Office-Warehouse with Loading
For Sale
$900,000
121 Dillon, San Jacinto, CA 92583
Flex office and warehouse space includes two 12’ roll-up doors, A/C front office, and dedicated parking.
Property Size5,771 SF
Price / SF$155.95
Days on Market284
Property Features for 121 Dillon
General Information
Standard status
Active
Size
5,771 SF
Property subtype
General Commercial
Amenities
Central Air, Evaporative
3
Listing Agency:
ALTICORE REALTY
(951) 924-4292
Listed By:
BLANCA ALVAREZ · License #01801789
Source:
Xome
Added: Nov 5, 2025
Changed: Aug 14
Last Checked: Aug 16 at 3:48AM
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 ALTICORE REALTY
Investment Insights
Based on property information with market context.
This office-warehouse facility includes a warehouse area of approximately 5,171 square feet with two 12’ roll-up doors for loading and operations. The property is supported by 480-amp electrical service and includes four operational swamp coolers within the warehouse. The front office area is approximately 600 square feet and features A/C, a reception area, two private offices, and a shower.
The exterior has recently been painted and the property provides 12 dedicated parking spaces. The facility is described as an office business-zoned commercial property, with city-permitted uses listed in the remarks for the OP zone (see attached zoning supplemental).
Overall, the layout combines warehouse functionality with a customer-facing reception area and private office space, supported by electrical capacity and on-site ventilation equipment.
The exterior has recently been painted and the property provides 12 dedicated parking spaces. The facility is described as an office business-zoned commercial property, with city-permitted uses listed in the remarks for the OP zone (see attached zoning supplemental).
Overall, the layout combines warehouse functionality with a customer-facing reception area and private office space, supported by electrical capacity and on-site ventilation equipment.
Key Highlights
- Office and warehouse facility at 117–121 N Dillon Ave, San Jacinto with 5,771 SF warehouse plus a front 600 SF office area
- Warehouse has two 12’ roll‑up doors for loading, storage, and operations
- Front 600 SF office includes A/C with reception area, two private offices, and a shower
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
$57,546
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
6.39%
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%
$1,150,920
$1.2M
Cap Rate 7%
$822,086
$822.1K
Cap Rate 9%
$639,400
$639.4K
Market Conditions
NOI Build-Up for 5,771 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
$72.0K $12.48/SF
− Vacancy
−$4.3K −$0.75/SF
EGI
$67.7K $11.73/SF
− OpEx
−$10.2K −$1.76/SF
NOI
$57.5K $9.97/SF
Area
Riverside County, CA
Vacancy
6.00%
Lease Rate
$12.48 /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%
$1,150,920
Cap Rate 7%
$822,086
Cap Rate 9%
$639,400
Alternative Uses
Best Use
Warehouse
$822.1K
$719.3K – $959.1K
NOI $57,546 @ 7.0% cap · market cap 6.39%
Second Best
Industrial
$677.0K
$592.4K – $789.9K
NOI $47,391 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$1.73M
$1.51M – $2.02M
NOI $121,023 @ 7.0% cap · market cap 13.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,027
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92583, CA
34,674
Population
10,397
Households
3.3
Avg Household Size
34
Median Age
13%
College-Educated
78%
High-School Grad
29.1 sq mi
ZIP Area
1,192
Density / Sq Mi
$63,582
Median Household Income
$37,128
Median Earnings
$1,501
Median Rent
$339,500
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Flex space - Flex office and warehouse space includes two 12’ roll-up doors, A/C front office, and dedicated parking.
Where is this flex space located?
The property is located at 121 Dillon San Jacinto, CA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Office and warehouse facility at 117–121 N Dillon Ave, San Jacinto with 5,771 SF warehouse plus a front 600 SF office area; Warehouse has two 12’ roll‑up doors for loading, storage, and operations; Front 600 SF office includes A/C with reception area, two private offices, and a shower
