Prime Commercial Property For
For Sale
$1,500,000
Pending
600 S D Street, Perris, CA 92570
Corner property with redevelopment potential in a growing area.
Property Size6,200 SF
Lot Size1.00 Acre
Days on Market243
Property Features for 600 S D Street
General Information
Standard status
Pending
Size
6,200 SF
Lot size
1.00 Acre
Property subtype
Commercial/Industrial
Building Details
Year Built
1940
Listing Agency:
Marin Realty Group
(951) 657-4400
Listed By:
Jose Marin · License #01753895
(951) 830-2967
Source:
Exitrealty
Added: Feb 13
Changed: Sep 10
Last Checked: Sep 15 at 4:36AM
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
Estimated NOI and Cap Rate
NOI / Yr
$97,412
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,948,240
$1.9M
Cap Rate 7%
$1,391,600
$1.4M
Cap Rate 9%
$1,082,356
$1.1M
Market Conditions
NOI Build-Up for 6,200 SF
Gross rent
$142.1K $22.92/SF
− Vacancy
−$12.2K −$1.97/SF
EGI
$129.9K $20.95/SF
− OpEx
−$32.5K −$5.24/SF
NOI
$97.4K $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 Rate 5%
$1,948,240
Cap Rate 7%
$1,391,600
Cap Rate 9%
$1,082,356
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 authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
869
Businesses Nearby
Explore this area
Business Placement
Demographics for 92570, CA
59,015
Population
15,590
Households
3.8
Avg Household Size
32
Median Age
10%
College-Educated
68%
High-School Grad
106.3 sq mi
ZIP Area
555
Density / Sq Mi
$77,570
Median Household Income
$34,671
Median Earnings
$1,461
Median Rent
$419,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
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 Street 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).
