Warehouse with Dock High
For Sale
Contact for pricing
28381 Vincent Moraga Dr, Temecula, CA 92590
Freestanding industrial building offering office space, 11 dock high doors, and 40'-43' clear height with outside storage option.
Property Size109,741 SF
Price / SF$210
Days on Market220
Property Features for 28381 Vincent Moraga Dr
General Information
Standard status
Active
Size
109,741 SF
Total Parking Spaces
108
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
43 ft
Dock-High Doors
11
Drive-In Doors
1
Additional Details
Business Included
No
Outdoor Storage
Yes
Listing Agency:
Cushman & Wakefield | San Diego
(858) 452-6500
Listed By:
Brant Aberg · License #01773573
(858) 546-5464
Source:
Moodyscre
Added: Feb 10
Changed: Sep 15
Last Checked: Sep 16 at 1:13PM
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 Cushman & Wakefield | San Diego
Investment Insights
Based on property information with market context.
This freestanding industrial building includes 15,841 SF of office space alongside warehouse improvements designed for loading and distribution. The facility provides 108 auto parking stalls and features 40'-43' clear height to support a range of warehousing and light industrial operations. Loading includes 11 dock high doors and 1 grade level loading door, with an option for outside storage.
The property is located at 28381 Vincent Moraga Dr, Temecula, CA 92590.
The overall configuration combines office space with substantial warehouse capacity, making it suitable for users who need on-site administrative space and functional loading access.
The property is located at 28381 Vincent Moraga Dr, Temecula, CA 92590.
The overall configuration combines office space with substantial warehouse capacity, making it suitable for users who need on-site administrative space and functional loading access.
Key Highlights
- 15,841 SF freestanding building with 14% office space
- 40'-43' clear height
- 11 dock high doors plus 1 grade level loading door
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
$1,239,667
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
5.38%
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%
$24,793,340
$24.8M
Cap Rate 7%
$17,709,529
$17.7M
Cap Rate 9%
$13,774,078
$13.8M
Market Conditions
NOI Build-Up for 109,741 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
$1.58M $14.40/SF
− Vacancy
−$121.8K −$1.11/SF
EGI
$1.46M $13.29/SF
− OpEx
−$218.8K −$1.99/SF
NOI
$1.24M $11.30/SF
Area
Temecula, CA
Vacancy
7.71%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
15.00%
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%
$24,793,340
Cap Rate 7%
$17,709,529
Cap Rate 9%
$13,774,078
Alternative Uses
Best Use
Warehouse
$17.71M
$15.50M – $20.66M
NOI $1,239,667 @ 7.0% cap · market cap 5.38%
Second Best
Industrial
$14.58M
$12.76M – $17.02M
NOI $1,020,902 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$34.06M
$29.80M – $39.74M
NOI $2,384,312 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
43 ft
Clear height
11
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
3,078
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Freestanding industrial building offering office space, 11 dock high doors, and 40'-43' clear height with outside storage option.
Where is this flex space located?
The property is located at 28381 Vincent Moraga Dr Temecula, CA.
What is the asking price?
The asking price for this property is $23,045,610.
What are key features of this property?
This property features: 15,841 SF freestanding building with 14% office space; 40'-43' clear height; 11 dock high doors plus 1 grade level loading door
