Three-Building Flex Industrial
For Sale
Contact for pricing
1668-1676 Palmyrita Ave, Riverside, CA 92507
Three contiguous industrial buildings with secured, fenced yards and convenient freeway access for flexible uses.
Property Size43,470 SF
Price / SF$224.29
Days on Market60
Property Features for 1668-1676 Palmyrita Ave
General Information
Standard status
Active
Size
43,470 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Listing Agency:
MAB Realty
(951) 847-2226
Listed By:
Brian Tressen · License #01850329
(951) 847-2226
Source:
Moodyscre
Added: Jun 15
Changed: Aug 8
Last Checked: Aug 13 at 12:56PM
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 MAB Realty
Investment Insights
Based on property information with market context.
This offering includes three contiguous industrial buildings for sale, positioned to support either an owner-user strategy or a leased-investment approach. The site is enhanced by large secured and fenced yards, which can be valuable for businesses needing controlled outdoor storage, equipment staging, or flexible operational flow between structures.
Convenient access to major regional routes including 215, 60, 10, and 91 can help support logistics and day-to-day transportation needs for employees, vendors, and customers. The combined configuration of three adjacent buildings also offers practical flexibility for tenants or operators looking to coordinate uses within the same secured property footprint.
For owner-users, the secured yard and multi-building setup can accommodate a wider range of functions within one site. For investors, the property’s stated leased-investment positioning provides an opportunity to own multiple contiguous industrial buildings paired with large fenced outdoor area. Overall, the combination of indoor warehouse/flex buildings and secured yard space is designed for operators who benefit from control of both structures and outdoor staging while maintaining straightforward access to the surrounding roadway network.
Convenient access to major regional routes including 215, 60, 10, and 91 can help support logistics and day-to-day transportation needs for employees, vendors, and customers. The combined configuration of three adjacent buildings also offers practical flexibility for tenants or operators looking to coordinate uses within the same secured property footprint.
For owner-users, the secured yard and multi-building setup can accommodate a wider range of functions within one site. For investors, the property’s stated leased-investment positioning provides an opportunity to own multiple contiguous industrial buildings paired with large fenced outdoor area. Overall, the combination of indoor warehouse/flex buildings and secured yard space is designed for operators who benefit from control of both structures and outdoor staging while maintaining straightforward access to the surrounding roadway network.
Key Highlights
- Three contiguous industrial buildings for sale
- Owner‑user or leased investment setup
- Large secured and fenced yards
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
$650,007
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
6.67%
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%
$13,000,140
$13.0M
Cap Rate 7%
$9,285,814
$9.3M
Cap Rate 9%
$7,222,300
$7.2M
Market Conditions
NOI Build-Up for 43,470 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
$829.4K $19.08/SF
− Vacancy
−$64.7K −$1.49/SF
EGI
$764.7K $17.59/SF
− OpEx
−$114.7K −$2.64/SF
NOI
$650.0K $14.95/SF
Area
ZIP 92507
Vacancy
7.80%
Lease Rate
$19.08 /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%
$13,000,140
Cap Rate 7%
$9,285,814
Cap Rate 9%
$7,222,300
Alternative Uses
Best Use
Warehouse
$9.29M
$8.13M – $10.83M
NOI $650,007 @ 7.0% cap · market cap 6.67%
Second Best
Flex RnD
$8.78M
$7.69M – $10.25M
NOI $614,896 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$14.90M
$13.04M – $17.38M
NOI $1,042,842 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
647
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92507, CA
63,191
Population
19,739
Households
3.2
Avg Household Size
28
Median Age
32%
College-Educated
84%
High-School Grad
21.4 sq mi
ZIP Area
2,953
Density / Sq Mi
$72,367
Median Household Income
$31,961
Median Earnings
$1,780
Median Rent
$503,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Three contiguous industrial buildings with secured, fenced yards and convenient freeway access for flexible uses.
Where is this flex space located?
The property is located at 1668-1676 Palmyrita Ave Riverside, CA.
What is the asking price?
The asking price for this property is $9,750,000.
What are key features of this property?
This property features: Three contiguous industrial buildings for sale; Owner‑user or leased investment setup; Large secured and fenced yards
