Perris Industrial Property For
For Sale
Contact for pricing
1722 Illinois Avenue, Perris, CA 92571
Industrial property featuring 13,672 square feet of space in Perris.
Property Size13,672 SF
Price / SF$265.14
Days on Market235
Property Features for 1722 Illinois Avenue
General Information
Standard status
Active
Size
13,672 SF
Total Parking Spaces
34
Property subtype
Industrial
Building Details
Year Built
2004
Buildings
1
Stories
1
Listing Agency:
Lee & Associates - Temecula Valley
Listed By:
Charley Black · License #CA#01000597
(951) 445-4507
Source:
Crexi
Added: Feb 21
Changed: Oct 5
Last Checked: Oct 12 at 8:31PM
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 - Temecula Valley
Investment Insights
Based on property information with market context.
This industrial property, located in Perris, California, offers 13,672 square feet of space. The property is suitable for various industrial purposes.
Key Highlights
- Industrial Property
- 13,672 SqFt
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,272
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,245,440
$2.2M
Cap Rate 7%
$1,603,886
$1.6M
Cap Rate 9%
$1,247,467
$1.2M
Market Conditions
NOI Build-Up for 13,672 SF
Gross rent
$170.6K $12.48/SF
− Vacancy
−$10.2K −$0.75/SF
EGI
$160.4K $11.73/SF
− OpEx
−$48.1K −$3.52/SF
NOI
$112.3K $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 Rate 5%
$2,245,440
Cap Rate 7%
$1,603,886
Cap Rate 9%
$1,247,467
Alternative Uses
Best Use
Industrial
$1.60M
$1.40M – $1.87M
NOI $112,272 @ 7.0% cap · market cap 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.10M
$3.58M – $4.78M
NOI $286,713 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
Explore this area
Business Placement
Demographics for 92571, CA
59,450
Population
14,792
Households
4
Avg Household Size
29
Median Age
12%
College-Educated
70%
High-School Grad
39.1 sq mi
ZIP Area
1,520
Density / Sq Mi
$85,746
Median Household Income
$37,465
Median Earnings
$2,005
Median Rent
$430,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Industrial property - Industrial property featuring 13,672 square feet of space in Perris.
Where is this industrial property located?
The property is located at 1722 Illinois Avenue Perris, CA.
What is the asking price?
The asking price for this property is $3,625,000.
What are key features of this property?
This property features: Industrial Property; 13,672 SqFt
