Office Building with Storage
New
For Sale
$499,999
1038 Beaumont Ave., Beaumont, CA 92223
The layout combines private offices, open workspace, a warehouse office, and a concrete yard.
Property Size2,265 SF
Days on Market4
Property Features for 1038 Beaumont Ave.
General Information
Standard status
Active
Size
2,265 SF
Total Parking Spaces
5
Property subtype
Office
Additional Details
Property Use
Warehouse Office
Amenities
Restroom
Open Area
Storage Garage
Concrete Yard Area
Building Details
Building Size
2,265 SF
Year Built
1955
Listing Agency:
Lee & Associates - Riverside
Listed By:
Joseph Pierik · License #CalDRE #02144961
(951) 276-3685
Source:
Lee-associates
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 24 at 3:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates - Riverside
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Investment Insights
Based on property information with market context.
This office property, built in 1955, has three private offices, a restroom, and an open work area. A separate warehouse office and storage garage add further functional space. The site also includes a concrete yard.
Five parking spaces are provided, with room for up to 10 additional spots. The property is available at close of escrow.
Five parking spaces are provided, with room for up to 10 additional spots. The property is available at close of escrow.
Key Highlights
- Three private offices, a restroom, and open workspace
- Separate warehouse office and storage garage
- Five parking spaces, with up to 10 additional spots
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,587
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$711,740
$711.7K
Cap Rate 7%
$508,386
$508.4K
Cap Rate 9%
$395,411
$395.4K
Market Conditions
NOI Build-Up for 2,265 SF
Gross rent
$51.9K $22.92/SF
− Vacancy
−$4.5K −$1.97/SF
EGI
$47.4K $20.95/SF
− OpEx
−$11.9K −$5.24/SF
NOI
$35.6K $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 Rate 5%
$711,740
Cap Rate 7%
$508,386
Cap Rate 9%
$395,411
Alternative Uses
Best Use
Office B
$508.4K
$444.8K – $593.1K
NOI $35,587 @ 7.0% cap · market cap 7.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$678.6K
$593.7K – $791.7K
NOI $47,499 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
821
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - The layout combines private offices, open workspace, a warehouse office, and a concrete yard.
Where is this office building located?
The property is located at 1038 Beaumont Ave. Beaumont, CA.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Three private offices, a restroom, and open workspace; Separate warehouse office and storage garage; Five parking spaces, with up to 10 additional spots
