Free-Standing Flex Space
For Sale
Contact for pricing
533 Chaney St Bldg 15, Lake Elsinore, CA 92530
Office areas, mezzanine space, loading doors, and a fenced secured yard support a range of commercial functions.
Property Size31,000 SF
Price / SF$278
Days on Market260
Property Features for 533 Chaney St Bldg 15
General Information
Standard status
Active
Size
31,000 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
26 ft
Office Build-Out
1,972 SF
Mezzanine
1,830 SF
Dock-High Doors
2
Drive-In Doors
3
Additional Details
Fenced Yard
Yes
Amenities
Fenced/Secured Yard
Grade Level Doors
Dock High Doors
Building Details
Buildings
1
Listing Agency:
Lee & Associates
(951) 276-3600
Listed By:
Justin B Null, SIOR · License #00822133
(714) 318-3571
Source:
Moodyscre
Added: Jan 20
Changed: Sep 6
Last Checked: Oct 5 at 6:02PM
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.
Free-standing flex space building in Fairway Business Park Phase III, located at 533 Chaney St, Building 15, in Lake Elsinore. The property includes 1,972 SF of first-floor office space and a 1,830 SF mezzanine, providing a combination of office and functional commercial space within the building.
The building features 26-foot clear height, three grade-level doors, and two dock-high doors for loading access. A fenced and secured yard adds dedicated exterior space for the property. The asset is identified as a flex space property and is part of Fairway Business Park Phase III.
The building features 26-foot clear height, three grade-level doors, and two dock-high doors for loading access. A fenced and secured yard adds dedicated exterior space for the property. The asset is identified as a flex space property and is part of Fairway Business Park Phase III.
Key Highlights
- 1,972 SF of first‑floor office space
- 1,830 SF mezzanine
- 26' clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$309,117
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,182,340
$6.2M
Cap Rate 7%
$4,415,957
$4.4M
Cap Rate 9%
$3,434,633
$3.4M
Market Conditions
NOI Build-Up for 31,000 SF
Gross rent
$386.9K $12.48/SF
− Vacancy
−$23.2K −$0.75/SF
EGI
$363.7K $11.73/SF
− OpEx
−$54.6K −$1.76/SF
NOI
$309.1K $9.97/SF
Area
Riverside County, CA
Vacancy
6.00%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,182,340
Cap Rate 7%
$4,415,957
Cap Rate 9%
$3,434,633
Alternative Uses
Best Use
Warehouse
$4.42M
$3.86M – $5.15M
NOI $309,117 @ 7.0% cap · market cap 3.59%
Second Best
Industrial
$3.64M
$3.18M – $4.24M
NOI $254,567 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$9.29M
$8.13M – $10.83M
NOI $650,095 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
26 ft
Clear height
2
Dock-high doors
3
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
769
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Office areas, mezzanine space, loading doors, and a fenced secured yard support a range of commercial functions.
Where is this flex space located?
The property is located at 533 Chaney St Bldg 15 Lake Elsinore, CA.
What is the asking price?
The asking price for this property is $8,618,000.
What are key features of this property?
This property features: 1,972 SF of first‑floor office space; 1,830 SF mezzanine; 26' clear height
