9-Unit Flex Space
For Sale
Contact for pricing
3450 Tanya Ave Portfolio, Hemet, CA 92545
100% leased 9-unit flex property with 200-amp power and reinforced concrete parking.
Property Size13,842 SF
Price / SF$267.30
Days on Market192
Property Features for 3450 Tanya Ave Portfolio
General Information
Standard status
Active
Size
13,842 SF
Property subtype
INDUSTRIAL
Occupancy
100%
Additional Details
Cap Rate
5.4%
Clear Height
17 ft
Office Units
9
Building Details
Tenancy
Multi
Listing Agency:
Newmark - Ontario
(626) 664-1567
Listed By:
Craig McKenzie
(626) 664-1567
Source:
Moodyscre
Added: Feb 2
Changed: Aug 12
Last Checked: Aug 12 at 10:39AM
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 Newmark - Ontario
Investment Insights
Based on property information with market context.
Flex space investment at 3450 Tanya Ave (Portfolio), Hemet, CA 92545, offered as an investment sale with 100% leased occupancy. The property totals 13,842 SF across 9 units, and it is presented as having an in-place CAP rate of 5.4%.
Each unit features 200 amps of power and includes 150 SF of office space. The warehouse/clear span area provides 17' clear height, supporting a range of light industrial and flex uses. Parking is reinforced concrete, designed to better support day-to-day operations.
The configuration also allows for an owner-user approach, with the potential to occupy up to 50% of the space while retaining remaining leased units.
Each unit features 200 amps of power and includes 150 SF of office space. The warehouse/clear span area provides 17' clear height, supporting a range of light industrial and flex uses. Parking is reinforced concrete, designed to better support day-to-day operations.
The configuration also allows for an owner-user approach, with the potential to occupy up to 50% of the space while retaining remaining leased units.
Key Highlights
- 100% leased, investment sale flex property
- In‑place CAP rate 5.4%
- 9 units totaling 13,842 SF
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
$217,481
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
5.88%
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%
$4,349,620
$4.3M
Cap Rate 7%
$3,106,871
$3.1M
Cap Rate 9%
$2,416,456
$2.4M
Market Conditions
NOI Build-Up for 13,842 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
$317.3K $22.92/SF
− Vacancy
−$27.3K −$1.97/SF
EGI
$290.0K $20.95/SF
− OpEx
−$72.5K −$5.24/SF
NOI
$217.5K $15.71/SF
Area
Riverside County, CA
Vacancy
8.60%
Lease Rate
$22.92 /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%
$4,349,620
Cap Rate 7%
$3,106,871
Cap Rate 9%
$2,416,456
Alternative Uses
Best Use
Office B
$3.11M
$2.72M – $3.62M
NOI $217,481 @ 7.0% cap · market cap 5.88%
Second Best
Warehouse
$1.97M
$1.73M – $2.30M
NOI $138,026 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$4.15M
$3.63M – $4.84M
NOI $290,278 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
17 ft
Clear height
9
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
457
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92545, CA
44,072
Population
17,533
Households
2.5
Avg Household Size
45
Median Age
17%
College-Educated
84%
High-School Grad
29.7 sq mi
ZIP Area
1,484
Density / Sq Mi
$59,575
Median Household Income
$41,732
Median Earnings
$1,778
Median Rent
$334,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - 100% leased 9-unit flex property with 200-amp power and reinforced concrete parking.
Where is this flex space located?
The property is located at 3450 Tanya Ave Portfolio Hemet, CA.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: 100% leased, investment sale flex property; In‑place CAP rate 5.4%; 9 units totaling 13,842 SF
