Freestanding Industrial
New
For Sale
$4,200,000
340 E Menlo Ave., Hemet, CA 92543
The clear-span facility includes new ESFR sprinklers and multiple grade-level doors.
Property Size25,677 SF
Days on Market4
Property Features for 340 E Menlo Ave.
General Information
Standard status
Active
Size
25,677 SF
Property subtype
Industrial
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
6
Sprinkler System
Yes
Building Details
Building Size
25,677 SF
Year Built
1972
Buildings
1
Listing Agency:
Lee & Associates - Riverside
Listed By:
Rocky Moran · License #CalDRE #01841701
(951) 276-3681
Source:
Lee-associates
Added: Sep 28
Changed: Sep 30
Last Checked: Sep 30 at 11:20AM
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 - Riverside
Investment Insights
Based on property information with market context.
This freestanding industrial building contains 16,200 square feet and offers 18' of clear height. Six grade-level doors support ground-level access, and the property has brand-new ESFR sprinklers.
The configuration is suited to trucking, manufacturing, building-material storage, vehicle storage, or contractor-yard use.
The configuration is suited to trucking, manufacturing, building-material storage, vehicle storage, or contractor-yard use.
Key Highlights
- 16,200‑square‑foot freestanding industrial building
- 18' clear height
- Six grade‑level doors
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
$256,039
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
6.10%
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%
$5,120,780
$5.1M
Cap Rate 7%
$3,657,700
$3.7M
Cap Rate 9%
$2,844,878
$2.8M
Market Conditions
NOI Build-Up for 25,677 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
$320.4K $12.48/SF
− Vacancy
−$19.2K −$0.75/SF
EGI
$301.2K $11.73/SF
− OpEx
−$45.2K −$1.76/SF
NOI
$256.0K $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%
$5,120,780
Cap Rate 7%
$3,657,700
Cap Rate 9%
$2,844,878
Alternative Uses
Best Use
Warehouse
$3.66M
$3.20M – $4.27M
NOI $256,039 @ 7.0% cap · market cap 6.10%
Second Best
Industrial
$3.01M
$2.64M – $3.51M
NOI $210,855 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$7.69M
$6.73M – $8.97M
NOI $538,468 @ 7.0% cap · market cap 12.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
18 ft
Clear height
6
Drive-in doors
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
749
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 92543, CA
39,323
Population
15,225
Households
2.6
Avg Household Size
37
Median Age
13%
College-Educated
75%
High-School Grad
19.1 sq mi
ZIP Area
2,059
Density / Sq Mi
$47,002
Median Household Income
$34,376
Median Earnings
$1,306
Median Rent
$250,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Similar Off Market Nearby
- Self-Storage at U-Haul — 380 N State St, Hemet, CA 92543
- Dawn To Dusk R.V. & Boat Storage — 779 N Buena Vista St, Hemet, CA 92543
- Cody Self Storage Facility — 1403 E Menlo Ave, Hemet, CA 92544
- Lockaway Storage Hemet — 1181 N State St, Hemet, CA 92543
- A-American Self Storage — 1220 N State St, Hemet, CA 92543
Frequently Asked Questions
What type of property is this?
Warehouse - The clear-span facility includes new ESFR sprinklers and multiple grade-level doors.
Where is this warehouse located?
The property is located at 340 E Menlo Ave. Hemet, CA.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 16,200‑square‑foot freestanding industrial building; 18' clear height; Six grade‑level doors
