Renovated Industrial
For Sale
Contact for pricing
1737 Production Cir, Riverside, CA 92509
Freestanding industrial property with a secured yard and grade-level loading access.
Property Size3,353 SF
Price / SF$266.93
Days on Market21
Property Features for 1737 Production Cir
General Information
Standard status
Active
Size
3,353 SF
Property subtype
INDUSTRIAL
Additional Details
Fenced Yard
Yes
Drive-In Doors
2
Listing Agency:
Colliers
(949) 887-2475
Listed By:
Kylie Jones
(949) 887-2475
Source:
Moodyscre
Added: Aug 12
Changed: Aug 16
Last Checked: Aug 30 at 11:57PM
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 Colliers
Investment Insights
Based on property information with market context.
This freestanding industrial building offers 3,353 square feet of recently renovated space. The property includes two grade-level roll-up doors and a secured, fenced yard that supports controlled access and loading operations. The building will be delivered vacant, allowing the next owner to occupy the improvements without an existing tenancy in place.
Located at 1737 Production Cir in Riverside, California, the property provides a straightforward industrial configuration with dedicated yard area and direct roll-up loading access.
Located at 1737 Production Cir in Riverside, California, the property provides a straightforward industrial configuration with dedicated yard area and direct roll-up loading access.
Key Highlights
- 3,353 square feet of industrial space
- Recently renovated freestanding building
- Two grade‑level roll‑up doors
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
$52,118
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
5.82%
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%
$1,042,360
$1.0M
Cap Rate 7%
$744,543
$744.5K
Cap Rate 9%
$579,089
$579.1K
Market Conditions
NOI Build-Up for 3,353 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
$61.6K $18.36/SF
− Vacancy
−$246 −$0.07/SF
EGI
$61.3K $18.29/SF
− OpEx
−$9.2K −$2.74/SF
NOI
$52.1K $15.54/SF
Area
Riverside, CA
Vacancy
0.40%
Lease Rate
$18.36 /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%
$1,042,360
Cap Rate 7%
$744,543
Cap Rate 9%
$579,089
Alternative Uses
Best Use
Warehouse
$744.5K
$651.5K – $868.6K
NOI $52,118 @ 7.0% cap · market cap 5.82%
Second Best
Industrial
$613.1K
$536.5K – $715.3K
NOI $42,920 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,524 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
145
Businesses Nearby
Explore this area
Business Placement
Demographics for 92509, CA
78,166
Population
20,929
Households
3.7
Avg Household Size
34
Median Age
14%
College-Educated
72%
High-School Grad
30.7 sq mi
ZIP Area
2,546
Density / Sq Mi
$95,218
Median Household Income
$40,015
Median Earnings
$1,698
Median Rent
$501,200
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?
Industrial property - Freestanding industrial property with a secured yard and grade-level loading access.
Where is this industrial property located?
The property is located at 1737 Production Cir Riverside, CA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 3,353 square feet of industrial space; Recently renovated freestanding building; Two grade‑level roll‑up doors
