Freestanding Flex Office
For Sale
Contact for pricing
512 Birch St Bldg 13, Lake Elsinore, CA 92530
Freestanding building with 1,007 SF of office space and two grade-level loading doors.
Property Size12,000 SF
Price / SF$298
Days on Market233
Property Features for 512 Birch St Bldg 13
General Information
Standard status
Active
Size
12,000 SF
Property subtype
INDUSTRIAL
Additional Details
Drive-In Doors
2
Listing Agency:
Lee & Associates
(951) 276-3600
Listed By:
Justin B Null, SIOR · License #01899025
(714) 318-3571
Source:
Moodyscre
Added: Jan 20
Changed: Sep 4
Last Checked: Sep 9 at 5:17PM
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
Investment Insights
Based on property information with market context.
This freestanding flex office and warehouse building includes 1,007 SF of office space and two grade-level loading doors. The property is part of Fairway Business Park Phase III and is configured to support both office activity and warehouse operations within a single facility.
Located at 512 Birch St, Bldg 13 in Lake Elsinore, CA, the building sits within the larger business park environment.
With its dedicated office component and grade-level loading access, the property offers a practical setup for users needing an on-site office alongside warehouse functionality.
Located at 512 Birch St, Bldg 13 in Lake Elsinore, CA, the building sits within the larger business park environment.
With its dedicated office component and grade-level loading access, the property offers a practical setup for users needing an on-site office alongside warehouse functionality.
Key Highlights
- Free‑standing building in Fairway Business Park Phase III
- 1,007 SF of office space
- Two grade‑level loading doors
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
$188,540
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
5.27%
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%
$3,770,800
$3.8M
Cap Rate 7%
$2,693,429
$2.7M
Cap Rate 9%
$2,094,889
$2.1M
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
$275.0K $22.92/SF
− Vacancy
−$23.7K −$1.97/SF
EGI
$251.4K $20.95/SF
− OpEx
−$62.8K −$5.24/SF
NOI
$188.5K $15.71/SF
Area
Riverside County, CA
Vacancy
8.60%
Lease Rate
$22.92 /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%
$3,770,800
Cap Rate 7%
$2,693,429
Cap Rate 9%
$2,094,889
Alternative Uses
Best Use
Office B
$2.69M
$2.36M – $3.14M
NOI $188,540 @ 7.0% cap · market cap 5.27%
Second Best
Industrial
$1.41M
$1.23M – $1.64M
NOI $98,542 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$3.59M
$3.15M – $4.19M
NOI $251,650 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
840
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92530, CA
59,098
Population
18,502
Households
3.2
Avg Household Size
34
Median Age
17%
College-Educated
80%
High-School Grad
77.1 sq mi
ZIP Area
767
Density / Sq Mi
$84,799
Median Household Income
$41,138
Median Earnings
$1,705
Median Rent
$467,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Freestanding building with 1,007 SF of office space and two grade-level loading doors.
Where is this flex space located?
The property is located at 512 Birch St Bldg 13 Lake Elsinore, CA.
What is the asking price?
The asking price for this property is $3,576,000.
What are key features of this property?
This property features: Free‑standing building in Fairway Business Park Phase III; 1,007 SF of office space; Two grade‑level loading doors
