Building Details

Year Built 1981

Listing Agency: New Star Realty & Investment Show Phone

Listed By: Kee Woon Lee · License #01077991 Show Phone

Source: Exitrealty

Added: Jun 27, 2022 Changed: Oct 13 Last Checked: Oct 12 at 6:30PM

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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 New Star Realty & Investment

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Investment Insights

Based on property information with market context.

A two-story building encompassing 14,200 square feet is available for purchase in San Jacinto. Constructed in 1981, the property occupies a 22,651-square-foot lot. The building is situated on the southwest corner of San Jacinto Avenue and Esplanade Avenue.

Key Highlights

• Large building size: 14,200 sf of 2‑story building.
• Substantial lot size: 22,651 sf.
• Located at the Southwest Corner of San Jacinto Ave and Esplanade Ave.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$203,683

Cap Rate

6.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,073,660 $4.1M

Cap Rate 7%

$2,909,757 $2.9M

Cap Rate 9%

$2,263,144 $2.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 14,210 SF

Gross rent

$306.9K $21.60/SF

− Vacancy

−$16.0K −$1.12/SF

EGI

$291.0K $20.48/SF

− OpEx

−$87.3K −$6.14/SF

NOI

$203.7K $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 Rate 5%

$4,073,660

Cap Rate 7%

$2,909,757

Cap Rate 9%

$2,263,144

Alternative Uses

Best Use

Retail

$2.91M

$2.55M – $3.39M (±1% cap)

NOI $203,683 @ 7.0% cap · market cap 6.27%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$4.26M

$3.72M – $4.97M (±1% cap)

NOI $297,995 @ 7.0% cap · market cap 9.17%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

American Tattoo Supply ... Tattoo & Piercing Shop AZTEC AUTO INSURANCE ... Insurance Agency La Delle's Beauty ... (Bike/Boat/Book/etc) Store FA BEST TAX ... Accounting Firm Reconciled Christian Fellowship Church

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Parking Lot & Garage Garden Center Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

801

Businesses Nearby

345k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 34% Dining 33% Shops & Services 21% Leisure 6%

Cardenas Market Groceries

49,124 visits/mo 0.2 miles

Stater Bros. Markets Groceries

45,913 visits/mo 0.3 miles

Starbucks Dining

32,593 visits/mo 0.2 miles

Aldi Groceries

20,637 visits/mo 0.3 miles

Regal Cinemas San Jacinto Metro 12 Leisure

19,182 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

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Similar Off Market Nearby

• San Jacinto Florist — 1170 S San Jacinto Ave, San Jacinto, CA 92583
• Ibanez Decorations & Florists — 500 S State St, San Jacinto, CA 92583
• Adam's Arrangements — 420 S State St, San Jacinto, CA 92583

Frequently Asked Questions

What type of property is this?

Storefront property - Two-story building for sale in San Jacinto, California.

Where is this storefront property located?

The property is located at 1520 S San Jacinto Avenue San Jacinto, CA.

What is the asking price?

The asking price for this property is $3,250,000.

What are key features of this property?

This property features: Large building size: **14,200 sf of 2‑story building**.; Substantial lot size: **22,651 sf**.; Located at the Southwest Corner of San Jacinto Ave and Esplanade Ave.