Auto Shop Property with Fire
For Sale
$250,000
27682 US Highway 74, Menifee, CA 92585
For sale auto shop previously used as a tire shop, with reported fire damage and utilities listed as unknown.
Property Size2,022 SF
Price / SF$123.64
Days on Market70
Property Features for 27682 US Highway 74
General Information
Standard status
Active
Size
2,022 SF
Property subtype
Retail
Listing Agency:
Khorr Realty
(310) 242-5990
Listed By:
Aaron Gray · License #01411295
Source:
Xome
Added: May 31
Changed: Jul 10
Last Checked: Aug 7 at 1:50AM
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 Khorr Realty
Investment Insights
Based on property information with market context.
This property is an auto shop/automotive commercial building previously used as a tire shop. Public remarks indicate some fire damage, and the condition beyond that is not fully specified. Utilities are listed as unknown, and square footage and other key details are not guaranteed; buyers are advised to confirm all information through independent due diligence.
The property is offered as part of a probate process and is located at 27682 US Highway 74, Menifee, CA 92585. The available remarks emphasize that broker and agents do not represent or guarantee the accuracy of recorded measurements or related financial and condition information, including development potential.
For prospective buyers and automotive operators, this presents a repair-and-repurpose scenario for an auto-related use, subject to verification of the extent of damage and the ability to restore operations. Because utilities status and key factual details are not confirmed in the provided information, any tenanting or operating plan should be supported by on-site inspection and appropriate professional review prior to closing.
The property is offered as part of a probate process and is located at 27682 US Highway 74, Menifee, CA 92585. The available remarks emphasize that broker and agents do not represent or guarantee the accuracy of recorded measurements or related financial and condition information, including development potential.
For prospective buyers and automotive operators, this presents a repair-and-repurpose scenario for an auto-related use, subject to verification of the extent of damage and the ability to restore operations. Because utilities status and key factual details are not confirmed in the provided information, any tenanting or operating plan should be supported by on-site inspection and appropriate professional review prior to closing.
Key Highlights
- Auto shop previously used as a tire shop
- Reported fire damage
- Utilities are unknown
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
$18,810
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
7.52%
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%
$376,200
$376.2K
Cap Rate 7%
$268,714
$268.7K
Cap Rate 9%
$209,000
$209.0K
Market Conditions
NOI Build-Up for 2,022 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
$29.1K $14.40/SF
− Vacancy
−$2.2K −$1.11/SF
EGI
$26.9K $13.29/SF
− OpEx
−$8.1K −$3.99/SF
NOI
$18.8K $9.30/SF
Area
Menifee, CA
Vacancy
7.71%
Lease Rate
$14.40 /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%
$376,200
Cap Rate 7%
$268,714
Cap Rate 9%
$209,000
Alternative Uses
Best Use
Retail
$427.7K
$374.2K – $499.0K
NOI $29,939 @ 7.0% cap · market cap 11.98%
Second Best
Industrial
$268.7K
$235.1K – $313.5K
NOI $18,810 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$512.5K
$448.4K – $597.9K
NOI $35,872 @ 7.0% cap · market cap 14.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
Well-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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - For sale auto shop previously used as a tire shop, with reported fire damage and utilities listed as unknown.
Where is this auto shop located?
The property is located at 27682 US Highway 74 Menifee, CA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Auto shop previously used as a tire shop; Reported fire damage; Utilities are unknown
