Flex Space with Grade-Level
For Sale
Contact for pricing
41740 Enterprise Cir N, Temecula, CA 92590
Two legal condo units include reception, private offices, and restrooms.
Property Size7,447 SF
Price / SF$275
Days on Market187
Property Features for 41740 Enterprise Cir N
General Information
Standard status
Active
Size
7,447 SF
Property subtype
INDUSTRIAL
Listing Agency:
Lee & Associates
(951) 445-4500
Listed By:
Charley Black · License #CA#01000597
(951) 445-4507
Source:
Moodyscre
Added: Mar 16
Changed: Sep 9
Last Checked: Sep 16 at 6:56PM
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 flex space is an industrial building configured as 2 legal condo units. The interior includes a reception area, 4 private offices, and 2 restrooms. The building also has (2) 12’x14’ grade-level doors for direct access at the building level.
Located at 41740 Enterprise Cir N in Temecula, California, the property combines office-oriented interior areas with industrial building features. The two-unit legal condo configuration provides a clearly defined physical and ownership structure supported by the existing reception, office, restroom, and grade-level door improvements.
Located at 41740 Enterprise Cir N in Temecula, California, the property combines office-oriented interior areas with industrial building features. The two-unit legal condo configuration provides a clearly defined physical and ownership structure supported by the existing reception, office, restroom, and grade-level door improvements.
Key Highlights
- 2 legal condo units
- (2) 12’x14’ grade‑level doors
- Reception area
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
$84,124
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
4.11%
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%
$1,682,480
$1.7M
Cap Rate 7%
$1,201,771
$1.2M
Cap Rate 9%
$934,711
$934.7K
Market Conditions
NOI Build-Up for 7,447 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
$107.2K $14.40/SF
− Vacancy
−$8.3K −$1.11/SF
EGI
$99.0K $13.29/SF
− OpEx
−$14.8K −$1.99/SF
NOI
$84.1K $11.30/SF
Area
Temecula, CA
Vacancy
7.71%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
15.00%
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%
$1,682,480
Cap Rate 7%
$1,201,771
Cap Rate 9%
$934,711
Alternative Uses
Best Use
Warehouse
$1.20M
$1.05M – $1.40M
NOI $84,124 @ 7.0% cap · market cap 4.11%
Second Best
Industrial
$989.7K
$866.0K – $1.15M
NOI $69,278 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$2.31M
$2.02M – $2.70M
NOI $161,799 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
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Frequently Asked Questions
What type of property is this?
Flex space - Two legal condo units include reception, private offices, and restrooms.
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 $2,047,925.
What are key features of this property?
This property features: 2 legal condo units; (2) 12’x14’ grade‑level doors; Reception area
