Perris Industrial Warehouse For
For Sale
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3091 Indian Ave, Perris, CA 92571
Industrial warehouse in Perris, CA, ideal for logistics.
Property Size18,058 SF
Price / SF$304.57
Days on Market206
Property Features for 3091 Indian Ave
General Information
Standard status
Active
Size
18,058 SF
Property subtype
Industrial
Listing Agency:
Avison Young - Inland Empire
Listed By:
Cody Lerner · License #CA 01996499
Source:
Crexi
Added: Jan 27
Changed: Aug 14
Last Checked: Aug 21 at 12:02PM
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 Avison Young - Inland Empire
Investment Insights
Based on property information with market context.
The property at 3091 Indian Avenue, Perris, CA, is located in the Inland Empire East, a logistics market in Southern California. It provides access to Interstate 215, with connectivity to SR-60 and SR-91. The facility is designed for industrial users or owner-users and features a warehouse layout suitable for distribution, logistics, and light manufacturing. The property size is 18058 square feet.
Key Highlights
- Strategic location in the Inland Empire East, a premier logistics market.
- Convenient access to Interstate 215.
- Connectivity to SR‑60 and SR‑91.
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
$180,066
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
3.27%
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%
$3,601,320
$3.6M
Cap Rate 7%
$2,572,371
$2.6M
Cap Rate 9%
$2,000,733
$2.0M
Market Conditions
NOI Build-Up for 18,058 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
$225.4K $12.48/SF
− Vacancy
−$13.5K −$0.75/SF
EGI
$211.8K $11.73/SF
− OpEx
−$31.8K −$1.76/SF
NOI
$180.1K $9.97/SF
Area
Riverside County, CA
Vacancy
6.00%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
15.00%
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%
$3,601,320
Cap Rate 7%
$2,572,371
Cap Rate 9%
$2,000,733
Alternative Uses
Best Use
Warehouse
$2.57M
$2.25M – $3.00M
NOI $180,066 @ 7.0% cap · market cap 3.27%
Second Best
Industrial
$2.12M
$1.85M – $2.47M
NOI $148,289 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$5.41M
$4.73M – $6.31M
NOI $378,691 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
247
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92571, CA
59,450
Population
14,792
Households
4
Avg Household Size
29
Median Age
12%
College-Educated
70%
High-School Grad
39.1 sq mi
ZIP Area
1,520
Density / Sq Mi
$85,746
Median Household Income
$37,465
Median Earnings
$2,005
Median Rent
$430,800
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- StorAmerica Self Storage — 2926 N Perris Blvd, Perris, CA 92571
- Perris Self Storage — 3010 n perris blvd, perris, ca 92571
- Prime Storage — 3010 N Perris Blvd, Perris, CA 92571
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse in Perris, CA, ideal for logistics.
Where is this warehouse located?
The property is located at 3091 Indian Ave Perris, CA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Strategic location in the Inland Empire East, a premier logistics market.; Convenient access to Interstate 215.; Connectivity to SR‑60 and SR‑91.
