Freestanding Flex Industrial
For Sale
$8,399,999
3070 Myers, Riverside, CA 92503
Fenced commercial facility with warehouse, administrative offices, loading infrastructure, and BMP zoning near the CA-91 corridor.
Property Size30,555 SF
Lot Size2.50 Acres
Price / SF$274.91
Days on Market10
Property Features for 3070 Myers
General Information
Standard status
Active
Size
30,555 SF
Lot size
2.50 Acres
Property subtype
Industrial
Zoning
BMP
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
18 ft
Clear Span
Yes
Office Build-Out
5,460 SF
Drive-In Doors
8
Power
400 amps
Voltage
480 V
Three-Phase Power
Yes
Heavy Power
Yes
Sprinkler System
Yes
Amenities
None, Central Air
Building Details
Year Built
1968
Buildings
1
Building Size
30,555 SF
Listing Agency:
HAVEN ROBLEDO REALTY
(909) 979-2057
Listed By:
HUGO MAZARIEGO-SALAZAR · License #02067607
Source:
Xome
Added: Aug 22
Changed: Aug 30
Last Checked: Aug 30 at 2:55PM
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 HAVEN ROBLEDO REALTY
Investment Insights
Based on property information with market context.
Built in 1968, this freestanding flex facility combines a clear-span warehouse with approximately 5,460 square feet of administrative office space. The office component includes private offices, conference areas, and employee restrooms. Warehouse improvements include 18-foot clear heights, skylights, an upgraded fire suppression system rated at .30/2,500 GPM, and 400 Amps of 277/480 Volt electrical service.
The property occupies a fully fenced 2.5-acre parcel at 3070 Myers in Riverside. Eight ground-level loading doors support freight movement, and the facility includes a potential truck well. Zoning is BMP, or Business and Manufacturing Park, with access to Van Buren Boulevard and the CA-91 Freeway corridor.
The property occupies a fully fenced 2.5-acre parcel at 3070 Myers in Riverside. Eight ground-level loading doors support freight movement, and the facility includes a potential truck well. Zoning is BMP, or Business and Manufacturing Park, with access to Van Buren Boulevard and the CA-91 Freeway corridor.
Key Highlights
- Fully fenced 2.5‑acre parcel in Riverside
- Eight ground‑level loading doors plus a potential truck well
- 18‑foot clear‑span warehouse ceiling height
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
$561,430
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
6.68%
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%
$11,228,600
$11.2M
Cap Rate 7%
$8,020,429
$8.0M
Cap Rate 9%
$6,238,111
$6.2M
Market Conditions
NOI Build-Up for 30,555 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
$806.7K $26.40/SF
− Vacancy
−$58.1K −$1.90/SF
EGI
$748.6K $24.50/SF
− OpEx
−$187.1K −$6.12/SF
NOI
$561.4K $18.37/SF
Area
ZIP 92503
Vacancy
7.20%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$11,228,600
Cap Rate 7%
$8,020,429
Cap Rate 9%
$6,238,111
Alternative Uses
Best Use
Office B
$8.02M
$7.02M – $9.36M
NOI $561,430 @ 7.0% cap · market cap 6.68%
Second Best
Warehouse
$6.53M
$5.71M – $7.61M
NOI $456,889 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$10.47M
$9.16M – $12.22M
NOI $733,012 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
8
Drive-in doors
Yes
Heavy power
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
794
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92503, CA
90,011
Population
25,802
Households
3.5
Avg Household Size
35
Median Age
21%
College-Educated
81%
High-School Grad
34.3 sq mi
ZIP Area
2,624
Density / Sq Mi
$91,523
Median Household Income
$42,150
Median Earnings
$1,801
Median Rent
$556,300
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?
Flex space - Fenced commercial facility with warehouse, administrative offices, loading infrastructure, and BMP zoning near the CA-91 corridor.
Where is this flex space located?
The property is located at 3070 Myers Riverside, CA.
What is the asking price?
The asking price for this property is $8,399,999.
What are key features of this property?
This property features: Fully fenced 2.5‑acre parcel in Riverside; Eight ground‑level loading doors plus a potential truck well; 18‑foot clear‑span warehouse ceiling height
