Freeway Frontage Industrial
For Sale
$2,250,000
23305 Peggy Lane, Wildomar, CA 92595
Industrial property with freeway frontage and income-producing tenants.
Property Size9,000 SF
Lot Size3.00 Acres
Price / SF$250
Days on Market1123
Property Features for 23305 Peggy Lane
General Information
Standard status
Active
Size
9,000 SF
Lot size
3.00 Acres
Property subtype
Commercial/Industrial
Listing Agency:
Coldwell Banker Assoc.Brks-CL
(951) 244-1867
Listed By:
Kris Hansen · License #01878656
(951) 551-6434
Source:
Exitrealty
Added: Sep 10, 2023
Changed: Sep 4
Last Checked: Sep 15 at 4:13AM
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 Coldwell Banker Assoc.Brks-CL
Investment Insights
Based on property information with market context.
This property, zoned MSC, is located along the 15 Freeway between Wildomar Trail and Clinton Keith. It features approximately 600 feet of freeway frontage. The site includes about 9,000 square feet of building space, along with 1,600 square feet of remodeled office space. The property consists of over three acres of flat, usable, and fully fenced land. It is currently occupied by income-producing tenants. The property operates on well and septic systems.
Key Highlights
- MSC Zoning
- Freeway Frontage: 600 +/- feet on the 15 FWY**
- Income‑producing tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,907
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,478,140
$1.5M
Cap Rate 7%
$1,055,814
$1.1M
Cap Rate 9%
$821,189
$821.2K
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$112.3K $12.48/SF
− Vacancy
−$6.7K −$0.75/SF
EGI
$105.6K $11.73/SF
− OpEx
−$31.7K −$3.52/SF
NOI
$73.9K $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%
$1,478,140
Cap Rate 7%
$1,055,814
Cap Rate 9%
$821,189
Alternative Uses
Best Use
Industrial
$1.06M
$923.8K – $1.23M
NOI $73,907 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.70M
$2.36M – $3.15M
NOI $188,737 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
Explore this area
Business Placement
Demographics for 92595, CA
34,405
Population
10,366
Households
3.3
Avg Household Size
37
Median Age
18%
College-Educated
86%
High-School Grad
21.5 sq mi
ZIP Area
1,600
Density / Sq Mi
$98,132
Median Household Income
$42,919
Median Earnings
$2,042
Median Rent
$523,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 with freeway frontage and income-producing tenants.
Where is this industrial property located?
The property is located at 23305 Peggy Lane Wildomar, CA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: MSC Zoning; Freeway Frontage: 600 +/- feet on the 15 FWY**; Income‑producing tenants
