445 Menlo Ave Hemet, CA 92543
Free standing building with renovated features and no CAM fees.
Property Features for 445 Menlo Ave
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Property subtype
- INDUSTRIAL
Listing office AIR CRE (714) 538-8432
Listing date Jan 19, 2024
Source Moodyscre
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 AIR CRE
Investment Insights
Based on property information with market context.
Key Highlights
- Free standing building offers independence and control.
- Enjoy cost savings with no CAM fees.
- Two (2) 12'x14' GL doors provide easy access for various operations.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $149.8k | $12.48 |
| − Vacancy | −$9.0k | −$0.75 |
| EGI | $140.8k | $11.73 |
| − OpEx | −$21.1k | −$1.76 |
| NOI | $119.7k | $9.97 |
Alternative Uses
Property Analytics
Current Use by Public Records
Similar For Sale Nearby
Similar Off Market Nearby
- Dawn To Dusk R.V. & Boat Storage — 779 N Buena Vista St, Hemet, CA 92543
- Cody Self Storage Facility — 1403 E Menlo Ave, Hemet, CA 92544
- Self-Storage at U-Haul — 380 N State St, Hemet, CA 92543
- US Storage Centers — 1180 N State St, Hemet, CA 92543
- A-American Self Storage — 1220 N State St, Hemet, CA 92543
