Office Suite for
For Sale
Contact for pricing
600 Central Ave. Ste G, Lake Elsinore, CA 92530
Suite G office space offered for sale at 600 Central Ave in Lake Elsinore, California.
Property Size4,015 SF
Price / SF$250
Days on Market65
Property Features for 600 Central Ave. Ste G
General Information
Standard status
Active
Size
4,015 SF
Property subtype
Retail, Office
Zoning
C-M Commercial Manufacturing District
Investment Type
Owner/User
Listing Agency:
Lee & Associates - Temecula Valley
(951) 445-4500
Listed By:
Matt Shaw · License #CA 01917622
Source:
Crexi
Added: Jun 5
Changed: Aug 8
Last Checked: Aug 8 at 12:42PM
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 identified as Suite G at 600 Central Ave. The offering is categorized for both office and retail-style use, aligning it with buyers seeking a compact commercial space within a multi-suite building.
The property is located at 600 Central Ave in Lake Elsinore, CA 92507. As presented, the listing specifically references the suite-level unit at Ste G, which can be relevant for tenants or buyers looking for a defined, addressable space rather than a standalone parcel.
For tenants, the suite configuration supports businesses that want a dedicated office environment at a street-address location in Lake Elsinore. For buyers, Suite G represents a defined commercial unit within the broader commercial real estate offering categories listed for the property. While the current public remarks provide suite identification and address details, prospective users and buyers should conduct their due diligence on the interior layout, condition, and any property services associated with the suite prior to making decisions.
The property is located at 600 Central Ave in Lake Elsinore, CA 92507. As presented, the listing specifically references the suite-level unit at Ste G, which can be relevant for tenants or buyers looking for a defined, addressable space rather than a standalone parcel.
For tenants, the suite configuration supports businesses that want a dedicated office environment at a street-address location in Lake Elsinore. For buyers, Suite G represents a defined commercial unit within the broader commercial real estate offering categories listed for the property. While the current public remarks provide suite identification and address details, prospective users and buyers should conduct their due diligence on the interior layout, condition, and any property services associated with the suite prior to making decisions.
Key Highlights
- For sale: office suite G at 600 Central Ave, Lake Elsinore, CA 92507
- Suite G office space located at 600 Central Ave in Lake Elsinore, California
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
$63,082
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
6.28%
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%
$1,261,640
$1.3M
Cap Rate 7%
$901,171
$901.2K
Cap Rate 9%
$700,911
$700.9K
Market Conditions
NOI Build-Up for 4,015 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
$92.0K $22.92/SF
− Vacancy
−$7.9K −$1.97/SF
EGI
$84.1K $20.95/SF
− OpEx
−$21.0K −$5.24/SF
NOI
$63.1K $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%
$1,261,640
Cap Rate 7%
$901,171
Cap Rate 9%
$700,911
Alternative Uses
Best Use
Office B
$901.2K
$788.5K – $1.05M
NOI $63,082 @ 7.0% cap · market cap 6.28%
Second Best
Retail
$822.1K
$719.4K – $959.2K
NOI $57,550 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,198 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
942
Businesses Nearby
Well-served
Demand for This Use
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?
Storefront property - Suite G office space offered for sale at 600 Central Ave in Lake Elsinore, California.
Where is this storefront property 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: For sale: office suite G at 600 Central Ave, Lake Elsinore, CA 92507; Suite G office space located at 600 Central Ave in Lake Elsinore, California
