Industrial Building with Condo
For Sale
Contact for pricing
41740 Enterprise Cir N, Temecula, CA 92590
Industrial building offering two legal condo units with a bullpen workspace, private offices, and a 12' x 14' grade-level door.
Property Size6,579 SF
Price / SF$275
Days on Market151
Property Features for 41740 Enterprise Cir N
General Information
Standard status
Active
Size
6,579 SF
Property subtype
INDUSTRIAL
Additional Details
Drive-In Doors
1
Listing Agency:
Lee & Associates
(951) 445-4507
Listed By:
Charley Black · License #1000597
(951) 445-4507
Source:
Moodyscre
Added: Mar 16
Changed: Jul 28
Last Checked: Jul 28 at 7:27AM
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
Investment Insights
Based on property information with market context.
This industrial building includes two legal condo units. Interior features include a large bullpen workspace, four private offices, and two restrooms. The property also has a 12' x 14' grade-level door, supporting straightforward loading and use for warehouse and light industrial needs.
The offering is located at 41740 Enterprise Cir N in Temecula, CA.
With office space integrated alongside the main work area and a grade-level door for access, the configuration is suited for operations that benefit from both warehouse functionality and on-site administrative space.
The offering is located at 41740 Enterprise Cir N in Temecula, CA.
With office space integrated alongside the main work area and a grade-level door for access, the configuration is suited for operations that benefit from both warehouse functionality and on-site administrative space.
Key Highlights
- 34,675 SF industrial building
- 2 legal condo units
- Large bullpen workspace
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
$92,831
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
5.13%
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%
$1,856,620
$1.9M
Cap Rate 7%
$1,326,157
$1.3M
Cap Rate 9%
$1,031,456
$1.0M
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
$142.1K $21.60/SF
− Vacancy
−$18.3K −$2.79/SF
EGI
$123.8K $18.81/SF
− OpEx
−$30.9K −$4.70/SF
NOI
$92.8K $14.11/SF
Area
Temecula, CA
Vacancy
12.90%
Lease Rate
$21.60 /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%
$1,856,620
Cap Rate 7%
$1,326,157
Cap Rate 9%
$1,031,456
Alternative Uses
Best Use
Office B
$1.33M
$1.16M – $1.55M
NOI $92,831 @ 7.0% cap · market cap 5.13%
Second Best
Warehouse
$1.06M
$929.0K – $1.24M
NOI $74,318 @ 7.0% cap · market cap 4.11%
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
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
3,281
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 Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Anne Taylor Catering — 27452 Jefferson Ave B-1, 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
- LaLa Taco Catering — 27715 Jefferson Ave #106, Temecula, CA 92590
Frequently Asked Questions
What type of property is this?
Flex space - Industrial building offering two legal condo units with a bullpen workspace, private offices, and a 12' x 14' grade-level 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: 34,675 SF industrial building; 2 legal condo units; Large bullpen workspace
