Office Unit with Loading
New
For Sale
$525,000
130 W W WALNUT Avenue, Perris, CA 92571
Condo office unit with a loft, additional first-floor rooms, parking, and light-manufacturing zoning.
Property Size1,244 SF
Lot Size0.03 Acres
Price / SF$422.03
Days on Market2
Property Features for 130 W W WALNUT Avenue
General Information
Standard status
Active
Size
1,244 SF
Total Parking Spaces
2
Lot size
0.03 Acres
Zoning
L-1
Additional Details
Floor
1
Highway Access
Yes
Amenities
loading area
Building Details
Year Built
2005
Listing Agency:
Realty Masters & Associates
(951) 384-6600
Listed By:
MARIA ISABEL RAMIREZ · License #01737267
(951) 796-5315
Source:
Realtyrightchoice
Added: Sep 22
Changed: Sep 23
Last Checked: Sep 22 at 2:58PM
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 Realty Masters & Associates
Investment Insights
Based on property information with market context.
This office condominium includes 1,244 SF of office area within a 1,180 SF condo site. The layout features a loft room, two additional rooms on the first floor, a loading area, and two parking spaces. Constructed in 2005, the property is identified with L-1 zoning and a manufactured-light use code.
The unit is part of Walnut Business Condos, with HOA management in place. Its setting provides access to a shopping center and the 215 freeway, supporting convenient connection to nearby commercial services and regional transportation.
The unit is part of Walnut Business Condos, with HOA management in place. Its setting provides access to a shopping center and the 215 freeway, supporting convenient connection to nearby commercial services and regional transportation.
Key Highlights
- 1,244 SF office area
- 1,180 SF condo site
- Built in 2005
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
$19,545
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
3.72%
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%
$390,900
$390.9K
Cap Rate 7%
$279,214
$279.2K
Cap Rate 9%
$217,167
$217.2K
Market Conditions
NOI Build-Up for 1,244 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
$28.5K $22.92/SF
− Vacancy
−$2.5K −$1.97/SF
EGI
$26.1K $20.95/SF
− OpEx
−$6.5K −$5.24/SF
NOI
$19.5K $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%
$390,900
Cap Rate 7%
$279,214
Cap Rate 9%
$217,167
Alternative Uses
Best Use
Office B
$279.2K
$244.3K – $325.8K
NOI $19,545 @ 7.0% cap · market cap 3.72%
Second Best
Industrial
$145.9K
$127.7K – $170.3K
NOI $10,216 @ 7.0% cap · market cap 1.95%
Theoretical Best
Office A
$372.7K
$326.1K – $434.8K
NOI $26,088 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
Explore this area
Business Placement
Demographics for 92571, CA
59,450
Population
14,792
Households
4
Avg Household Size
29
Median Age
12%
College-Educated
70%
High-School Grad
39.1 sq mi
ZIP Area
1,520
Density / Sq Mi
$85,746
Median Household Income
$37,465
Median Earnings
$2,005
Median Rent
$430,800
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?
Office units - Condo office unit with a loft, additional first-floor rooms, parking, and light-manufacturing zoning.
Where is this office units located?
The property is located at 130 W W WALNUT Avenue Perris, CA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1,244 SF office area; 1,180 SF condo site; Built in 2005
