Office Units with Light Industrial
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For Sale
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43422 Business Park Drive, Temecula, CA 92590
LI zoning permits medical uses within an established office property.
Property Size3,851 SF
Price / SF$350
Days on Market6
Property Features for 43422 Business Park Drive
General Information
Standard status
Active
Size
3,851 SF
Property subtype
Office
Zoning
LI – Light Industrial (Medical Uses Allowed)
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2006
Stories
1
Listing Agency:
Lee & Associates - Temecula Valley
(951) 445-4500
Listed By:
Matt Shaw · License #CA 01917622
Source:
Crexi
Added: Aug 5
Changed: Aug 9
Last Checked: Aug 9 at 9:08AM
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 office property contains 3,851 square feet and was built in 2006. The property carries LI – Light Industrial zoning, with medical uses allowed, providing a commercial setting for office and healthcare-related occupancy as supported by the property classification and zoning designation.
Located at 43422 Business Park Drive in Temecula, the property sits near the convergence of Interstate 215 and I-15, with access to the Orange County, Riverside County, and San Diego County marketplaces. French Valley Airport is 4 miles to the north, while Old Town Temecula is less than a mile away. The surrounding area also includes the Promenade Regional Mall, Pechanga Resort and Casino, wine country, golf, resorts, restaurants, and entertainment venues.
Located at 43422 Business Park Drive in Temecula, the property sits near the convergence of Interstate 215 and I-15, with access to the Orange County, Riverside County, and San Diego County marketplaces. French Valley Airport is 4 miles to the north, while Old Town Temecula is less than a mile away. The surrounding area also includes the Promenade Regional Mall, Pechanga Resort and Casino, wine country, golf, resorts, restaurants, and entertainment venues.
Key Highlights
- 3,851 square feet of office space
- LI – Light Industrial zoning with medical uses allowed
- Built in 2006
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
$54,338
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
4.03%
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%
$1,086,760
$1.1M
Cap Rate 7%
$776,257
$776.3K
Cap Rate 9%
$603,756
$603.8K
Market Conditions
NOI Build-Up for 3,851 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
$83.2K $21.60/SF
− Vacancy
−$10.7K −$2.79/SF
EGI
$72.5K $18.81/SF
− OpEx
−$18.1K −$4.70/SF
NOI
$54.3K $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%
$1,086,760
Cap Rate 7%
$776,257
Cap Rate 9%
$603,756
Alternative Uses
Best Use
Office B
$776.3K
$679.2K – $905.6K
NOI $54,338 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.39M
NOI $83,670 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,516
Businesses Nearby
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.
Frequently Asked Questions
What type of property is this?
Office units - LI zoning permits medical uses within an established office property.
Where is this office units located?
The property is located at 43422 Business Park Drive Temecula, CA.
What is the asking price?
The asking price for this property is $1,347,850.
What are key features of this property?
This property features: 3,851 square feet of office space; LI – Light Industrial zoning with medical uses allowed; Built in 2006
