Single-Tenant Warehouse with Ground-Level
For Sale
Contact for pricing
445 Menlo Ave, Hemet, CA 92543
Single-tenant warehouse with two ground-level doors, secured yard, and 18 to 20 ft clear height.
Property Size12,000 SF
Price / SF$154.17
Days on Market975
Property Features for 445 Menlo Ave
General Information
Standard status
Active
Size
12,000 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Drive-In Doors
2
Power
400 amps
Three-Phase Power
Yes
Additional Details
Fenced Yard
Yes
Building Details
Tenancy
Single
Listing Agency:
AIR CRE
Listed By:
Unknown Agent
(714) 538-8432
Source:
Moodyscre
Added: Jan 19, 2024
Changed: Sep 5
Last Checked: Sep 19 at 12:33PM
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.
Menlo Industrial Center offers a single-tenant warehouse suited for users needing direct ground-level access. The building features two 12’ x 14’ ground level doors and an 18’–20’ clear height to support a range of storage and light industrial operations. A secured yard is included, and the property is gas enabled.
The facility is equipped with 400 Amp, 3 Phase power, supporting heavier equipment loads. The space totals 12,000 SF, providing a dedicated footprint for one tenant.
Located at 445 Menlo Ave in Hemet, CA 92543, the property is designed around practical day-to-day handling with direct door access and on-site power for operations that require more than basic service.
The facility is equipped with 400 Amp, 3 Phase power, supporting heavier equipment loads. The space totals 12,000 SF, providing a dedicated footprint for one tenant.
Located at 445 Menlo Ave in Hemet, CA 92543, the property is designed around practical day-to-day handling with direct door access and on-site power for operations that require more than basic service.
Key Highlights
- Single‑tenant warehouse at Menlo Industrial Center
- Two 12’ x 14’ ground level doors
- 18’–20’ clear height
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
$119,658
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
6.47%
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%
$2,393,160
$2.4M
Cap Rate 7%
$1,709,400
$1.7M
Cap Rate 9%
$1,329,533
$1.3M
Market Conditions
NOI Build-Up for 12,000 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
$149.8K $12.48/SF
− Vacancy
−$9.0K −$0.75/SF
EGI
$140.8K $11.73/SF
− OpEx
−$21.1K −$1.76/SF
NOI
$119.7K $9.97/SF
Area
Riverside County, CA
Vacancy
6.00%
Lease Rate
$12.48 /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%
$2,393,160
Cap Rate 7%
$1,709,400
Cap Rate 9%
$1,329,533
Alternative Uses
Best Use
Warehouse
$1.71M
$1.50M – $1.99M
NOI $119,658 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.59M
$3.15M – $4.19M
NOI $251,650 @ 7.0% cap · market cap 13.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Drive-in doors
Single-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,327
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 92543, CA
39,323
Population
15,225
Households
2.6
Avg Household Size
37
Median Age
13%
College-Educated
75%
High-School Grad
19.1 sq mi
ZIP Area
2,059
Density / Sq Mi
$47,002
Median Household Income
$34,376
Median Earnings
$1,306
Median Rent
$250,800
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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Similar Off Market Nearby
- Self-Storage at U-Haul — 380 N State St, Hemet, CA 92543
- 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
- Lockaway Storage Hemet — 1181 N State St, Hemet, CA 92543
- A-American Self Storage — 1220 N State St, Hemet, CA 92543
Frequently Asked Questions
What type of property is this?
Warehouse - Single-tenant warehouse with two ground-level doors, secured yard, and 18 to 20 ft clear height.
Where is this warehouse located?
The property is located at 445 Menlo Ave Hemet, CA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Single‑tenant warehouse at Menlo Industrial Center; Two 12’ x 14’ ground level doors; 18’–20’ clear height
