For Sale
$1,990,000
478 N Scovell, San Jacinto, CA 92582
Flex space
Property Size15,000 SF
Price / SF$124.38
Days on Market222
Property Features for 478 N Scovell
General Information
Standard status
Active
Size
15,000 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$14,676
Building Details
Building Size
15,000 SF
Year Built
1991
Listing Agency:
Coldwell Banker Assoc.Brkr-Mur
Listed By:
Kevin Franco · License #01398608
(951) 551-5260
Source:
Velocityrealtysd
Added: Feb 2
Changed: Sep 5
Last Checked: Sep 12 at 8:01AM
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 Coldwell Banker Assoc.Brkr-Mur
Investment Insights
Based on property information with market context.
Key Highlights
- The listing does not provide any key selling points.
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
$131,389
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
6.60%
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%
$2,627,780
$2.6M
Cap Rate 7%
$1,876,986
$1.9M
Cap Rate 9%
$1,459,878
$1.5M
Market Conditions
NOI Build-Up for 16,000 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
$199.7K $12.48/SF
− Vacancy
−$12.0K −$0.75/SF
EGI
$187.7K $11.73/SF
− OpEx
−$56.3K −$3.52/SF
NOI
$131.4K $8.21/SF
Area
Riverside County, CA
Vacancy
6.00%
Lease Rate
$12.48 /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%
$2,627,780
Cap Rate 7%
$1,876,986
Cap Rate 9%
$1,459,878
Alternative Uses
Best Use
Industrial
$1.88M
$1.64M – $2.19M
NOI $131,389 @ 7.0% cap · market cap 6.60%
Second Best
Flex RnD
$1.74M
$1.53M – $2.03M
NOI $122,004 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$4.79M
$4.19M – $5.59M
NOI $335,533 @ 7.0% cap · market cap 16.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
478
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92582, CA
21,161
Population
5,858
Households
3.6
Avg Household Size
31
Median Age
16%
College-Educated
79%
High-School Grad
18.4 sq mi
ZIP Area
1,150
Density / Sq Mi
$97,723
Median Household Income
$41,568
Median Earnings
$2,328
Median Rent
$439,000
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
Questions? Ask Rey
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Similar Off Market Nearby
- Lisa's catering — 375 N Victoria Ave, San Jacinto, CA 92583
Frequently Asked Questions
Where is this flex space located?
The property is located at 478 N Scovell San Jacinto, CA.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: The listing does not provide any key selling points.
