Old Town Temecula Multi-Use
For Sale
$4,990,000
Pending
28975 Old Town Front Street, Temecula, CA 92590
Multi-use building in the heart of Old Town Temecula.
Property Size14,500 SF
Days on Market894
Property Features for 28975 Old Town Front Street
General Information
Standard status
Pending
Size
14,500 SF
Total Parking Spaces
50
Property subtype
Commercial Sale / Mixed Use
Building Details
Year Built
2005
Buildings
1
Listing Agency:
KW The Lakes
Listed By:
Sofia Chacon · License #01763659
(951) 258-5245
Source:
Compass
Added: May 1, 2024
Changed: Oct 3
Last Checked: Oct 9 at 10:51PM
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 KW The Lakes
Investment Insights
Based on property information with market context.
Located in the heart of historic Old Town Temecula, this multi-use building presents an opportunity for investors and entrepreneurs. The building features a flexible layout suitable for a variety of businesses, including retail space, offices, or a combination of uses. The layout can be tailored to suit specific needs. The property is located within Old Town Temecula's community of local merchants, artisans, and entrepreneurs.
Key Highlights
- Prime location in the heart of historic Old Town Temecula.
- Multi‑use building suitable for investors and entrepreneurs.
- Flexible layout adaptable for retail, office, or mixed‑use.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$202,275
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,045,500
$4.0M
Cap Rate 7%
$2,889,643
$2.9M
Cap Rate 9%
$2,247,500
$2.2M
Market Conditions
NOI Build-Up for 14,500 SF
Gross rent
$348.0K $24.00/SF
− Vacancy
−$24.4K −$1.68/SF
EGI
$323.6K $22.32/SF
− OpEx
−$121.4K −$8.37/SF
NOI
$202.3K $13.95/SF
Area
Temecula, CA
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,045,500
Cap Rate 7%
$2,889,643
Cap Rate 9%
$2,247,500
Alternative Uses
Best Use
Mixed Use
$2.89M
$2.53M – $3.37M
NOI $202,275 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.50M
$3.94M – $5.25M
NOI $315,037 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
728
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-use building in the heart of Old Town Temecula.
Where is this mixed-use property located?
The property is located at 28975 Old Town Front Street Temecula, CA.
What is the asking price?
The asking price for this property is $4,990,000.
What are key features of this property?
This property features: Prime location in the heart of historic Old Town Temecula.; Multi‑use building suitable for investors and entrepreneurs.; Flexible layout adaptable for retail, office, or mixed‑use.
