdoor space. The detached structure and fenced site provide distinct areas for business operations, storage, or parking-related needs.
Located at 10043 Beaumont Avenue in Cherry Valley, California, the property is identified as C-1/C-P zoning. The improvements date to 1956 and combine an enclosed commercial building with additional storage and outdoor space. The detached structure and fenced site provide distinct areas for business operations, storage, or parking-related needs.
Key Highlights
- Approximately 868‑square‑foot main building
- 320‑square‑foot detached storage structure
- C‑1/C‑P zoning
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
$18,665
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
3.73%
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%
$373,300
$373.3K
Cap Rate 7%
$266,643
$266.6K
Cap Rate 9%
$207,389
$207.4K
Market Conditions
NOI Build-Up for 1,188 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
$27.2K $22.92/SF
− Vacancy
−$2.3K −$1.97/SF
EGI
$24.9K $20.95/SF
− OpEx
−$6.2K −$5.24/SF
NOI
$18.7K $15.71/SF
Area
Riverside County, CA
Vacancy
8.60%
Lease Rate
$22.92 /SF/Yr
Expense Ratio
25.00%
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%
$373,300
Cap Rate 7%
$266,643
Cap Rate 9%
$207,389
Alternative Uses
Best Use
Office B
$266.6K
$233.3K – $311.1K
NOI $18,665 @ 7.0% cap · market cap 3.73%
Second Best
Retail
$243.3K
$212.9K – $283.8K
NOI $17,029 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$355.9K
$311.4K – $415.2K
NOI $24,913 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
Explore this area
Business Placement
Demographics for 92223, CA
59,924
Population
20,579
Households
2.9
Avg Household Size
38
Median Age
27%
College-Educated
88%
High-School Grad
45.0 sq mi
ZIP Area
1,332
Density / Sq Mi
$100,462
Median Household Income
$50,162
Median Earnings
$1,496
Median Rent
$458,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Retail or office configuration with a remodeled bathroom, central air, and a fully fenced lot.
Where is this retail space located?
The property is located at 10043 Beaumont Avenue Cherry Valley, CA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Approximately 868‑square‑foot main building; 320‑square‑foot detached storage structure; C‑1/C‑P zoning
