Two-Story Brick Retail
For Sale
Contact for pricing
131 E Main Street, San Jacinto, CA 92583
Two-story brick storefront with commercial kitchen and hood, rear alley access, and ADA accessibility upgrades.
Property Size5,394 SF
Price / SF$157.40
Days on Market20
Property Features for 131 E Main Street
General Information
Standard status
Active
Size
5,394 SF
Property subtype
Retail, Mixed Use, Special Purpose
Additional Details
Road Access
Yes
Commercial Hood
Yes
Amenities
restroom
wheelchair ramp
stair chair lift
Building Details
Year Built
1918
Stories
2
Construction
brick storefront
Tenancy
Multi
Listing Agency:
X Acquisitions
Listed By:
Ben Kaviani · License #CA DRE #02177904
Source:
Crexi
Added: Jul 20
Changed: Jul 25
Last Checked: Aug 7 at 3:16AM
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 X Acquisitions
Investment Insights
Based on property information with market context.
This two-story brick storefront offers a commercial kitchen setup with a hood already in place, plus a flat second-floor hall. The front features two separate storefronts connected by a central alley that leads to a restroom, with a rear store entrance and a staircase to the upper level.
The upper level is currently leased to a church. The rear store is owner-occupied and will be delivered vacant at closing. Remaining tenants are on month-to-month leases, providing flexibility for a new owner. The building is ADA compliant, with a wheelchair ramp at the rear and a rail-mounted stair chair lift for single-passenger access to the upper level.
Access includes rear alley entry. Parking includes ample street parking along Main Street and nearby, along with an adjacent rear lot owned by the neighboring grocery store and the city.
The upper level is currently leased to a church. The rear store is owner-occupied and will be delivered vacant at closing. Remaining tenants are on month-to-month leases, providing flexibility for a new owner. The building is ADA compliant, with a wheelchair ramp at the rear and a rail-mounted stair chair lift for single-passenger access to the upper level.
Access includes rear alley entry. Parking includes ample street parking along Main Street and nearby, along with an adjacent rear lot owned by the neighboring grocery store and the city.
Key Highlights
- Two‑story brick storefront built in 1918 with 5,394 SF leasable area
- Commercial kitchen and hood already in place; rear store currently owner‑occupied and delivered vacant at closing
- Front has two separate storefronts connected by a central alley to a restroom, with a rear store entrance and rear alley access
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
$77,316
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
9.11%
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%
$1,546,320
$1.5M
Cap Rate 7%
$1,104,514
$1.1M
Cap Rate 9%
$859,067
$859.1K
Market Conditions
NOI Build-Up for 5,394 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
$116.5K $21.60/SF
− Vacancy
−$6.1K −$1.12/SF
EGI
$110.5K $20.48/SF
− OpEx
−$33.1K −$6.14/SF
NOI
$77.3K $14.33/SF
Area
Riverside County, CA
Vacancy
5.20%
Lease Rate
$21.60 /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%
$1,546,320
Cap Rate 7%
$1,104,514
Cap Rate 9%
$859,067
Alternative Uses
Best Use
Retail
$1.10M
$966.5K – $1.29M
NOI $77,316 @ 7.0% cap · market cap 9.11%
Second Best
Specialty Retail
$971.6K
$850.2K – $1.13M
NOI $68,013 @ 7.0% cap · market cap 8.01%
Theoretical Best
Office A
$1.62M
$1.41M – $1.89M
NOI $113,117 @ 7.0% cap · market cap 13.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
484
Businesses Nearby
27k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 98%
Home Improvements & Furnishings 2%
Fastrip
Shops & Services
12,429 visits/mo
0.5 miles
ARCO
Shops & Services
8,663 visits/mo
0.5 miles
AMPM
Shops & Services
4,117 visits/mo
0.4 miles
Watermill Express
Shops & Services
1,148 visits/mo
0.5 miles
Romeril Plumbing and Hardware
Home Improvements & Furnishings
662 visits/mo
0.4 miles
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 Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Adam's Arrangements — 420 S State St, San Jacinto, CA 92583
- San Jacinto Florist — 1170 S San Jacinto Ave, San Jacinto, CA 92583
- Ibanez's Decorating & Florist — 338 n san jacinto ave # a, san jacinto, ca 92583
Frequently Asked Questions
What type of property is this?
Storefront property - Two-story brick storefront with commercial kitchen and hood, rear alley access, and ADA accessibility upgrades.
Where is this storefront property located?
The property is located at 131 E Main Street San Jacinto, CA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Two‑story brick storefront built in 1918 with 5,394 SF leasable area; Commercial kitchen and hood already in place; rear store currently owner‑occupied and delivered vacant at closing; Front has two separate storefronts connected by a central alley to a restroom, with a rear store entrance and rear alley access
