Office Flex Building with Secure
For Sale
$1,350,000
5959 Republic, Riverside, CA 92504
Flex office space with two ground-level doors, 3-phase power, and a fully secured, paved yard.
Property Size6,231 SF
Price / SF$216.66
Days on Market49
Property Features for 5959 Republic
General Information
Standard status
Active
Size
6,231 SF
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
15 ft
Drive-In Doors
2
Heavy Power
Yes
Amenities
secured paved yard
electric front gate
Listing Agency:
KW Commercial Inland Empire
Listed By:
RENE RAMOS JR · License #01836872
(909) 980-6868
Source:
Myfabuloushome
Added: Jul 24
Changed: Sep 8
Last Checked: Sep 9 at 11:19PM
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 KW Commercial Inland Empire
Investment Insights
Based on property information with market context.
This flex office property includes approximately 1,500 square feet of office space with two ground-level doors and a 15’ building height. The site is improved with a fully secured, paved yard and an electric front gate. Electrical service is provided with 1,200 amps at 220V and 3-phase power, with capacity to add additional power pending verification.
The property is located between the 60 and 91 freeways, offering convenient access to major regional routes.
Designed for flexible use, the combination of office space and ground-level loading access supports both owner-user and operational needs within a secured yard environment.
The property is located between the 60 and 91 freeways, offering convenient access to major regional routes.
Designed for flexible use, the combination of office space and ground-level loading access supports both owner-user and operational needs within a secured yard environment.
Key Highlights
- 1,500 SF office space with 15' building height
- 2 ground‑level doors for access
- 1200 amps, 220v, 3‑phase power; capacity to add additional power (verify)
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
$84,421
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
6.25%
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%
$1,688,420
$1.7M
Cap Rate 7%
$1,206,014
$1.2M
Cap Rate 9%
$938,011
$938.0K
Market Conditions
NOI Build-Up for 6,231 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
$134.6K $21.60/SF
− Vacancy
−$4.7K −$0.76/SF
EGI
$129.9K $20.84/SF
− OpEx
−$45.5K −$7.30/SF
NOI
$84.4K $13.55/SF
Area
ZIP 92504
Vacancy
3.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
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%
$1,688,420
Cap Rate 7%
$1,206,014
Cap Rate 9%
$938,011
Alternative Uses
Best Use
Flex RnD
$1.21M
$1.06M – $1.41M
NOI $84,421 @ 7.0% cap · market cap 6.25%
Second Best
Industrial
$1.12M
$976.0K – $1.30M
NOI $78,079 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$2.14M
$1.87M – $2.49M
NOI $149,481 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
15 ft
Clear height
2
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
Under-served
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
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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 - Flex office space with two ground-level doors, 3-phase power, and a fully secured, paved yard.
Where is this flex space located?
The property is located at 5959 Republic Riverside, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 1,500 SF office space with 15' building height; 2 ground‑level doors for access; 1200 amps, 220v, 3‑phase power; capacity to add additional power (verify)
