Warehouse With Heavy-Duty
For Sale
$3,250,000
30100 Maxine, Menifee, CA 92584
Warehouse property paired with a custom-built residence, offering live-work functionality and storage-oriented land use.
Property Size7,200 SF
Lot Size10.00 Acres
Price / SF$451.39
Days on Market27
Property Features for 30100 Maxine
General Information
Standard status
Active
Size
7,200 SF
Lot size
10.00 Acres
Property subtype
Commercial
Warehouse & Industrial
Warehouse Space
7,200 SF
Drive-In Doors
4
Building Details
Year Built
1999
Building Size
7,200 SF
Listing Agency:
Keller Williams Realty Riv
(951) 226-5454
Listed By:
Tonja Bambrook (tonjasells@yahoo.com)
Source:
Mrmurrieta
Added: Aug 3
Changed: Aug 29
Last Checked: Aug 29 at 1:27PM
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 Keller Williams Realty Riv
Investment Insights
Based on property information with market context.
This warehouse property includes a 7,200-square-foot workshop on 10 acres, along with a custom-built home completed in 1999. The workshop measures 60 by 120 feet and has two 14-foot roll-up doors and two additional 10-foot roll-up doors. Reinforced stamped-concrete flooring accommodates semi-truck or heavy-equipment parking, and the structure was constructed for potential two-story use. The residence provides four bedrooms, 3.5 bathrooms, an expansive open floor plan, a rock fireplace, and a large kitchen with double ovens, a cooktop, a downdraft, and a dishwasher. Recent improvements include a tile roof, tile wood-like flooring, and interior and exterior paint.
The property is in Riverside County and was recently rezoned for storage parking. Five entryways provide access to the property, while a serviced septic system and propane support the existing improvements. The site is also identified as horse property and includes potential indoor-barn functionality within the workshop.
The property is in Riverside County and was recently rezoned for storage parking. Five entryways provide access to the property, while a serviced septic system and propane support the existing improvements. The site is also identified as horse property and includes potential indoor-barn functionality within the workshop.
Key Highlights
- 7,200‑square‑foot workshop on 10 acres
- Workshop measures 60x120 feet
- Two 14‑foot‑high and two 10‑foot roll‑up doors
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
$100,440
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
3.09%
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%
$2,008,800
$2.0M
Cap Rate 7%
$1,434,857
$1.4M
Cap Rate 9%
$1,116,000
$1.1M
Market Conditions
NOI Build-Up for 7,200 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
$172.8K $24.00/SF
− Vacancy
−$12.1K −$1.68/SF
EGI
$160.7K $22.32/SF
− OpEx
−$60.3K −$8.37/SF
NOI
$100.4K $13.95/SF
Area
Menifee, 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 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%
$2,008,800
Cap Rate 7%
$1,434,857
Cap Rate 9%
$1,116,000
Alternative Uses
Best Use
Mixed Use
$1.43M
$1.26M – $1.67M
NOI $100,440 @ 7.0% cap · market cap 3.09%
Second Best
Office B
$1.37M
$1.20M – $1.59M
NOI $95,645 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$1.82M
$1.60M – $2.13M
NOI $127,734 @ 7.0% cap · market cap 3.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Drive-in doors
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92584, CA
55,517
Population
18,480
Households
3
Avg Household Size
36
Median Age
28%
College-Educated
92%
High-School Grad
29.1 sq mi
ZIP Area
1,908
Density / Sq Mi
$113,470
Median Household Income
$53,466
Median Earnings
$2,301
Median Rent
$562,100
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?
Warehouse - Warehouse property paired with a custom-built residence, offering live-work functionality and storage-oriented land use.
Where is this warehouse located?
The property is located at 30100 Maxine Menifee, CA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: 7,200‑square‑foot workshop on 10 acres; Workshop measures 60x120 feet; Two 14‑foot‑high and two 10‑foot roll‑up doors
