Flex Space with Secured
For Sale
Contact for pricing
524 Birch St Bldg 11, Lake Elsinore, CA 92530
Freestanding flex building with fenced, secured yard, office space with mezzanine, and multiple grade-level and dock-high doors.
Property Size20,500 SF
Price / SF$288
Days on Market200
Property Features for 524 Birch St Bldg 11
General Information
Standard status
Active
Size
20,500 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
26 ft
Office Build-Out
1,529 SF
Mezzanine
1,019 SF
Dock-High Doors
2
Drive-In Doors
2
Additional Details
Fenced Yard
Yes
Amenities
Fenced/Secured Yard
Grade Level Doors
Dock High Doors
Building Details
Buildings
1
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 29
Last Checked: Aug 8 at 11:38AM
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.
Freestanding flex space in Fairway Business Park Phase III featuring office and warehouse support improvements. The building includes 1,529 SF of first-floor office space plus a 1,019 SF mezzanine. Warehouse clear height is listed at 26 feet, with 2 grade level doors and 2 dock high doors to support a range of operating needs. The property also includes a fenced and secured yard for controlled onsite storage and access.
Located at 524 Birch St, Bldg 11 in Lake Elsinore, California, this phase of the business park offers a straightforward, building-specific setup suitable for tenants looking for dedicated improvements rather than shared space.
Located at 524 Birch St, Bldg 11 in Lake Elsinore, California, this phase of the business park offers a straightforward, building-specific setup suitable for tenants looking for dedicated improvements rather than shared space.
Key Highlights
- Freestanding flex space in Fairway Business Park Phase III
- 1,529 SF first‑floor office plus 1,019 SF mezzanine
- 26' 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
$322,089
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
5.46%
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%
$6,441,780
$6.4M
Cap Rate 7%
$4,601,271
$4.6M
Cap Rate 9%
$3,578,767
$3.6M
Market Conditions
NOI Build-Up for 20,500 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
$469.9K $22.92/SF
− Vacancy
−$40.4K −$1.97/SF
EGI
$429.5K $20.95/SF
− OpEx
−$107.4K −$5.24/SF
NOI
$322.1K $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%
$6,441,780
Cap Rate 7%
$4,601,271
Cap Rate 9%
$3,578,767
Alternative Uses
Best Use
Office B
$4.60M
$4.03M – $5.37M
NOI $322,089 @ 7.0% cap · market cap 5.46%
Second Best
Warehouse
$2.92M
$2.56M – $3.41M
NOI $204,416 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$6.14M
$5.37M – $7.17M
NOI $429,902 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
26 ft
Clear height
2
Dock-high doors
2
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
744
Businesses Nearby
Balanced
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 fenced, secured yard, office space with mezzanine, and multiple grade-level and dock-high doors.
Where is this flex space located?
The property is located at 524 Birch St Bldg 11 Lake Elsinore, CA.
What is the asking price?
The asking price for this property is $5,904,000.
What are key features of this property?
This property features: Freestanding flex space in Fairway Business Park Phase III; 1,529 SF first‑floor office plus 1,019 SF mezzanine; 26' clear height
