Third-Floor Office
For Sale
Contact for pricing
29995 Technology Dr, Murrieta, CA 92563
Third-floor office condo with a private secondary entrance and executive office layout.
Property Size1,994 SF
Price / SF$376.13
Days on Market45
Property Features for 29995 Technology Dr
General Information
Standard status
Active
Size
1,994 SF
Elevators
Yes
Property subtype
OFFICE
Additional Details
Floor
3
Amenities
reception
lobby
private offices
conference room
coffee bar with sink
Listing Agency:
Lee & Associates
(951) 445-4520
Listed By:
Jim Nadal · License #01040679
(951) 445-4520
Source:
Moodyscre
Added: Jun 16
Changed: Jul 30
Last Checked: Jul 30 at 9:59AM
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 Lee & Associates
Investment Insights
Based on property information with market context.
This third-floor office condo offers an efficient executive/professional configuration with a reception area, lobby, and a main entrance positioned directly across the elevator lobby. A rare secondary private entrance provides additional access and arrival flexibility.
Inside, the unit includes five private offices, a large conference room, and a coffee bar with a sink, supporting both client meetings and daily office operations.
The space totals 1,994 square feet and is designed around a practical mix of collaborative and private work areas, making it well-suited for professional teams seeking a polished, self-contained office setting.
Inside, the unit includes five private offices, a large conference room, and a coffee bar with a sink, supporting both client meetings and daily office operations.
The space totals 1,994 square feet and is designed around a practical mix of collaborative and private work areas, making it well-suited for professional teams seeking a polished, self-contained office setting.
Key Highlights
- 1,994 SF third‑floor office condo
- Reception and lobby with main entrance across the elevator lobby
- Rare secondary private entrance
Financial Insights For Office B
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 | $39.0k | $19.56 |
| − Vacancy | −$3.2k | −$1.60 |
| EGI | $35.8k | $17.96 |
| − OpEx | −$9.0k | −$4.49 |
| NOI | $26.9k | $13.47 |
1,994 SF · lease $19.56/SF/yr · vacancy 8.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$383.6K
$335.7K – $447.6K
NOI $26,853 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$629.9K
$551.2K – $734.9K
NOI $44,093 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
897
Businesses Nearby
Explore this area
Business Placement
Demographics for 92563, CA
73,224
Population
24,020
Households
3
Avg Household Size
35
Median Age
33%
College-Educated
93%
High-School Grad
22.6 sq mi
ZIP Area
3,240
Density / Sq Mi
$118,519
Median Household Income
$51,772
Median Earnings
$2,588
Median Rent
$615,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Third-floor office condo with a private secondary entrance and executive office layout.
Where is this office units located?
The property is located at 29995 Technology Dr Murrieta, CA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 1,994 SF third‑floor office condo; Reception and lobby with main entrance across the elevator lobby; Rare secondary private entrance
