Flex Warehouse Condo Units with G.L.
For Sale
Contact for pricing
Pending
41740 Enterprise Cir N, Temecula, CA 92590
Two legal condo warehouse units with large bullpen, four private offices, two restrooms, and a 12x14 G.L. door.
Property Size6,579 SF
Days on Market180
Property Features for 41740 Enterprise Cir N
General Information
Standard status
Pending
Size
6,579 SF
Property subtype
Industrial
Additional Details
Drive-In Doors
1
Listing Agency:
Lee & Associates - Temecula Valley
Listed By:
Charley Black · License #CA#01000597
(951) 445-4507
Source:
Crexi
Added: Mar 18
Changed: Sep 10
Last Checked: Sep 12 at 4:56AM
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 - Temecula Valley
Investment Insights
Based on property information with market context.
This offering consists of 2 legal condo units in a flex/warehouse configuration. The space includes a large bullpen area along with 4 private offices and 2 restrooms, providing a mix of open workspace and enclosed rooms. A 12x14 G.L. door is included for warehouse access.
The units are located at 41740 Enterprise Cir N in Temecula, CA 92590.
As presented, the configuration supports both operational and office needs within a single flex-warehouse layout.
The units are located at 41740 Enterprise Cir N in Temecula, CA 92590.
As presented, the configuration supports both operational and office needs within a single flex-warehouse layout.
Key Highlights
- 2 legal condo units
- Large bullpen area for open work space
- 4 private offices
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
$61,203
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
3.38%
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%
$1,224,060
$1.2M
Cap Rate 7%
$874,329
$874.3K
Cap Rate 9%
$680,033
$680.0K
Market Conditions
NOI Build-Up for 6,579 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
$94.7K $14.40/SF
− Vacancy
−$7.3K −$1.11/SF
EGI
$87.4K $13.29/SF
− OpEx
−$26.2K −$3.99/SF
NOI
$61.2K $9.30/SF
Area
Temecula, CA
Vacancy
7.71%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$1,224,060
Cap Rate 7%
$874,329
Cap Rate 9%
$680,033
Alternative Uses
Best Use
Industrial
$874.3K
$765.0K – $1.02M
NOI $61,203 @ 7.0% cap · market cap 3.38%
Second Best
Flex RnD
$811.9K
$710.4K – $947.2K
NOI $56,832 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$2.04M
$1.79M – $2.38M
NOI $142,940 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
3,081
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92590, CA
4,840
Population
2,023
Households
2.4
Avg Household Size
40
Median Age
33%
College-Educated
91%
High-School Grad
54.4 sq mi
ZIP Area
89
Density / Sq Mi
$76,952
Median Household Income
$41,510
Median Earnings
$1,289
Median Rent
$1,201,400
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- LaLa Taco Catering — 27715 Jefferson Ave #106, Temecula, CA 92590
- Wagon Master Catering — 27511 Commerce Center Dr, Temecula, CA 92590
- American Classic Catering — 27535 Jefferson Ave, Temecula, CA 92590
- Nana's Family Kitchen — 27315 Jefferson Ave, Temecula, CA 92590
- Anne Taylor Catering — 27452 Jefferson Ave B-1, Temecula, CA 92590
Frequently Asked Questions
What type of property is this?
Flex space - Two legal condo warehouse units with large bullpen, four private offices, two restrooms, and a 12x14 G.L. door.
Where is this flex space located?
The property is located at 41740 Enterprise Cir N Temecula, CA.
What is the asking price?
The asking price for this property is $1,809,225.
What are key features of this property?
This property features: 2 legal condo units; Large bullpen area for open work space; 4 private offices
