Freestanding Flex Space with Grade-Level
For Sale
Contact for pricing
Pending
518 Birch St Bldg 12, Lake Elsinore, CA 92530
Freestanding flex building with office space and two grade-level loading doors.
Property Size1,007 SF
Days on Market202
Property Features for 518 Birch St Bldg 12
General Information
Standard status
Pending
Size
1,007 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Office Build-Out
1,007 SF
Drive-In Doors
2
Amenities
grade level loading doors
Building Details
Buildings
1
Building Size
1,007 SF
Listing Agency:
Lee & Associates
(714) 318-3571
Listed By:
Justin B Null, SIOR · License #01275376
(714) 318-3571
Source:
Moodyscre
Added: Jan 20
Changed: Jul 31
Last Checked: Aug 10 at 10:39AM
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.
Located in Fairway Business Park Phase III, this freestanding flex space includes 1,007 SF of office space within a 12,000 SF building. The property is set up for practical business operations with two grade-level loading doors.
The building is part of a business park environment, offering a defined site setting for light industrial and office-flex users who need both workplace space and convenient loading access. The free-standing configuration provides direct building control for day-to-day operations.
With office space and grade-level loading, the layout supports tenants seeking a combined work and distribution/production workflow under one roof.
The building is part of a business park environment, offering a defined site setting for light industrial and office-flex users who need both workplace space and convenient loading access. The free-standing configuration provides direct building control for day-to-day operations.
With office space and grade-level loading, the layout supports tenants seeking a combined work and distribution/production workflow under one roof.
Key Highlights
- Freestanding flex building in Fairway Business Park Phase III
- 12,000 SF building size
- 1,007 SF of office space
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
Property Profile
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Freestanding flex building with office space and two grade-level loading doors.
Where is this flex space located?
The property is located at 518 Birch St Bldg 12 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: Freestanding flex building in Fairway Business Park Phase III; 12,000 SF building size; 1,007 SF of office space
