Riverside Manufacturing Warehouse with
For Sale
$9,172,800
4200 Garner Road, Riverside, CA 92501
Manufacturing warehouse with office space, convenient freeway access.
Property Size37,440 SF
Price / SF$245
Days on Market158
Property Features for 4200 Garner Road
General Information
Standard status
Active
Size
37,440 SF
Property subtype
Industrial
Listing Agency:
CBRE
(909) 418-2021
Listed By:
Ryan Athens · License #01387750
(909) 418-2021
Source:
Cbre
Added: Mar 25
Changed: Aug 16
Last Checked: Aug 29 at 6:29AM
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 CBRE
Investment Insights
Based on property information with market context.
This manufacturing warehouse, located in Riverside, California, offers approximately 37,440 square feet of warehouse space and 4,473 square feet of office space. The property features a minimum clear height of 24 feet, four dock-high positions, and two ground-level doors. It is equipped with 800 amps of power at 277/480 volts and has extensive power distribution. The property includes a secured fenced yard and 69 parking stalls. The location provides close proximity to the SR-60, I-215, and SR-91 freeways.
Key Highlights
- Excellent transportation access: Close proximity to SR‑60, I‑215 & SR‑91 Freeways
- Large manufacturing space: ±37,440 SF Manufacturing warehouse
- Enhanced security with a secured fenced yard
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
$479,254
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
5.22%
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%
$9,585,080
$9.6M
Cap Rate 7%
$6,846,486
$6.8M
Cap Rate 9%
$5,325,044
$5.3M
Market Conditions
NOI Build-Up for 37,440 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
$687.4K $18.36/SF
− Vacancy
−$2.7K −$0.07/SF
EGI
$684.6K $18.29/SF
− OpEx
−$205.4K −$5.49/SF
NOI
$479.3K $12.80/SF
Area
Riverside, CA
Vacancy
0.40%
Lease Rate
$18.36 /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%
$9,585,080
Cap Rate 7%
$6,846,486
Cap Rate 9%
$5,325,044
Alternative Uses
Best Use
Industrial
$6.85M
$5.99M – $7.99M
NOI $479,254 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.84M
$11.24M – $14.99M
NOI $899,135 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
273
Businesses Nearby
Explore this area
Business Placement
Demographics for 92501, CA
22,017
Population
7,488
Households
2.9
Avg Household Size
35
Median Age
18%
College-Educated
81%
High-School Grad
5.6 sq mi
ZIP Area
3,932
Density / Sq Mi
$83,027
Median Household Income
$41,780
Median Earnings
$1,615
Median Rent
$466,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Manufacturing warehouse with office space, convenient freeway access.
Where is this manufacturing property located?
The property is located at 4200 Garner Road Riverside, CA.
What is the asking price?
The asking price for this property is $9,172,800.
What are key features of this property?
This property features: Excellent transportation access: Close proximity to SR‑60, I‑215 & SR‑91 Freeways; Large manufacturing space: ±37,440 SF Manufacturing warehouse; Enhanced security with a secured fenced yard
