Medical-Ready Office
For Sale
$750,000
29995 Technology Drive Suite 301, Murrieta, CA 92563
Own a medical-allowed office suite with a private second entrance and views from the third floor.
Property Size1,994 SF
Days on Market68
Property Features for 29995 Technology Drive Suite 301
General Information
Standard status
Active
Size
1,994 SF
Property subtype
Office
Building Details
Building Size
1,994 SF
Listing Agency:
Lee & Associates
(951) 445-4520
Listed By:
Jim Nadal, CCIM · License #CalDRE #01040679
Source:
Lee-associates
Added: Jun 18
Changed: Aug 23
Last Checked: Aug 23 at 3:12AM
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
Investment Insights
Based on property information with market context.
This for-sale office suite is positioned on the third floor and includes features suited to medical office use, with medical uses stated as allowed. The suite also offers a rare second private entrance, adding convenience and privacy for patients, clients, and staff. Views from the third floor are noted as an additional amenity.
The property is located at 29995 Technology Drive in Murrieta, CA. It is identified as Suite 301, within a multi-tenant office setting, which can help support a professional day-to-day working environment.
For buyers seeking an office that accommodates medical use, the combination of medical-allowed eligibility and the presence of a second private entrance can support practical operations and controlled access. The third-floor orientation with views may also be appealing for professional offices that want a more elevated setting for day-to-day client engagement.
The property is located at 29995 Technology Drive in Murrieta, CA. It is identified as Suite 301, within a multi-tenant office setting, which can help support a professional day-to-day working environment.
For buyers seeking an office that accommodates medical use, the combination of medical-allowed eligibility and the presence of a second private entrance can support practical operations and controlled access. The third-floor orientation with views may also be appealing for professional offices that want a more elevated setting for day-to-day client engagement.
Key Highlights
- Medical uses allowed office suite
- Includes a private second entrance
- Third‑floor views
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
$29,690
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
3.96%
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%
$593,800
$593.8K
Cap Rate 7%
$424,143
$424.1K
Cap Rate 9%
$329,889
$329.9K
Market Conditions
NOI Build-Up for 1,994 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
$52.6K $26.40/SF
− Vacancy
−$3.2K −$1.58/SF
EGI
$49.5K $24.82/SF
− OpEx
−$19.8K −$9.93/SF
NOI
$29.7K $14.89/SF
Area
Murrieta, CA
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
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%
$593,800
Cap Rate 7%
$424,143
Cap Rate 9%
$329,889
Alternative Uses
Best Use
Healthcare Medical
$424.1K
$371.1K – $494.8K
NOI $29,690 @ 7.0% cap · market cap 3.96%
Second Best
Office B
$383.6K
$335.7K – $447.6K
NOI $26,853 @ 7.0% cap · market cap 3.58%
Theoretical Best
Specialty Retail
$629.9K
$551.2K – $734.9K
NOI $44,093 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
971
Businesses Nearby
Explore this area
Business Placement
Demographics for 92563, CA
73,224
Population
24,020
Households
3
Avg Household Size
35
Median Age
33%
College-Educated
93%
High-School Grad
22.6 sq mi
ZIP Area
3,240
Density / Sq Mi
$118,519
Median Household Income
$51,772
Median Earnings
$2,588
Median Rent
$615,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Own a medical-allowed office suite with a private second entrance and views from the third floor.
Where is this office units located?
The property is located at 29995 Technology Drive Suite 301 Murrieta, CA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Medical uses allowed office suite; Includes a private second entrance; Third‑floor views
