Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    32097 Corydon Rd Lake Elsinore, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Industrial building with office space and quick freeway access.

    Type:INDUSTRIAL
    Property size:
    18,092 SF
    Lot size:
    1.69 Acres
    Added:
    Mar 28, 2025
    Days on Market:
    378
    Last Refresh:
    Apr 5 at 8:20 pm

    Property Features for 32097 Corydon Rd

    General Information

    Standard status
    Active
    Size
    18,092 SF
    Lot size
    1.69 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 32097 Corydon Rd Contact us

    We can help!

    Listing Contact
    Trent Kimsey
    Trent Kimsey

    Listing agent Trent Kimsey License #02066678

    Listing office Lee & Associates

    Listing date Mar 28, 2025

    Source Moodyscre

    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

    Overview

    Industrial Building Near 15 Fwy

    This industrial building offers 32,362 square feet of space, including 3,810 square feet of office/mezzanine area. The building features 200 amp, 120/208 volt power and a 20' clear height. The property provides quick access to the 15 Freeway.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Similar Places Nearby

    • Lakeside Self Storage — 31941 Corydon Rd, Lake Elsinore, CA 92530
    • Bundy Canyon RV & Boat Storage — 34095 Orchard St, Wildomar, CA 92595
    • Bundy Canyon RV & Boat Storage — 21592 Bundy Canyon Rd, Wildomar, CA 92595
    • SWS Storage — 33868 Mission Trail, Wildomar, CA 92595
    • Wildomar Self Storage & RV — 33868 Mission Trail, Wildomar, CA 92595

    Map

    City
    Lake Elsinore
    County
    Riverside
    State
    California
    Longitude
    -117.327
    Latitude
    33.6681

    Nearby Similar for Lease

    • Contact for pricing

      Lake Elsinore Commercial Office Space

      Conveniently located office space with flexible rental options.
      31571 Canyon Estates Drive, Lake Elsinore, CA 92532
      View Details
    • $1.45/mo

      Second Floor Office Space Available

      Office space for rent with flexible layout and ample parking.
      31461 Riverside Dr, Lake Elsinore, CA 92530
      View Details
    • $1.60/mo

      Lake Elsinore Office Space

      Office space available in Lake Elsinore, California.
      600 Central Ave, Bldg C-G, Lake Elsinore, CA
      View Details
    • $1.75/mo

      Office Space with Signage Available

      Office space for rent with signage and highway access.
      600 Central Ave Ste G, Lake Elsinore, CA 92530
      View Details
    • $2.00/mo

      Anchored Retail Center For Lease

      Neighborhood shopping center anchored by Cardenas Market.
      31928-31960 Mission Trail, Lake Elsinore, CA 92530
      View Details
    • $0.75/mo

      Warehouse and Office Space Available

      Warehouse and office space with quick freeway access.
      32097 Corydon St., Lake Elsinore, CA 92530
      View Details
    • $1.50/mo

      Retail and Restaurant Space Available

      In-line retail and restaurant space for rent on Casino Drive.
      31712-31724 Casino Drive, Lake Elsinore, CA 92530
      View Details
    • $13/mo

      Freeway Exposure Flex Space

      Flex space with freeway exposure, available July 1, 2025.
      18451 Collier Avenue Suite B, Lake Elsinore, CA 92530
      View Details
    • $1.75/mo

      Retail Space with Freeway Frontage

      Retail space featuring freeway frontage, water and trash included.
      271 San Jacinto River Rd, Lake Elsinore, CA
      View Details
    • Contact for pricing

      Industrial Warehouse Near I-15 Freeway

      Industrial warehouse space for lease near I-15 in Lake Elsinore.
      31877 Corydon Rd., Lake Elsinore, CA 92530
      View Details
    • Contact for pricing

      Lake Elsinore Office Building

      8,556 SF office building in Lake Elsinore, CA.
      31772 Casino Dr., Lake Elsinore, CA 92530
      View Details
    • Contact for pricing

      Retail Space in Neighborhood Center

      Retail spaces available for lease in a neighborhood center.
      29996-29997 Canyon Hills Rd. & 25341-25346 Railroad Canyon Rd., Lake Elsinore, CA 92530
      View Details

    FAQs

    What type of property is this?
    Warehouse - Industrial building with office space and quick freeway access.
    Where is this warehouse located?
    The property is located at 32097 Corydon Rd Lake Elsinore, CA.
    What are key features of this property?
    This property features: Quick access to 15 Fwy; **32,362 SF Building**; 3,810 SF Office/Mezzanine
    (951) 901-9195 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Trent Kimsey
    Trent Kimsey
    Real Estate License ID: 02066678
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!