Industrial Warehouse with Storage
For Sale
Contact for pricing
3226 Franklin Ave, Riverside, CA 92507
Warehouse property with overhead loading, open-span space, and access to multiple regional freeways.
Property Size5,255 SF
Lot Size0.24 Acres
Price / SF$266.41
Days on Market262
Property Features for 3226 Franklin Ave
General Information
Standard status
Active
Size
5,255 SF
Lot size
0.24 Acres
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
16 ft
Clear Span
Yes
Drive-In Doors
2
Power
200 amps
Voltage
240 V
Three-Phase Power
Yes
Additional Details
Opportunity Zone
Yes
Listing Agency:
Ashwill Associates
(714) 456-0500
Listed By:
Kyle Williams · License #CA 02015940
(949) 293-6788
Source:
Moodyscre
Added: Dec 15, 2025
Changed: Aug 29
Last Checked: Aug 29 at 2:59PM
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 industrial warehouse contains 5,255 square feet on an approximately 0.24-acre site. The building offers a free-span warehouse layout, two GL doors, and an overhang storage yard. Warehouse clearance is approximately 16 feet, subject to confirmation.
Power is approximately 200 amps with 3-phase, 120/240V service, also subject to verification. The property is identified as being within an Opportunity Zone and provides access to the 91, 215, and 60 freeways. The address is 3226 Franklin Ave in Riverside, California.
Power is approximately 200 amps with 3-phase, 120/240V service, also subject to verification. The property is identified as being within an Opportunity Zone and provides access to the 91, 215, and 60 freeways. The address is 3226 Franklin Ave in Riverside, California.
Key Highlights
- 5,255‑square‑foot warehouse on an approximately 0.24‑acre industrial site
- Two GL doors and a free‑span warehouse layout
- Approximately 16' warehouse clearance, subject to confirmation
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
$78,578
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
5.61%
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%
$1,571,560
$1.6M
Cap Rate 7%
$1,122,543
$1.1M
Cap Rate 9%
$873,089
$873.1K
Market Conditions
NOI Build-Up for 5,255 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
$100.3K $19.08/SF
− Vacancy
−$7.8K −$1.49/SF
EGI
$92.4K $17.59/SF
− OpEx
−$13.9K −$2.64/SF
NOI
$78.6K $14.95/SF
Area
ZIP 92507
Vacancy
7.80%
Lease Rate
$19.08 /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%
$1,571,560
Cap Rate 7%
$1,122,543
Cap Rate 9%
$873,089
Alternative Uses
Best Use
Warehouse
$1.12M
$982.2K – $1.31M
NOI $78,578 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,067 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,299
Businesses Nearby
Well-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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- 99¢ Warehouse — Riverside, CA 92507
- Leeper Storage Facility — 2420 University Ave, Riverside, CA 92507
- Self Storage — 1445 University Ave, Riverside, CA 92507
- Packing House Self Storage — 3111 3rd St, Riverside, CA 92507
- Extra Space Storage — 3111 3rd St, Riverside, CA 92507
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property with overhead loading, open-span space, and access to multiple regional freeways.
Where is this warehouse located?
The property is located at 3226 Franklin Ave Riverside, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 5,255‑square‑foot warehouse on an approximately 0.24‑acre industrial site; Two GL doors and a free‑span warehouse layout; Approximately 16' warehouse clearance, subject to confirmation
