Listing Agency: Lee & Associates - Temecula Valley

Listed By: Charley Black · License #01000597 Show Phone

Source: Crexi

Added: Mar 18 Changed: Oct 25 Last Checked: Oct 30 at 12:39PM

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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.

Key Highlights

• 2 legal condo units
• Large bullpen area for open work space
• 4 private offices

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$61,203

Cap Rate

3.38%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,224,060 $1.2M

Cap Rate 7%

$874,329 $874.3K

Cap Rate 9%

$680,033 $680.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,579 SF

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 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 (±1% cap)

NOI $61,203 @ 7.0% cap · market cap 3.38%

Second Best

Flex RnD

$811.9K

$710.4K – $947.2K (±1% cap)

NOI $56,832 @ 7.0% cap · market cap 3.14%

Theoretical Best

Office A

$2.04M

$1.79M – $2.38M (±1% cap)

NOI $142,940 @ 7.0% cap · market cap 7.90%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Brilliant Electric Electrical Service Armored Transport Inc Car Rental Facility Hank's Hardware & Lumber Building Supply Off The Rails Winery Brewery & Distillery Arch Doors & Molding Hardware & Home Improvement

Suggested Use

Top Pick Grocery & Convenience Store Locksmith (Bike/Boat/Book/etc) Store Butcher Bed & Breakfast Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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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