New Construction Warehouse
For Sale
$2,058,155
37361 Industry Way, Murrieta, CA 92563
New construction warehouse building completed in February 2023.
Property Size6,508 SF
Price / SF$316.25
Days on Market323
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Property Features for 37361 Industry Way
General Information
Standard status
Active
Size
6,508 SF
Property subtype
Industrial
Building Details
Building Size
6,508 SF
Year Built
2023
Listed By:
Michael Strode, MBA, CCIM, SIOR · License #CalDRE #00798900
(951) 445-4508
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Oct 4
Last Checked: Oct 14 at 9:04PM
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 Michael Strode, MBA, CCIM, SIOR
Investment Insights
Based on property information with market context.
This is a new construction, high-quality, and energy-efficient warehouse building, part of the French Valley Airport Center Phase III. The building was completed in February 2023 and offers 6508 square feet of space. It is located at 37361 Industry Way, Murrieta, CA 92563.
Key Highlights
- New Construction (Completed February 2023)
- High‑Quality Building, ensure durability and lasting value.
- Energy Efficient Building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,560
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,491,200
$1.5M
Cap Rate 7%
$1,065,143
$1.1M
Cap Rate 9%
$828,444
$828.4K
Market Conditions
NOI Build-Up for 6,508 SF
Gross rent
$93.7K $14.40/SF
− Vacancy
−$6.0K −$0.92/SF
EGI
$87.7K $13.48/SF
− OpEx
−$13.2K −$2.02/SF
NOI
$74.6K $11.46/SF
Area
Murrieta, CA
Vacancy
6.40%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,491,200
Cap Rate 7%
$1,065,143
Cap Rate 9%
$828,444
Alternative Uses
Best Use
Warehouse
$1.07M
$932.0K – $1.24M
NOI $74,560 @ 7.0% cap · market cap 3.62%
Second Best
Industrial
$877.2K
$767.5K – $1.02M
NOI $61,402 @ 7.0% cap · market cap 2.98%
Theoretical Best
Specialty Retail
$2.06M
$1.80M – $2.40M
NOI $143,911 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 92563, CA
73,224
Population
24,020
Households
3
Avg Household Size
35
Median Age
33%
College-Educated
93%
High-School Grad
22.6 sq mi
ZIP Area
3,240
Density / Sq Mi
$118,519
Median Household Income
$51,772
Median Earnings
$2,588
Median Rent
$615,700
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Pantera Logistics — 38372 Innovation Ct, Murrieta, CA 92563
- Modest Van Lines LLC — 38372 Innovation Ct A103, Murrieta, CA 92563
- Winchester Self Storage — 38370 winchester rd, murrieta, ca 92563
- Extra Space Storage — 38370 Winchester Rd, Murrieta, CA 92563
- 888-Storage — 29878 Cherry Hill Dr, Murrieta, CA 92563
Frequently Asked Questions
What type of property is this?
Warehouse - New construction warehouse building completed in February 2023.
Where is this warehouse located?
The property is located at 37361 Industry Way Murrieta, CA.
What is the asking price?
The asking price for this property is $2,058,155.
What are key features of this property?
This property features: New Construction (Completed February 2023); High‑Quality Building, ensure durability and lasting value.; Energy Efficient Building
