Freestanding Industrial Building with
For Sale
Contact for pricing
5867 Jasmine St, Riverside, CA 92504
Freestanding warehouse with office space, dock-high and grade-level doors, and a fully fenced, paved, secured yard.
Property Size52,207 SF
Price / SF$220.28
Days on Market200
Property Features for 5867 Jasmine St
General Information
Standard status
Active
Size
52,207 SF
Property subtype
INDUSTRIAL
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
22 ft
Dock-High Doors
6
Drive-In Doors
3
Amenities
fenced yard
paved yard
secured yard
Listing Agency:
Lee & Associates
(909) 989-7771
Listed By:
Ken Jones · License #01703262
(909) 373-2726
Source:
Moodyscre
Added: Feb 24
Changed: Sep 6
Last Checked: Sep 12 at 4:41AM
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.
This freestanding industrial building includes office and warehouse space with office & warehouse restrooms. The property features 6 dock-high doors with mechanical pit levelers and 3 grade-level doors. Warehouse clearance height is listed at 20'-22', and the outdoor yard is fully fenced, paved, and secured.
The site is located at 5867 Jasmine St, Riverside, CA 92504. Office space is reported as 4,000 SF (verify), and the overall property size is listed at 52,207 SF.
Ideal for tenants and buyers seeking a functional warehouse configuration with both dock-high and grade-level access, supported by a dedicated yard area for controlled operations.
The site is located at 5867 Jasmine St, Riverside, CA 92504. Office space is reported as 4,000 SF (verify), and the overall property size is listed at 52,207 SF.
Ideal for tenants and buyers seeking a functional warehouse configuration with both dock-high and grade-level access, supported by a dedicated yard area for controlled operations.
Key Highlights
- Freestanding warehouse with office space
- 4,000 SF of office space (verify)
- 6 dock‑high doors with mechanical pit levelers and 3 grade‑level doors
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
$802,282
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
6.98%
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%
$16,045,640
$16.0M
Cap Rate 7%
$11,461,171
$11.5M
Cap Rate 9%
$8,914,244
$8.9M
Market Conditions
NOI Build-Up for 52,207 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
$971.1K $18.60/SF
− Vacancy
−$27.2K −$0.52/SF
EGI
$943.9K $18.08/SF
− OpEx
−$141.6K −$2.71/SF
NOI
$802.3K $15.37/SF
Area
ZIP 92504
Vacancy
2.80%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
15.00%
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%
$16,045,640
Cap Rate 7%
$11,461,171
Cap Rate 9%
$8,914,244
Alternative Uses
Best Use
Warehouse
$11.46M
$10.03M – $13.37M
NOI $802,282 @ 7.0% cap · market cap 6.98%
Second Best
Flex RnD
$10.10M
$8.84M – $11.79M
NOI $707,332 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$17.89M
$15.66M – $20.87M
NOI $1,252,442 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
22 ft
Clear height
6
Dock-high doors
3
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Freestanding warehouse with office space, dock-high and grade-level doors, and a fully fenced, paved, secured yard.
Where is this flex space located?
The property is located at 5867 Jasmine St Riverside, CA.
What is the asking price?
The asking price for this property is $11,500,000.
What are key features of this property?
This property features: Freestanding warehouse with office space; 4,000 SF of office space (verify); 6 dock‑high doors with mechanical pit levelers and 3 grade‑level doors
