Prime Commercial Property For
600 S D St Perris, CA 92570
For Sale
$1,500,000
Pending
Corner property with redevelopment potential in a growing area.
Property Size6,200 SF
Lot Size1.00 Acre
Days on Market94
Property Features for 600 S D St
General Information
- Standard status
- Pending
- Size
- 6,200 SF
- Lot size
- 1.00 Acre
- Property subtype
- Commercial
Building Details
- Year Built
- 1940
Listing Agency:
Marin Realty Group
(951) 657-4400
Listed By:
Jose Marin · License #01753895
(951) 657-4400
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 23 at 5:33AM
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 Marin Realty Group
Investment Insights
Based on property information with market context.
The commercial building at 600 S D St. encompasses approximately 6,200 Sq. Ft. and features a large common space for gathering, a bar, and a storage room. The corner property fronts D St. and includes three parcels totaling over 1 acre. The site offers redevelopment potential and is positioned in an established and growing area with visibility, convenient access, and proximity to key transportation routes, employment centers, and amenities. Redevelopment concepts include mixed-use, retail, office, and multifamily, subject to zoning and approvals. The surrounding area benefits from ongoing investment, population growth, and increasing demand for modern commercial and residential space. The property is suitable for developers, investors, and owner-users seeking to reposition an asset or deliver a new project. The commercial building sits on one of the parcels, while the other two are vacant and used for parking. There is great potential for new development in the Downtown area. Zoning and development standards fall under the Downtown specific plan, allowing building up to 3 stories with mixed uses. The city of Perris is completing the D St. beautification efforts.
Key Highlights
- Over 1 acre of prime real estate encompassing an entire city block.
- Strategically located corner property on D St. with strong visibility and convenient access.
- Significant redevelopment potential for mixed‑use, retail, office, and/or multifamily projects (subject to zoning and approvals).
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $142.1k | $22.92 |
| − Vacancy | −$12.2k | −$1.97 |
| EGI | $129.9k | $20.95 |
| − OpEx | −$32.5k | −$5.24 |
| NOI | $97.4k | $15.71 |
6,200 SF · lease $22.92/SF/yr · vacancy 8.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.39M
$1.22M – $1.62M
NOI $97,412 @ 7.0% cap · market cap 6.49%
Second Best
Retail
$1.27M
$1.11M – $1.48M
NOI $88,869 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,019 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
American Legion Post ...
Advocacy Group
FAQs
What type of property is this?
Commercial land - Corner property with redevelopment potential in a growing area.
Where is this commercial land located?
The property is located at 600 S D St Perris, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Over 1 acre of prime real estate encompassing an entire city block.; Strategically located corner property on D St. with strong visibility and convenient access.; Significant redevelopment potential for mixed‑use, retail, office, and/or multifamily projects (subject to zoning and approvals).
