Medical-Ready Office
29995 Technology Drive Suite 301, Murrieta, CA 92563
For Sale
$750,000
Own a medical-allowed office suite with a private second entrance and views from the third floor.
Property Size1,994 SF
Days on Market147
Property Features for 29995 Technology Drive Suite 301
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Listing Agency:
Lee & Associates
Listed By:
Jim Nadal, CCIM · License CA #01040679
(951) 445-4520
Source:
Lee-associates
Added: Jun 18
Changed: Nov 6
Last Checked: Nov 10 at 7:45AM
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
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Investment Insights
Based on property information with market context.
This for-sale office suite is positioned on the third floor and includes features suited to medical office use, with medical uses stated as allowed. The suite also offers a rare second private entrance, adding convenience and privacy for patients, clients, and staff. Views from the third floor are noted as an additional amenity.
The property is located at 29995 Technology Drive in Murrieta, CA. It is identified as Suite 301, within a multi-tenant office setting, which can help support a professional day-to-day working environment.
For buyers seeking an office that accommodates medical use, the combination of medical-allowed eligibility and the presence of a second private entrance can support practical operations and controlled access. The third-floor orientation with views may also be appealing for professional offices that want a more elevated setting for day-to-day client engagement.
The property is located at 29995 Technology Drive in Murrieta, CA. It is identified as Suite 301, within a multi-tenant office setting, which can help support a professional day-to-day working environment.
For buyers seeking an office that accommodates medical use, the combination of medical-allowed eligibility and the presence of a second private entrance can support practical operations and controlled access. The third-floor orientation with views may also be appealing for professional offices that want a more elevated setting for day-to-day client engagement.
Key Highlights
- Medical uses allowed office suite
- Includes a private second entrance
- Third‑floor views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,690
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,800
$593.8K
Cap Rate 7%
$424,143
$424.1K
Cap Rate 9%
$329,889
$329.9K
Market Conditions
NOI Build-Up for 1,994 SF
Gross rent
$52.6K $26.40/SF
− Vacancy
−$3.2K −$1.58/SF
EGI
$49.5K $24.82/SF
− OpEx
−$19.8K −$9.93/SF
NOI
$29.7K $14.89/SF
Area
Murrieta, CA
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,800
Cap Rate 7%
$424,143
Cap Rate 9%
$329,889
Alternative Uses
Best Use
Healthcare Medical
$424.1K
$371.1K – $494.8K
NOI $29,690 @ 7.0% cap · market cap 3.96%
Second Best
Office B
$383.6K
$335.7K – $447.6K
NOI $26,853 @ 7.0% cap · market cap 3.58%
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.
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Location Intelligence
Trade Area within ½ mile
971
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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
$615,700
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Riverside County, CA
Properties on Market for Office Units in Riverside County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Own a medical-allowed office suite with a private second entrance and views from the third floor.
Where is this office unit located?
The property is located at 29995 Technology Drive Suite 301 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: Medical uses allowed office suite; Includes a private second entrance; Third‑floor views
