Industrial Land with Steel
27701 State Highway 74 Perris, CA 92570
27701 State Highway 74, Perris, CA, 92570
Contact for pricing
For Sale
Contact for pricing
Fully fenced corner lot with utilities and a steel building, accessed via a 30-foot power gate.
Property Size2,730 SF
Price / SF$219.41
Days on Market53
Property Features for 27701 State Highway 74
General Information
- Standard status
- Active
- Size
- 2,730 SF
- Property subtype
- Land
Listing agency
Drive Real Estate, Inc.
(951) 757-9199
Listed by
Ryan Orr · License #01882095
Source
Crexi
Added: May 30 Updated: Jul 21 at 5:24PM Checked: Jul 21 at 5:24PM
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 Drive Real Estate, Inc.
Investment Insights
Based on property information with market context.
This industrial property features a large steel building of 2,730 square feet situated on a nearly one-acre, fully fenced corner lot. The site has power and water service and includes a 30-foot wide power gate providing controlled access.
The property is located at 27701 State Highway 74 in Perris, CA 92570, positioned directly along Highway 74 for high visibility. It is described as being within an economic development corridor and ideally located between the I-15 and 215 freeways.
As presented, the combination of a steel building and a fenced, utility-equipped yard supports flexible site use for industrial users seeking dependable access and perimeter control.
The property is located at 27701 State Highway 74 in Perris, CA 92570, positioned directly along Highway 74 for high visibility. It is described as being within an economic development corridor and ideally located between the I-15 and 215 freeways.
As presented, the combination of a steel building and a fenced, utility-equipped yard supports flexible site use for industrial users seeking dependable access and perimeter control.
Key Highlights
- Nearly 1‑acre corner lot on a high‑visibility, heavily traveled Highway 74 with prominent frontage
- Includes a large 2,730 SF steel building
- Site has power and water available
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.1k | $12.48 |
| − Vacancy | −$2.0k | −$0.75 |
| EGI | $32.0k | $11.73 |
| − OpEx | −$4.8k | −$1.76 |
| NOI | $27.2k | $9.97 |
2,730 SF · lease $12.48/SF/yr · vacancy 6.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$388.9K
$340.3K – $453.7K
NOI $27,222 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$817.9K
$715.6K – $954.2K
NOI $57,250 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Industrial land
Similar For Sale Nearby
FAQs
What type of property is this?
Industrial land - Fully fenced corner lot with utilities and a steel building, accessed via a 30-foot power gate.
Where is this industrial land located?
The property is located at 27701 State Highway 74 Perris, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Nearly 1‑acre corner lot on a high‑visibility, heavily traveled Highway 74 with prominent frontage; Includes a large 2,730 SF steel building; Site has power and water available
