Flex Space with Secured
For Sale
$2,900,000
6675 Doolittle, Riverside, CA 92503
Commercial Sale, Riverside, CA
Property Size9,867 SF
Lot Size0.78 Acres
Price / SF$293.91
Days on Market129
Property Features for 6675 Doolittle
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
BMP
Directions
Corner of Doolittle Ave. & Morris Street
Subdivision
252 - Riverside
Standard status
Active
APN
155280063
Lot size
0.78 Acres
Amenities
secured, gated yard
skylights
Building Details
Year built
2006
Listing Agency:
MGR REAL ESTATE, INC.
(909) 981-4466
Listed By:
Dan Dickson · License #01226387
(909) 262-5986
Added: Apr 20
Changed: Aug 24
Last Checked: Aug 26 at 11:06AM
MLS# CV26085904
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 6675 Doolittle Ave in Riverside, California, this flex property provides approximately 9,867 square feet across multiple functional areas. The building includes approximately 6,267 SF of warehouse space, approximately 1,800 SF of office area, and an additional approximately 1,800 SF mezzanine. A secured, gated yard supports controlled site access, while 28 on-site parking spaces accommodate staff and visitors.
Industrial improvements include one dock-high loading position, one ground-level roll-up door, and 22-foot warehouse clear height. The property is equipped with 400-amp, 277/480V electrical service and skylights for natural illumination. Tilt-up concrete construction dates to 2006, providing a durable building format for industrial operations, storage, and administrative functions. The site occupies approximately 33,977 square feet and is identified with BMP zoning.
Industrial improvements include one dock-high loading position, one ground-level roll-up door, and 22-foot warehouse clear height. The property is equipped with 400-amp, 277/480V electrical service and skylights for natural illumination. Tilt-up concrete construction dates to 2006, providing a durable building format for industrial operations, storage, and administrative functions. The site occupies approximately 33,977 square feet and is identified with BMP zoning.
Key Highlights
- Approximately 9,867 square feet of total building area
- Warehouse, office, and mezzanine areas of approximately 6,267 SF, 1,800 SF, and 1,800 SF
- Secured, gated yard on an approximately 33,977‑square‑foot lot
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
$147,541
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
5.09%
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%
$2,950,820
$3.0M
Cap Rate 7%
$2,107,729
$2.1M
Cap Rate 9%
$1,639,344
$1.6M
Market Conditions
NOI Build-Up for 9,867 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
$188.3K $19.08/SF
− Vacancy
−$14.7K −$1.49/SF
EGI
$173.6K $17.59/SF
− OpEx
−$26.0K −$2.64/SF
NOI
$147.5K $14.95/SF
Area
ZIP 92503
Vacancy
7.80%
Lease Rate
$19.08 /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%
$2,950,820
Cap Rate 7%
$2,107,729
Cap Rate 9%
$1,639,344
Alternative Uses
Best Use
Warehouse
$2.11M
$1.84M – $2.46M
NOI $147,541 @ 7.0% cap · market cap 5.09%
Second Best
Flex RnD
$1.84M
$1.61M – $2.15M
NOI $128,835 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$3.38M
$2.96M – $3.95M
NOI $236,709 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
22 ft
Clear height
1
Dock-high doors
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
687
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92503, CA
90,011
Population
25,802
Households
3.5
Avg Household Size
35
Median Age
21%
College-Educated
81%
High-School Grad
34.3 sq mi
ZIP Area
2,624
Density / Sq Mi
$91,523
Median Household Income
$42,150
Median Earnings
$1,801
Median Rent
$556,300
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 - Industrial layout combines warehouse, office, and mezzanine areas for flexible operations and storage.
Where is this flex space located?
The property is located at 6675 Doolittle Riverside, CA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Approximately 9,867 square feet of total building area; Warehouse, office, and mezzanine areas of approximately 6,267 SF, 1,800 SF, and 1,800 SF; Secured, gated yard on an approximately 33,977‑square‑foot lot
