Neighborhood Shopping Center with
For Sale
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27365 JEFFERSON AVE, Temecula, CA 92590
Anchored retail center featuring a Starbucks drive-thru and Sherwin-Williams at a signalized intersection in a high-traffic retail corridor.
Property Size34,533 SF
Price / SF$393.83
Days on Market50
Property Features for 27365 JEFFERSON AVE
General Information
Standard status
Active
Size
34,533 SF
Total Parking Spaces
156
Property subtype
Retail
Zoning
C
Occupancy
92%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$834,459
Building Details
Year Built
1989
Year Renovated
2026
Buildings
5
Stories
1
Units
15
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Los Angeles
Listed By:
Ara Rostamian · License #CA 01814678
(213) 943-1781
Source:
Crexi
Added: Jul 16
Changed: Aug 15
Last Checked: Sep 1 at 1:06AM
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 Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
Plaza Seville is a neighborhood shopping center anchored by Starbucks and Sherwin-Williams, supported by a diverse mix of daily-needs and service-oriented tenants. The property includes a Starbucks drive-thru as an outparcel, positioned for heavy visibility and customer access.
The center sits at the signalized intersection of Jefferson Avenue and Via Montezuma, with multiple ingress/egress points. It benefits from strong commuter exposure near Rancho California Road (approximately 31,018 VPD) and about a half block from Winchester Road (approximately 46,813 VPD).
The surrounding area is anchored by major national and regional retailers including Costco, Target, Walmart, Home Depot, and Promenade Temecula. The offering is presented as a stabilized retail asset with an in-place tenant base and operational history, and it includes detailed local market support cited in the remarks.
The center sits at the signalized intersection of Jefferson Avenue and Via Montezuma, with multiple ingress/egress points. It benefits from strong commuter exposure near Rancho California Road (approximately 31,018 VPD) and about a half block from Winchester Road (approximately 46,813 VPD).
The surrounding area is anchored by major national and regional retailers including Costco, Target, Walmart, Home Depot, and Promenade Temecula. The offering is presented as a stabilized retail asset with an in-place tenant base and operational history, and it includes detailed local market support cited in the remarks.
Key Highlights
- Year built: 1989; anchored neighborhood shopping center with Starbucks and Sherwin‑Williams
- Starbucks drive‑thru outparcel with Placer.ai ranking in the top 11% nationwide and top 18% in California for customer visits and traffic volume
- Signalized intersection location at Jefferson Avenue and Via Montezuma with multiple ingress/egress points
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
$502,785
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
3.70%
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%
$10,055,700
$10.1M
Cap Rate 7%
$7,182,643
$7.2M
Cap Rate 9%
$5,586,500
$5.6M
Market Conditions
NOI Build-Up for 34,533 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
$762.5K $22.08/SF
− Vacancy
−$44.2K −$1.28/SF
EGI
$718.3K $20.80/SF
− OpEx
−$215.5K −$6.24/SF
NOI
$502.8K $14.56/SF
Area
Temecula, CA
Vacancy
5.80%
Lease Rate
$22.08 /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%
$10,055,700
Cap Rate 7%
$7,182,643
Cap Rate 9%
$5,586,500
Alternative Uses
Best Use
Retail
$7.18M
$6.28M – $8.38M
NOI $502,785 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.72M
$9.38M – $12.50M
NOI $750,289 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,411
Businesses Nearby
2k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
FedEx Office Print & Ship Center
Shops & Services
2,132 visits/mo
0.5 miles
Demographics for 92590, CA
4,840
Population
2,023
Households
2.4
Avg Household Size
40
Median Age
33%
College-Educated
91%
High-School Grad
54.4 sq mi
ZIP Area
89
Density / Sq Mi
$76,952
Median Household Income
$41,510
Median Earnings
$1,289
Median Rent
$1,201,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Los Amigos Shopping Center — 27911 Jefferson Ave, Temecula, CA 92590
- Jefferson Court — 27570-27576 Jefferson Ave, Temecula, CA 92590
- Rancho Temecula Center — 27715 Jefferson Ave Suite 114, Temecula, CA 92590
- Winchester Square Shopping Center — 27485 Jefferson Ave, Temecula, CA 92590
- InstaBitATM Bitcoin ATM — 41555 Winchester Rd, Temecula, CA 92590
Frequently Asked Questions
What type of property is this?
Shopping center - Anchored retail center featuring a Starbucks drive-thru and Sherwin-Williams at a signalized intersection in a high-traffic retail corridor.
Where is this shopping center located?
The property is located at 27365 JEFFERSON AVE Temecula, CA.
What is the asking price?
The asking price for this property is $13,600,000.
What are key features of this property?
This property features: Year built: 1989; anchored neighborhood shopping center with Starbucks and Sherwin‑Williams; Starbucks drive‑thru outparcel with Placer.ai ranking in the top 11% nationwide and top 18% in California for customer visits and traffic volume; Signalized intersection location at Jefferson Avenue and Via Montezuma with multiple ingress/egress points
