Riverside Storage Facility For
5864 Jasmine St, Riverside, CA 92504
For Sale
$1,850,000
7,920 sq ft storage facility in Riverside, California.
Property Size7,920 SF
Lot Size0.46 Acres
Price / SF$233.59
Days on Market225
Property Features for 5864 Jasmine St
General Information
Standard status
Size
Lot size
Site & Location
Neighborhood
Listing Agency:
CALVARY REALTY INC
Listed By:
Brandon Robinson
(909) 380-0073
Source:
Myfabuloushome
Added: Mar 27
Changed: Oct 25
Last Checked: Oct 7 at 3:37PM
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 CALVARY REALTY INC
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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
NOI $99,243 @ 7.0% cap · market cap 5.36%
Second Best
Self Storage
$1.22M
$1.07M – $1.43M
NOI $85,688 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$2.71M
$2.38M – $3.17M
NOI $190,000 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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
