Freestanding Industrial Building For
For Sale
Contact for pricing
26035 Palomar Rd, Menifee, CA 92585
32,000 SF fully leased industrial building.
Property Size32,000 SF
Price / SF$180
Days on Market438
Property Features for 26035 Palomar Rd
General Information
Standard status
Active
Size
32,000 SF
Property subtype
Industrial
Zoning
Business Park (BP) - City of Menifee (Verify)
Occupancy
100%
Lease Type
Gross
Investment Type
Owner/User
Net Operating Income
$393,587
Building Details
Year Built
2004
Tenancy
Multi
Listing Agency:
Lee & Associates - Temecula Valley
Listed By:
Gordon Mize · License #CA 01275376
(951) 445-4504
Source:
Crexi
Added: Jul 26, 2025
Changed: Aug 8
Last Checked: Aug 8 at 2:46PM
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 is a 32,000 square foot freestanding industrial building that is fully leased. The property is occupied by two tenants. One tenant, AMR, offers emergency and non-emergency patient transport services and has a presence in over 40 states, with 180 locations, a fleet of over 8,000 ambulances and more than 37,000 team members. Founded in 1992 and headquartered in Lewisville, Texas, AMR partners with hospitals, municipalities, and event organizers nationwide, specializing in 911 emergency response, advanced life support, critical care transport, bariatric, and wheelchair van services. The other tenant, Metrea, is a defense and aerospace company providing critical services to the U.S. military and its allies, including aerial refueling, aviation support, and mission systems. Founded in 2016 with 17 locations worldwide and headquartered in Washington, D.C., Metrea supports national security operations from the ground and the air.
Key Highlights
- Fully Leased 32,000 SF Freestanding Industrial Building
- Tenant: AMR (American Medical Response), a national provider of emergency and non‑emergency patient transport services
- Tenant: Metrea, a defense and aerospace company providing services to the U.S. military and its allies
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$361,481
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,229,620
$7.2M
Cap Rate 7%
$5,164,014
$5.2M
Cap Rate 9%
$4,016,456
$4.0M
Market Conditions
NOI Build-Up for 32,000 SF
Gross rent
$460.8K $14.40/SF
− Vacancy
−$35.5K −$1.11/SF
EGI
$425.3K $13.29/SF
− OpEx
−$63.8K −$1.99/SF
NOI
$361.5K $11.30/SF
Area
Menifee, CA
Vacancy
7.71%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,229,620
Cap Rate 7%
$5,164,014
Cap Rate 9%
$4,016,456
Alternative Uses
Best Use
Warehouse
$5.16M
$4.52M – $6.02M
NOI $361,481 @ 7.0% cap · market cap 6.28%
Second Best
Industrial
$4.25M
$3.72M – $4.96M
NOI $297,691 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$8.11M
$7.10M – $9.46M
NOI $567,706 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92585, CA
24,887
Population
8,447
Households
2.9
Avg Household Size
36
Median Age
20%
College-Educated
85%
High-School Grad
17.1 sq mi
ZIP Area
1,455
Density / Sq Mi
$97,898
Median Household Income
$46,523
Median Earnings
$2,200
Median Rent
$499,800
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?
Warehouse - 32,000 SF fully leased industrial building.
Where is this warehouse located?
The property is located at 26035 Palomar Rd Menifee, CA.
What is the asking price?
The asking price for this property is $5,760,000.
What are key features of this property?
This property features: Fully Leased 32,000 SF Freestanding Industrial Building; Tenant: AMR (American Medical Response), a national provider of emergency and non‑emergency patient transport services; Tenant: Metrea, a defense and aerospace company providing services to the U.S. military and its allies
