Moreno Valley Retail Investment
For Sale
$13,999,999
23571 23579 Sunnymead Ranch Pkwy, Moreno Valley, CA 92557
Neighborhood shopping center with value-add potential in Moreno Valley.
Property Size79,987 SF
Lot Size10.34 Acres
Price / SF$175.03
Days on Market152
Property Features for 23571 23579 Sunnymead Ranch Pkwy
General Information
Standard status
Active
Size
79,987 SF
Lot size
10.34 Acres
Property subtype
Commercial
Building Details
Building Size
79,987 SF
Year Built
1994
Listing Agency:
CBD Investment Inc.
(626) 566-2221
Listed By:
Henry Liu · License #01378289
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 4:54AM
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 neighborhood shopping center with approximately 79,987 square feet, positioned at the entrance to the Sunnymead Ranch community in North Moreno Valley. Situated on approximately 8.04 acres, this retail asset combines existing cash flow with value-add potential. The property features 87% leased shop space, totaling approximately 34,232 square feet, occupied by a mix of tenants including Dollar Tree, Del Taco, Jack in the Box, and a Bank of America ATM, as well as restaurants, dental offices, salons, and fitness operators. A highlight of the property is the approximately 33,750-square-foot former grocer anchor box, currently vacant and representing an opportunity for re-tenanting, subdividing, or full repositioning into grocery, specialty retail, medical, fitness, educational, or entertainment uses. The space has attracted interest from a national retailer. The center benefits from surrounding demographics, with 192,986 residents within a 5-mile radius and an average household income of $86,748. The property has multiple ingress/egress points and parking. Lakeshore Village Marketplace is an acquisition opportunity for 1031 exchange buyers, long-term holders, and value-add retail investors seeking a community-anchored retail asset in Moreno Valley.
Key Highlights
- Significant Value‑Add Potential: Vacant ±33,750 SF anchor space offers opportunities for re‑tenanting, subdivision, or repositioning.
- Strong Existing Cash Flow: 87% leased shop space (±34,232 SF) provides stable income.
- Strategic Location: Positioned at the entrance of the Sunnymead Ranch community in North Moreno Valley.
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
Specialty Retail
$18.52M
$16.21M – $21.61M
NOI $1,296,653 @ 7.0% cap · market cap 9.26%
Second Best
Retail
$16.33M
$14.29M – $19.05M
NOI $1,142,886 @ 7.0% cap · market cap 8.16%
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
Under-served
Demand for This Use
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
Demographics for 92557, CA
54,549
Population
15,748
Households
3.5
Avg Household Size
34
Median Age
19%
College-Educated
84%
High-School Grad
17.8 sq mi
ZIP Area
3,065
Density / Sq Mi
$93,464
Median Household Income
$41,214
Median Earnings
$2,081
Median Rent
$471,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Neighborhood shopping center with value-add potential in Moreno Valley.
Where is this shopping center 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: Significant Value‑Add Potential: Vacant ±33,750 SF anchor space offers opportunities for re‑tenanting, subdivision, or repositioning.; Strong Existing Cash Flow: 87% leased shop space (±34,232 SF) provides stable income.; Strategic Location: Positioned at the entrance of the Sunnymead Ranch community in North Moreno Valley.
