Listing Agency: CALVARY REALTY INC

Listed By: Brandon Robinson Show Phone

Source: Myfabuloushome

Added: Mar 27 Changed: Sep 13 Last Checked: Oct 7 at 3:37PM

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Investment Insights

Based on property information with market context.

The Jasmine Street Storage facility, located at 5870 Jasmine Street in Riverside, California, is a single-story structure constructed in 1974 and 1989 using concrete, metal, and wood. The property features 7,920 rentable square feet of enclosed storage, divided into 20 units, situated on 0.46 acres of land. The facility is currently 100% occupied. The property is located 400 yards north of the Jurupa and Jasmine Street intersection, which experiences a traffic count exceeding 13,000 vehicles per day. The large units are highly sought after by contractors such as plumbers, electricians, mechanics, handymen, and construction workers. Recent electrical and plumbing upgrades position this property as a strong owner-user opportunity. A business owner can operate out of one building while generating steady income from tenants in the other. This built-in rental revenue creates an additional income stream that can help offset operating expenses and reduce overhead, making it an efficient and strategic setup for an owner-operator looking to combine workspace and investment in one property. The facility is surrounded by a variety of commercial and residential developments.

Key Highlights

• 100% Occupancy in a High‑Demand Market
• Value‑Add Potential to increase rents
• Suitable for Owner‑User due to recent upgrades and rental income

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$99,243

Cap Rate

5.36%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,984,860 $2.0M

Cap Rate 7%

$1,417,757 $1.4M

Cap Rate 9%

$1,102,700 $1.1M

Market Conditions

NOI Build-Up for 7,920 SF

Gross rent

$145.4K $18.36/SF

− Vacancy

−$3.6K −$0.46/SF

EGI

$141.8K $17.90/SF

− OpEx

−$42.5K −$5.37/SF

NOI

$99.2K $12.53/SF

Area

ZIP 92504

Vacancy

2.50%

Lease Rate

$18.36 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,984,860

Cap Rate 7%

$1,417,757

Cap Rate 9%

$1,102,700

Alternative Uses

Best Use

Industrial

$1.42M

$1.24M – $1.65M (±1% cap)

NOI $99,243 @ 7.0% cap · market cap 5.36%

Second Best

Self Storage

$1.22M

$1.07M – $1.43M (±1% cap)

NOI $85,688 @ 7.0% cap · market cap 4.63%

Theoretical Best

Office A

$2.71M

$2.38M – $3.17M (±1% cap)

NOI $190,000 @ 7.0% cap · market cap 10.27%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Mds Furniture Upholstery Furniture & Home Goods

Suggested Use

Top Pick Real Estate Agency Restaurant Spa & Massage Center Law Firm Pharmacy Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

399

Businesses Nearby

Explore this area Business Placement

Demographics for 92504, CA

54,642

Population

17,038

Households

3.2

Avg Household Size

36

Median Age

21%

College-Educated

82%

High-School Grad

22.7 sq mi

ZIP Area

2,407

Density / Sq Mi

$88,168

Median Household Income

$39,539

Median Earnings

$1,758

Median Rent

$501,800

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this self storage facilities located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Self storage facility - 7,920 sq ft storage facility in Riverside, California.

Where is this self storage facility located?

The property is located at 5864 Jasmine St Riverside, CA.

What is the asking price?

The asking price for this property is $1,850,000.

What are key features of this property?

This property features: 100% Occupancy in a High‑Demand Market; Value‑Add Potential to increase rents; Suitable for Owner‑User due to recent upgrades and rental income