Temecula Freestanding Office
For Sale
Contact for pricing
Pending
43471 Ridge Park Drive, Temecula, CA 92590
Two-story office building in Temecula with investment potential.
Property Size11,187 SF
Days on Market192
Property Features for 43471 Ridge Park Drive
General Information
Standard status
Pending
Size
11,187 SF
Total Parking Spaces
38
Property subtype
Retail, Office
Zoning
BP (Business Park)
Occupancy
73%
Lease Type
Modified Gross
Building Details
Year Built
2004
Stories
2
Tenancy
Multi
Listing Agency:
Lee & Associates - Temecula Valley
(951) 445-4503
Listed By:
Mike Hanna · License #CA 01456055
Source:
Crexi
Added: Feb 12
Changed: Aug 8
Last Checked: Jul 24 at 3:39PM
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 two-story, 11,187 square foot freestanding office building is located at 43471 Ridge Park Drive in Temecula, California, above Old Town Temecula, and offers vast valley views. The property is strategically located in Temecula Valley, with proximity to both the cities of Temecula and Murrieta, providing excellent local and commuter access. The property is currently occupied by a mixture of tenants on month-to-month leases. With only one existing term lease, the asset is suited for an owner user pursuing investment in their own real estate. The property can potentially be delivered up to 82% vacant at close of escrow, or 9,135 square feet available for personal business use.
Key Highlights
- Freestanding 11,187 SF office building.
- Potential to be delivered up to 82% vacant (9,135 SF available).
- Ideal for owner/user seeking real estate investment.
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
$157,851
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
3.96%
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%
$3,157,020
$3.2M
Cap Rate 7%
$2,255,014
$2.3M
Cap Rate 9%
$1,753,900
$1.8M
Market Conditions
NOI Build-Up for 11,187 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
$241.6K $21.60/SF
− Vacancy
−$31.2K −$2.79/SF
EGI
$210.5K $18.81/SF
− OpEx
−$52.6K −$4.70/SF
NOI
$157.9K $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%
$3,157,020
Cap Rate 7%
$2,255,014
Cap Rate 9%
$1,753,900
Alternative Uses
Best Use
Office B
$2.26M
$1.97M – $2.63M
NOI $157,851 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.47M
$3.04M – $4.05M
NOI $243,057 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,720
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
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Frequently Asked Questions
What type of property is this?
Office building - Two-story office building in Temecula with investment potential.
Where is this office building located?
The property is located at 43471 Ridge Park Drive Temecula, CA.
What is the asking price?
The asking price for this property is $3,989,000.
What are key features of this property?
This property features: Freestanding 11,187 SF office building.; Potential to be delivered up to 82% vacant (9,135 SF available).; Ideal for owner/user seeking real estate investment.
