Equipped Family Restaurant
For Sale
$325,000
502 S D, Perris, CA 92570
Operating restaurant business with a commercial kitchen, bar, dining furnishings, fixtures, and included inventory.
Property Size2,178 SF
Price / SF$149.22
Days on Market65
Property Features for 502 S D
General Information
Standard status
Active
Size
2,178 SF
Property subtype
Business Opportunity
Additional Details
Furnished
Yes
Business Included
Yes
Equipment Included
Yes
Building Details
Year Built
1913
Listing Agency:
Global Bancorp
(717) 610-7431
Listed By:
Juan Camacho · License #01893106
Source:
Myfabuloushome
Added: Jun 28
Changed: Aug 30
Last Checked: Aug 26 at 8:11AM
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 Global Bancorp
Investment Insights
Based on property information with market context.
This restaurant business includes the operating assets needed for continued food-service use, including commercial cooking equipment, preparation stations, storage areas, and a full bar. Furniture, tables, chairs, fixtures, décor, a computer system with customer management software, a jukebox, and existing inventory are included. The layout is described as spacious and organized for daily restaurant operations.
The property is situated on a main street in downtown Perris and is described as having strong visibility and substantial pedestrian activity. Current operating hours are 8:00 AM to 11:00 PM. The existing lease has 30 months remaining, with an additional five-year option at the same monthly rate. The building dates to 1913.
The property is situated on a main street in downtown Perris and is described as having strong visibility and substantial pedestrian activity. Current operating hours are 8:00 AM to 11:00 PM. The existing lease has 30 months remaining, with an additional five-year option at the same monthly rate. The building dates to 1913.
Key Highlights
- Commercial kitchen with cooking equipment, prep stations, and storage areas
- Full bar with dining furniture, tables, chairs, fixtures, and décor included
- Computer system with customer management software included
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
$27,462
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
8.45%
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%
$549,240
$549.2K
Cap Rate 7%
$392,314
$392.3K
Cap Rate 9%
$305,133
$305.1K
Market Conditions
NOI Build-Up for 2,178 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
$39.2K $18.00/SF
− Vacancy
−$2.6K −$1.19/SF
EGI
$36.6K $16.81/SF
− OpEx
−$9.2K −$4.20/SF
NOI
$27.5K $12.61/SF
Area
Riverside County, CA
Vacancy
6.60%
Lease Rate
$18.00 /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%
$549,240
Cap Rate 7%
$392,314
Cap Rate 9%
$305,133
Alternative Uses
Best Use
Specialty Retail
$392.3K
$343.3K – $457.7K
NOI $27,462 @ 7.0% cap · market cap 8.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$652.5K
$570.9K – $761.2K
NOI $45,674 @ 7.0% cap · market cap 14.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
869
Businesses Nearby
64k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 46%
Electronics 3%
Bank of America
Shops & Services
19,916 visits/mo
0.1 miles
Winchell's Donut House
Dining
10,856 visits/mo
0.3 miles
Del Taco
Dining
7,685 visits/mo
0.4 miles
AutoZone
Shops & Services
7,190 visits/mo
0.3 miles
Little Caesars Pizza
Dining
6,451 visits/mo
0.3 miles
Demographics for 92570, CA
59,015
Population
15,590
Households
3.8
Avg Household Size
32
Median Age
10%
College-Educated
68%
High-School Grad
106.3 sq mi
ZIP Area
555
Density / Sq Mi
$77,570
Median Household Income
$34,671
Median Earnings
$1,461
Median Rent
$419,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating restaurant business with a commercial kitchen, bar, dining furnishings, fixtures, and included inventory.
Where is this conventional restaurant located?
The property is located at 502 S D Perris, CA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Commercial kitchen with cooking equipment, prep stations, and storage areas; Full bar with dining furniture, tables, chairs, fixtures, and décor included; Computer system with customer management software included
