Two-Suite Office
For Sale
$1,005,000
27174 Newport Road, Menifee, CA 92584
Currently leased office suites offer flexible occupancy or leasing options for an owner-user or investor.
Property Size5,076 SF
Price / SF$392.89
Days on Market54
Property Features for 27174 Newport Road
General Information
Standard status
Active
Size
5,076 SF
Net Rentable
2,558 SF
Property subtype
Office
Additional Details
Office Units
2
Building Details
Building Size
5,076 SF
Listing Agency:
Lee & Associates
Listed By:
Mike Hanna · License #CalDRE #1456055
(951) 445-4503
Source:
Lee-associates
Added: Aug 15
Changed: Sep 18
Last Checked: Oct 5 at 5:34PM
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
Investment Insights
Based on property information with market context.
This office property includes two suites totaling 2,558 RSF, with the spaces available individually or together. Suite 3 contains 1,213 SF, while Suite 4 provides 1,345 SF. Both suites are currently leased, and either party may terminate the lease with 90 days' written notice.
Located at 27174 Newport Road in Menifee, California, the property supports multiple occupancy approaches through its separate suite configuration. An owner-user can occupy one suite while retaining the other for leasing, or both suites can be considered together.
Located at 27174 Newport Road in Menifee, California, the property supports multiple occupancy approaches through its separate suite configuration. An owner-user can occupy one suite while retaining the other for leasing, or both suites can be considered together.
Key Highlights
- Two office suites totaling 2,558 RSF
- Suite 3 measures 1,213 SF
- Suite 4 measures 1,345 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,980
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$679,600
$679.6K
Cap Rate 7%
$485,429
$485.4K
Cap Rate 9%
$377,556
$377.6K
Market Conditions
NOI Build-Up for 2,558 SF
Gross rent
$55.3K $21.60/SF
− Vacancy
−$9.9K −$3.89/SF
EGI
$45.3K $17.71/SF
− OpEx
−$11.3K −$4.43/SF
NOI
$34.0K $13.28/SF
Area
Menifee, CA
Vacancy
18.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$679,600
Cap Rate 7%
$485,429
Cap Rate 9%
$377,556
Alternative Uses
Best Use
Office B
$485.4K
$424.8K – $566.3K
NOI $33,980 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$648.3K
$567.3K – $756.4K
NOI $45,381 @ 7.0% cap · market cap 4.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
940
Businesses Nearby
Explore this area
Business Placement
Demographics for 92584, CA
55,517
Population
18,480
Households
3
Avg Household Size
36
Median Age
28%
College-Educated
92%
High-School Grad
29.1 sq mi
ZIP Area
1,908
Density / Sq Mi
$113,470
Median Household Income
$53,466
Median Earnings
$2,301
Median Rent
$562,100
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 Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - Currently leased office suites offer flexible occupancy or leasing options for an owner-user or investor.
Where is this office units located?
The property is located at 27174 Newport Road Menifee, CA.
What is the asking price?
The asking price for this property is $1,005,000.
What are key features of this property?
This property features: Two office suites totaling 2,558 RSF; Suite 3 measures 1,213 SF; Suite 4 measures 1,345 SF
