Office Suite with Window
For Sale
$1,003,750
600 Central Ave Ste G, Lake Elsinore, CA 92530
Turn-key office suite with available eyebrow and window signage for owner-user flexibility and partial occupancy options.
Property Size4,015 SF
Price / SF$399.26
Days on Market66
Property Features for 600 Central Ave Ste G
General Information
Standard status
Active
Size
4,015 SF
Property subtype
Office
Zoning
C-M
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Building Size
4,015 SF
Year Built
1990
Listing Agency:
Lee & Associates - Temecula Valley
(951) 445-4502
Listed By:
Matt Shaw · License #CalDRE #01917622
Source:
Lee-associates
Added: Jun 4
Changed: Aug 8
Last Checked: Jun 6 at 2:57AM
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 - Temecula Valley
Investment Insights
Based on property information with market context.
This for-sale office suite is offered as a fully turn-key space and includes available eyebrow and window signage. The layout is configured for professional office use, with the option to occupy a portion of the building or take the space in full at closing.
The suite is located at 600 Central Ave, Ste G in Lake Elsinore, with easy access to I-15 via Central Ave. The property also sits within walking distance to shopping, dining, banks, and other services. The site is zoned C-M, and the buyer is responsible for confirming intended use with the City of Lake Elsinore.
For an owner-user, this arrangement supports leasing flexibility while maintaining the ability to operate from the suite immediately as a turn-key office. It may also appeal to tenants seeking an office location with signage availability to help identify their business to nearby pedestrians and drivers, subject to the buyer’s confirmation of permitted use under the City’s zoning requirements.
The suite is located at 600 Central Ave, Ste G in Lake Elsinore, with easy access to I-15 via Central Ave. The property also sits within walking distance to shopping, dining, banks, and other services. The site is zoned C-M, and the buyer is responsible for confirming intended use with the City of Lake Elsinore.
For an owner-user, this arrangement supports leasing flexibility while maintaining the ability to operate from the suite immediately as a turn-key office. It may also appeal to tenants seeking an office location with signage availability to help identify their business to nearby pedestrians and drivers, subject to the buyer’s confirmation of permitted use under the City’s zoning requirements.
Key Highlights
- Turn‑key office suite in a building built in 1990
- Eyebrow and window signage available
- 2,514 SF available for owner‑occupant use
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
$39,499
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
3.94%
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%
$789,980
$790.0K
Cap Rate 7%
$564,271
$564.3K
Cap Rate 9%
$438,878
$438.9K
Market Conditions
NOI Build-Up for 2,514 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
$57.6K $22.92/SF
− Vacancy
−$5.0K −$1.97/SF
EGI
$52.7K $20.95/SF
− OpEx
−$13.2K −$5.24/SF
NOI
$39.5K $15.71/SF
Area
Riverside County, CA
Vacancy
8.60%
Lease Rate
$22.92 /SF/Yr
Expense Ratio
25.00%
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%
$789,980
Cap Rate 7%
$564,271
Cap Rate 9%
$438,878
Alternative Uses
Best Use
Office B
$564.3K
$493.7K – $658.3K
NOI $39,499 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$753.2K
$659.0K – $878.7K
NOI $52,721 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
942
Businesses Nearby
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Turn-key office suite with available eyebrow and window signage for owner-user flexibility and partial occupancy options.
Where is this office units located?
The property is located at 600 Central Ave Ste G Lake Elsinore, CA.
What is the asking price?
The asking price for this property is $1,003,750.
What are key features of this property?
This property features: Turn‑key office suite in a building built in 1990; Eyebrow and window signage available; 2,514 SF available for owner‑occupant use
