Office/Warehouse Flex
For Sale
$1,295,000
65090 San Jacinto Ln, Desert Hot Springs, CA 92240
Two office/warehouse buildings plus a fenced yard with extensive outside storage, currently approved for cannabis via CUP 30-17.
Property Size7,400 SF
Price / SF$175
Days on Market29
Property Features for 65090 San Jacinto Ln
General Information
Standard status
Active
Size
7,400 SF
Property subtype
Commercial
Additional Details
Fenced Yard
Yes
Building Details
Year Built
1991
Listing Agency:
Desert Pacific Properties
(760) 766-0517
Listed By:
Rebecca Ramirez · License #00702492
(760) 766-0517
Source:
Elliman
Added: Jul 19
Changed: Aug 15
Last Checked: Aug 16 at 7:04AM
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 Desert Pacific Properties
Investment Insights
Based on property information with market context.
This flex-style property includes two office/warehouse buildings totaling 7,400 SF. Building 1 offers 2,719 SF configured as office and warehouse space. Building 2 provides 4,681 SF with office/warehouse space and an additional mezzanine area, designed to support operational needs alongside office use.
The site also features a fenced yard with extensive outside storage. The property is currently approved for a cannabis operation under CUP 30-17. Day-to-day access is expected to be car-dependent, based on walkScore of 1 and transitScore of 0.
Overall, it’s a multi-building setup with indoor work areas and on-site outdoor storage space, which can be relevant for contractor, mechanic, auto body, or landscape-style operations requiring both covered and open storage.
The site also features a fenced yard with extensive outside storage. The property is currently approved for a cannabis operation under CUP 30-17. Day-to-day access is expected to be car-dependent, based on walkScore of 1 and transitScore of 0.
Overall, it’s a multi-building setup with indoor work areas and on-site outdoor storage space, which can be relevant for contractor, mechanic, auto body, or landscape-style operations requiring both covered and open storage.
Key Highlights
- Two office/warehouse buildings totaling 7,400 SF
- Building 1 offers 2,719 SF office/warehouse space
- Building 2 offers 4,681 SF office/warehouse space plus mezzanine
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
$73,789
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
5.70%
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%
$1,475,780
$1.5M
Cap Rate 7%
$1,054,129
$1.1M
Cap Rate 9%
$819,878
$819.9K
Market Conditions
NOI Build-Up for 7,400 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
$92.4K $12.48/SF
− Vacancy
−$5.5K −$0.75/SF
EGI
$86.8K $11.73/SF
− OpEx
−$13.0K −$1.76/SF
NOI
$73.8K $9.97/SF
Area
Riverside County, CA
Vacancy
6.00%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
15.00%
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%
$1,475,780
Cap Rate 7%
$1,054,129
Cap Rate 9%
$819,878
Alternative Uses
Best Use
Warehouse
$1.05M
$922.4K – $1.23M
NOI $73,789 @ 7.0% cap · market cap 5.70%
Second Best
Industrial
$868.1K
$759.6K – $1.01M
NOI $60,768 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$2.22M
$1.94M – $2.59M
NOI $155,184 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92240, CA
40,920
Population
15,977
Households
2.6
Avg Household Size
34
Median Age
15%
College-Educated
78%
High-School Grad
35.7 sq mi
ZIP Area
1,146
Density / Sq Mi
$51,284
Median Household Income
$32,137
Median Earnings
$1,367
Median Rent
$294,200
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two office/warehouse buildings plus a fenced yard with extensive outside storage, currently approved for cannabis via CUP 30-17.
Where is this flex space located?
The property is located at 65090 San Jacinto Ln Desert Hot Springs, CA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Two office/warehouse buildings totaling 7,400 SF; Building 1 offers 2,719 SF office/warehouse space; Building 2 offers 4,681 SF office/warehouse space plus mezzanine
