Two-Story Flex
For Sale
$398,850
122 E Main St E, San Jacinto, CA 92583
Newly remodeled flex space with large open areas, two bathrooms, and rear parking access.
Property Size3,600 SF
Days on Market33
Property Features for 122 E Main St E
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Commercial
Amenities
bathrooms
storage area
parking
Building Details
Building Size
3,600 SF
Year Built
1952
Listing Agency:
The Culton Corp
(951) 492-4714
Listed By:
Mike Culton · License #00557811
(951) 492-4714
Source:
Elliman
Added: Jul 25
Changed: Aug 16
Last Checked: Aug 26 at 10:08AM
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 The Culton Corp
Investment Insights
Based on property information with market context.
This newly remodeled flex building features a huge open area with additional space toward the rear and a second-floor level. The interior includes two bathrooms plus a storage area, and the property has been updated with new flooring, fresh paint, and new fixtures, along with refreshed walls and ceilings. Access is available from rear parking.
Located at E Main St in San Jacinto, CA, the property includes a large parking lot served by the rear door. The adjacent building next door is also available if additional square footage is needed. WalkScore is 68 (somewhat walkable) and BikeScore is 59 (bikeable).
Located at E Main St in San Jacinto, CA, the property includes a large parking lot served by the rear door. The adjacent building next door is also available if additional square footage is needed. WalkScore is 68 (somewhat walkable) and BikeScore is 59 (bikeable).
Key Highlights
- 1952‑built flex space newly remodeled with new flooring, paint, walls, ceilings, and fixtures
- Large open area plus additional open area in the rear and on the second floor
- Two bathrooms plus an additional storage area
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
$29,563
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
7.41%
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%
$591,260
$591.3K
Cap Rate 7%
$422,329
$422.3K
Cap Rate 9%
$328,478
$328.5K
Market Conditions
NOI Build-Up for 3,600 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
$44.9K $12.48/SF
− Vacancy
−$2.7K −$0.75/SF
EGI
$42.2K $11.73/SF
− OpEx
−$12.7K −$3.52/SF
NOI
$29.6K $8.21/SF
Area
Riverside County, CA
Vacancy
6.00%
Lease Rate
$12.48 /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%
$591,260
Cap Rate 7%
$422,329
Cap Rate 9%
$328,478
Alternative Uses
Best Use
Industrial
$422.3K
$369.5K – $492.7K
NOI $29,563 @ 7.0% cap · market cap 7.41%
Second Best
Flex RnD
$392.2K
$343.1K – $457.5K
NOI $27,451 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$1.08M
$943.7K – $1.26M
NOI $75,495 @ 7.0% cap · market cap 18.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
565
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
- Lisa's catering — 375 N Victoria Ave, San Jacinto, CA 92583
Frequently Asked Questions
What type of property is this?
Flex space - Newly remodeled flex space with large open areas, two bathrooms, and rear parking access.
Where is this flex space located?
The property is located at 122 E Main St E San Jacinto, CA.
What is the asking price?
The asking price for this property is $398,850.
What are key features of this property?
This property features: 1952‑built flex space newly remodeled with new flooring, paint, walls, ceilings, and fixtures; Large open area plus additional open area in the rear and on the second floor; Two bathrooms plus an additional storage area
