Retail Center in Moreno
For Sale
Contact for pricing
23571-23579 Sunnymead Ranch Pkwy, Moreno Valley, CA
Neighborhood shopping center with value-add potential in Moreno Valley.
Property Size79,987 SF
Lot Size8.04 Acres
Price / SF$175.03
Days on Market281
Property Features for 23571-23579 Sunnymead Ranch Pkwy
General Information
Standard status
Active
Size
79,987 SF
Lot size
8.04 Acres
Property subtype
RETAIL
Listing Agency:
CBD Investment Inc.
(626) 446-8999
Listed By:
Henry Liu · License #01378289
(626) 688-2208
Source:
Moodyscre
Added: Nov 26, 2025
Changed: Sep 3
Last Checked: Aug 7 at 8:16AM
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 CBD Investment Inc.
Investment Insights
Based on property information with market context.
Lakeshore Village Marketplace is a ±79,987 SF neighborhood shopping center located at the entrance of the Sunnymead Ranch community in North Moreno Valley. The retail asset is situated on approximately 8.04 acres. The property offers existing cash flow with value-add potential. The space has attracted interest from a national retailer, giving the next owner income growth potential.
Key Highlights
- Highly visible ±79,987 SF neighborhood shopping center.
- Strategically positioned at the main entrance of the Sunnymead Ranch community.
- ±8.04 acre fee‑simple retail asset.
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
$1,142,886
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
8.16%
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%
$22,857,720
$22.9M
Cap Rate 7%
$16,326,943
$16.3M
Cap Rate 9%
$12,698,733
$12.7M
Market Conditions
NOI Build-Up for 79,987 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
$1.73M $21.60/SF
− Vacancy
−$95.0K −$1.19/SF
EGI
$1.63M $20.41/SF
− OpEx
−$489.8K −$6.12/SF
NOI
$1.14M $14.29/SF
Area
Moreno Valley, CA
Vacancy
5.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$22,857,720
Cap Rate 7%
$16,326,943
Cap Rate 9%
$12,698,733
Alternative Uses
Best Use
Retail
$16.33M
$14.29M – $19.05M
NOI $1,142,886 @ 7.0% cap · market cap 8.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$27.41M
$23.99M – $31.98M
NOI $1,918,882 @ 7.0% cap · market cap 13.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
48k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 75%
Dining 25%
Dollar Tree
Shops & Services
14,475 visits/mo
0.1 miles
Shell
Shops & Services
12,433 visits/mo
0.0 miles
Jack in the Box
Dining
12,335 visits/mo
0.0 miles
7-Eleven
Shops & Services
9,174 visits/mo
0.0 miles
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Strip mall - Neighborhood shopping center with value-add potential in Moreno Valley.
Where is this strip mall located?
The property is located at 23571-23579 Sunnymead Ranch Pkwy Moreno Valley, CA.
What is the asking price?
The asking price for this property is $13,999,999.
What are key features of this property?
This property features: Highly visible ±79,987 SF neighborhood shopping center.; Strategically positioned at the main entrance of the Sunnymead Ranch community.; ±8.04 acre fee‑simple retail asset.
