Corner Industrial Development
For Sale
$599,000
27701 State St, Perris, CA 92570
Fenced, utilities-served corner lot with an existing steel building and strong highway exposure.
Property Size2,730 SF
Lot Size1.00 Acre
Price / SF$219.41
Days on Market65
Property Features for 27701 State St
General Information
Standard status
Active
Size
2,730 SF
Lot size
1.00 Acre
Property subtype
Land
Additional Details
Fenced Yard
Yes
Listing Agency:
Drive Real Estate, Inc.
(951) 796-7544
Listed By:
Ryan Orr · License #01882095
(951) 796-7544
Source:
Exprealty
Added: May 30
Changed: Jul 10
Last Checked: Jul 31 at 4:46PM
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.
The offering is a corner commercial land site with a large 2,730 square foot steel building. The property is fully fenced and includes a 30-foot wide power gate, with power and water available on-site. This configuration supports a range of industrial and storage uses where secure access and yard control are important.
The site is located directly along Highway 74 and is described as having high visibility and prominent frontage. Public remarks also indicate it sits within an economic development corridor and is positioned between the I-15 and I-215 freeways, supporting convenient regional access.
For buyers and operators, the combination of a fenced yard, utilities, and a substantial steel building can streamline setup for logistics, contractor storage, or other industrial uses that benefit from secure drive-in access. The highway frontage and corner positioning are also features that can help improve day-to-day accessibility for staff, deliveries, and service traffic.
The site is located directly along Highway 74 and is described as having high visibility and prominent frontage. Public remarks also indicate it sits within an economic development corridor and is positioned between the I-15 and I-215 freeways, supporting convenient regional access.
For buyers and operators, the combination of a fenced yard, utilities, and a substantial steel building can streamline setup for logistics, contractor storage, or other industrial uses that benefit from secure drive-in access. The highway frontage and corner positioning are also features that can help improve day-to-day accessibility for staff, deliveries, and service traffic.
Key Highlights
- Nearly 1‑acre fenced corner lot with direct frontage along heavily traveled Highway 74
- Includes a 2,730 SF steel building
- Utilities on site include power and water
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
Industrial
$320.3K
$280.2K – $373.6K
NOI $22,418 @ 7.0% cap · market cap 3.74%
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
721
Businesses Nearby
Explore this area
Business Placement
Demographics for 92570, CA
59,015
Population
15,590
Households
3.8
Avg Household Size
32
Median Age
10%
College-Educated
68%
High-School Grad
106.3 sq mi
ZIP Area
555
Density / Sq Mi
$77,570
Median Household Income
$34,671
Median Earnings
$1,461
Median Rent
$419,800
Median Home Value
Market
Properties on Market for Commercial land in Riverside County
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Fenced, utilities-served corner lot with an existing steel building and strong highway exposure.
Where is this commercial land located?
The property is located at 27701 State St 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 fenced corner lot with direct frontage along heavily traveled Highway 74; Includes a 2,730 SF steel building; Utilities on site include power and water
