Renovated Freestanding Flex
New
For Sale
Contact for pricing
3133 Mission Inn Ave, Riverside, CA 92507
Single-story office and warehouse configuration with contractor-yard use grandfathered in place.
Property Size37,000 SF
Price / SF$214.86
Days on Market6
Property Features for 3133 Mission Inn Ave
General Information
Standard status
Active
Size
37,000 SF
Property subtype
INDUSTRIAL
Listing Agency:
Ashwill Associates
(949) 293-6788
Listed By:
Kyle Williams · License #CA 02015940
(949) 293-6788
Source:
Moodyscre
Added: Aug 10
Changed: Aug 14
Last Checked: Aug 14 at 4:17AM
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 Ashwill Associates
Investment Insights
Based on property information with market context.
This freestanding flex property at 3133 Mission Inn Ave in Riverside combines 22,200 SF of fully renovated, single-floor office space with warehouse improvements. The building includes eight grade-level doors and 20-foot warehouse clearance, supporting a range of operational requirements within the existing configuration.
The property also carries a grandfathered use for a contractors yard, with additional details available for review. Reported building infrastructure includes 800 amps, 240-volt, three-phase power, subject to verification. The overall property size is 37,000 square feet.
The property also carries a grandfathered use for a contractors yard, with additional details available for review. Reported building infrastructure includes 800 amps, 240-volt, three-phase power, subject to verification. The overall property size is 37,000 square feet.
Key Highlights
- 22,200 SF of fully renovated, single‑floor office space
- Eight (8) GL doors for warehouse access
- 20' warehouse clearance
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
$700,549
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
8.81%
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%
$14,010,980
$14.0M
Cap Rate 7%
$10,007,843
$10.0M
Cap Rate 9%
$7,783,878
$7.8M
Market Conditions
NOI Build-Up for 37,000 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
$999.0K $27.00/SF
− Vacancy
−$64.9K −$1.76/SF
EGI
$934.1K $25.25/SF
− OpEx
−$233.5K −$6.31/SF
NOI
$700.5K $18.93/SF
Area
ZIP 92507
Vacancy
6.50%
Lease Rate
$27.00 /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%
$14,010,980
Cap Rate 7%
$10,007,843
Cap Rate 9%
$7,783,878
Alternative Uses
Best Use
Office B
$10.01M
$8.76M – $11.68M
NOI $700,549 @ 7.0% cap · market cap 8.81%
Second Best
Warehouse
$7.90M
$6.92M – $9.22M
NOI $553,261 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$12.68M
$11.10M – $14.79M
NOI $887,627 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,317
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92507, CA
63,191
Population
19,739
Households
3.2
Avg Household Size
28
Median Age
32%
College-Educated
84%
High-School Grad
21.4 sq mi
ZIP Area
2,953
Density / Sq Mi
$72,367
Median Household Income
$31,961
Median Earnings
$1,780
Median Rent
$503,000
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 - Single-story office and warehouse configuration with contractor-yard use grandfathered in place.
Where is this flex space located?
The property is located at 3133 Mission Inn Ave Riverside, CA.
What is the asking price?
The asking price for this property is $7,950,000.
What are key features of this property?
This property features: 22,200 SF of fully renovated, single‑floor office space; Eight (8) GL doors for warehouse access; 20' warehouse clearance
