Office Unit with Loading
130 W W WALNUT Avenue, Perris, CA 92571
For Sale
$525,000
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 Market48
Property Features for 130 W W WALNUT Avenue
General Information
Standard status
Size
Total Parking Spaces
Lot size
Zoning
Additional Details
Floor
Highway Access
Amenities
loading area
Building Details
Year Built
Listing Agency:
Realty Masters & Associates
(951) 384-6600
Listed By:
MARIA ISABEL RAMIREZ · License #01737267
(951) 796-5315
Source:
Realtyrightchoice
Added: Sep 22
Changed: Oct 26
Last Checked: Nov 6 at 8:23AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$19,545
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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
$430,800
Median Home Value
Market
Average Price Trend$/SF for Office Units in Riverside County, CA
Properties on Market for Office Units in Riverside County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Condo office unit with a loft, additional first-floor rooms, parking, and light-manufacturing zoning.
Where is this office unit 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
