Industrial Condo Unit with GL
For Sale
$695,000
41745 Elm Street Unit 201, Murrieta, CA 92562
Industrial condo unit featuring a 10' x 12' automatic GL door and 200-amp electrical service.
Property Size2,397 SF
Days on Market43
Property Features for 41745 Elm Street Unit 201
General Information
Standard status
Active
Size
2,397 SF
Property subtype
Industrial - Manufacturing
Warehouse & Industrial
Drive-In Doors
1
Heavy Power
Yes
Additional Details
Highway Access
Yes
Building Details
Building Size
2,397 SF
Year Built
2005
Listing Agency:
Lee & Associates
(951) 445-4504
Listed By:
Gordon Mize · License #01275376
Source:
Commercialcafe
Added: Jul 13
Changed: Aug 8
Last Checked: Aug 18 at 8:38AM
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.
Industrial condo unit available for sale, offering an automatic GL door measuring approximately 10' x 12'. The unit is described as having 200 amps of electrical service on a 120/208 volt, 3-phase setup, with verification noted.
The property is located in the north Murrieta industrial corridor in the Golden Triangle area near Jefferson Avenue and the I-15 freeway.
This offering is presented as available at close of escrow.
The property is located in the north Murrieta industrial corridor in the Golden Triangle area near Jefferson Avenue and the I-15 freeway.
This offering is presented as available at close of escrow.
Key Highlights
- Industrial condo unit built in 2005
- Includes a 10' x 12' automatic GL door
- 200‑amp electrical service (120/208 volt, 3‑phase) (verify)
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
$22,615
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
3.25%
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%
$452,300
$452.3K
Cap Rate 7%
$323,071
$323.1K
Cap Rate 9%
$251,278
$251.3K
Market Conditions
NOI Build-Up for 2,397 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
$34.5K $14.40/SF
− Vacancy
−$2.2K −$0.92/SF
EGI
$32.3K $13.48/SF
− OpEx
−$9.7K −$4.04/SF
NOI
$22.6K $9.43/SF
Area
Murrieta, CA
Vacancy
6.40%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$452,300
Cap Rate 7%
$323,071
Cap Rate 9%
$251,278
Alternative Uses
Best Use
Industrial
$323.1K
$282.7K – $376.9K
NOI $22,615 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$757.2K
$662.6K – $883.4K
NOI $53,005 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,324
Businesses Nearby
Explore this area
Business Placement
Demographics for 92562, CA
64,270
Population
22,362
Households
2.9
Avg Household Size
38
Median Age
34%
College-Educated
94%
High-School Grad
110.3 sq mi
ZIP Area
583
Density / Sq Mi
$113,204
Median Household Income
$55,495
Median Earnings
$2,262
Median Rent
$629,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial condo unit featuring a 10' x 12' automatic GL door and 200-amp electrical service.
Where is this manufacturing property located?
The property is located at 41745 Elm Street Unit 201 Murrieta, CA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Industrial condo unit built in 2005; Includes a 10' x 12' automatic GL door; 200‑amp electrical service (120/208 volt, 3‑phase) (verify)
