Dock-High Cross-Dock Industrial
For Sale
Contact for pricing
139 Kellam Ave, San Jacinto, CA 92583
Dock-high cross-dock capable building with refrigeration in place, remodeled offices, and a large fenced yard.
Property Size35,420 SF
Price / SF$122.81
Days on Market131
Property Features for 139 Kellam Ave
General Information
Standard status
Active
Size
35,420 SF
Total Parking Spaces
10
Property subtype
Industrial
Additional Details
Opportunity Zone
Yes
Fenced Yard
Yes
Building Details
Year Built
1991
Listing Agency:
Lee & Associates - Riverside
Listed By:
Mathew Skogebo · License #CA 01975345
(951) 276-3646
Source:
Crexi
Added: Apr 29
Changed: Sep 2
Last Checked: Sep 6 at 1:14AM
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 - Riverside
Investment Insights
Based on property information with market context.
This dock-high cross-dock capable industrial facility includes refrigeration in place and a large fenced yard area. Improvements reported include a new roof, new electrical, and remodeled offices, supporting modernized building operations and a more functional office component.
The property is listed for sale at 139 Kellam Ave, San Jacinto, CA 92583. It is designated as a Federal Opportunity Zone and offers ample land to expand.
The combination of dock-high functionality, in-place refrigeration, and a fenced yard suggests a logistics-focused layout designed for handling and staging goods within a secured outdoor area, while the additional land provides room for future development.
The property is listed for sale at 139 Kellam Ave, San Jacinto, CA 92583. It is designated as a Federal Opportunity Zone and offers ample land to expand.
The combination of dock-high functionality, in-place refrigeration, and a fenced yard suggests a logistics-focused layout designed for handling and staging goods within a secured outdoor area, while the additional land provides room for future development.
Key Highlights
- Dock‑high, cross‑dock capable facility built in 1991
- Refrigeration in place
- New roof and new electrical
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
$353,191
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
8.12%
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%
$7,063,820
$7.1M
Cap Rate 7%
$5,045,586
$5.0M
Cap Rate 9%
$3,924,344
$3.9M
Market Conditions
NOI Build-Up for 35,420 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
$442.0K $12.48/SF
− Vacancy
−$26.5K −$0.75/SF
EGI
$415.5K $11.73/SF
− OpEx
−$62.3K −$1.76/SF
NOI
$353.2K $9.97/SF
Area
Riverside County, CA
Vacancy
6.00%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
15.00%
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%
$7,063,820
Cap Rate 7%
$5,045,586
Cap Rate 9%
$3,924,344
Alternative Uses
Best Use
Warehouse
$5.05M
$4.41M – $5.89M
NOI $353,191 @ 7.0% cap · market cap 8.12%
Second Best
Industrial
$4.16M
$3.64M – $4.85M
NOI $290,863 @ 7.0% cap · market cap 6.69%
Theoretical Best
Office A
$10.61M
$9.28M – $12.38M
NOI $742,786 @ 7.0% cap · market cap 17.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
748
Businesses Nearby
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Distribution center - Dock-high cross-dock capable building with refrigeration in place, remodeled offices, and a large fenced yard.
Where is this distribution center located?
The property is located at 139 Kellam Ave San Jacinto, CA.
What is the asking price?
The asking price for this property is $4,350,000.
What are key features of this property?
This property features: Dock‑high, cross‑dock capable facility built in 1991; Refrigeration in place; New roof and new electrical
