Multi-Tenant Flex
For Sale
Contact for pricing
26658 Jefferson Ave, Murrieta, CA 92562
Retail and industrial functionality within a multi-tenant commercial building at Jefferson Avenue and Pear Street.
Property Size18,940 SF
Price / SF$221.75
Days on Market187
Property Features for 26658 Jefferson Ave
General Information
Standard status
Active
Size
18,940 SF
Property subtype
Industrial, Retail
Zoning
C1/Business Park
Occupancy
89%
Investment Type
Stabilized
Net Operating Income
$229,542
Building Details
Year Built
1999
Buildings
1
Stories
2
Units
11
Tenancy
Multi
Listing Agency:
CBRE - Ontario
(909) 418-2049
Listed By:
Pablo Rodriguez · License #CA 01870757
Source:
Crexi
Added: Feb 23
Changed: Aug 29
Last Checked: Aug 29 at 5:52PM
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 CBRE - Ontario
Investment Insights
Based on property information with market context.
This 18,940-square-foot flex space property contains a multi-tenant building designed for combined retail and industrial use. Constructed in 1999, the asset is identified as C1/Business Park zoning, supporting its commercial positioning within the Murrieta market.
The property occupies the intersection of Jefferson Avenue and Pear Street at 26658 Jefferson Ave, Murrieta, CA 92562. Its configuration brings together retail and flex-industrial characteristics in a single commercial building, offering a format suited to multiple occupants and varied business operations.
The property occupies the intersection of Jefferson Avenue and Pear Street at 26658 Jefferson Ave, Murrieta, CA 92562. Its configuration brings together retail and flex-industrial characteristics in a single commercial building, offering a format suited to multiple occupants and varied business operations.
Key Highlights
- 18,940‑square‑foot multi‑tenant flex space building
- Retail and industrial building configuration
- C1/Business Park zoning
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
$382,165
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
9.10%
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%
$7,643,300
$7.6M
Cap Rate 7%
$5,459,500
$5.5M
Cap Rate 9%
$4,246,278
$4.2M
Market Conditions
NOI Build-Up for 18,940 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
$579.6K $30.60/SF
− Vacancy
−$33.6K −$1.77/SF
EGI
$545.9K $28.83/SF
− OpEx
−$163.8K −$8.65/SF
NOI
$382.2K $20.18/SF
Area
Murrieta, CA
Vacancy
5.80%
Lease Rate
$30.60 /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%
$7,643,300
Cap Rate 7%
$5,459,500
Cap Rate 9%
$4,246,278
Alternative Uses
Best Use
Retail
$5.46M
$4.78M – $6.37M
NOI $382,165 @ 7.0% cap · market cap 9.10%
Second Best
Flex RnD
$3.54M
$3.10M – $4.13M
NOI $247,835 @ 7.0% cap · market cap 5.90%
Theoretical Best
Specialty Retail
$5.98M
$5.24M – $6.98M
NOI $418,820 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,785
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 92562, CA
64,270
Population
22,362
Households
2.9
Avg Household Size
38
Median Age
34%
College-Educated
94%
High-School Grad
110.3 sq mi
ZIP Area
583
Density / Sq Mi
$113,204
Median Household Income
$55,495
Median Earnings
$2,262
Median Rent
$629,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Bevy Cocktail Catering — 26023 Jefferson Ave ste b, Murrieta, CA 92562
Frequently Asked Questions
What type of property is this?
Flex space - Retail and industrial functionality within a multi-tenant commercial building at Jefferson Avenue and Pear Street.
Where is this flex space located?
The property is located at 26658 Jefferson Ave Murrieta, CA.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 18,940‑square‑foot multi‑tenant flex space building; Retail and industrial building configuration; C1/Business Park zoning
