Riverside Industrial Warehouse with
For Sale
$2,900,000
6675 Doolittle, Riverside, CA 92503
Well-maintained industrial warehouse with office, mezzanine, and secured yard.
Property Size9,867 SF
Lot Size0.78 Acres
Price / SF$293.91
Days on Market122
Property Features for 6675 Doolittle
General Information
Standard status
Active
Size
9,867 SF
Lot size
0.78 Acres
Property subtype
Industrial
Building Details
Building Size
9,867 SF
Year Built
2006
Listing Agency:
MGR Real Estate, Inc.
(900) 957-9135
Listed By:
Dan Dickson · License #01226387
Source:
Elliman
Added: Apr 22
Changed: Aug 11
Last Checked: Aug 21 at 1:22PM
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 MGR Real Estate, Inc.
Investment Insights
Based on property information with market context.
Located at 6675 Doolittle Ave in Riverside, CA, this industrial warehouse offers a versatile layout suitable for various industrial uses. Constructed in 2006 with tilt-up concrete, the property includes approximately 9,867 square feet, featuring 6,267 square feet of warehouse space, 1,800 square feet of office space, and an additional 1,800 square foot mezzanine. The warehouse has a 22-foot clear height and skylights for natural lighting. It is equipped with one dock-high loading position and one ground-level roll-up door. The electrical service is 400-amp, 277/480V. Situated on a 33,977 square foot lot, the site features a secured, gated yard and 28 on-site parking spaces, making it suitable for logistics, distribution, or contractor use.
Key Highlights
- ±9,867 SF industrial warehouse with flexible layout including warehouse, office, and mezzanine space
- Secured, gated yard and 28 on‑site parking spaces on a ±33,977 SF lot
- 22‑foot warehouse clear height and tilt‑up concrete construction (built in 2006)
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
$181,300
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
6.25%
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%
$3,626,000
$3.6M
Cap Rate 7%
$2,590,000
$2.6M
Cap Rate 9%
$2,014,444
$2.0M
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
$260.5K $26.40/SF
− Vacancy
−$18.8K −$1.90/SF
EGI
$241.7K $24.50/SF
− OpEx
−$60.4K −$6.12/SF
NOI
$181.3K $18.37/SF
Area
ZIP 92503
Vacancy
7.20%
Lease Rate
$26.40 /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%
$3,626,000
Cap Rate 7%
$2,590,000
Cap Rate 9%
$2,014,444
Alternative Uses
Best Use
Office B
$2.59M
$2.27M – $3.02M
NOI $181,300 @ 7.0% cap · market cap 6.25%
Second Best
Warehouse
$2.11M
$1.84M – $2.46M
NOI $147,541 @ 7.0% cap · market cap 5.09%
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
Location Intelligence
Trade Area within ½ mile
687
Businesses Nearby
Well-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 Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Airport Mini Storage — 7044 Arlington Ave, Riverside, CA 92503
- Extra Storage Riverside I — 6455 Van Buren Boulevard, Riverside, CA 92503
- J N Grease Services — 6227 Rutland Ave, Riverside, CA 92503
- Arlington Self Storage — 9660 Arlington Ave, Riverside, CA 92503
- CubeSmart Self Storage — 7600 Arlington Ave, Riverside, CA 92503
Frequently Asked Questions
What type of property is this?
Warehouse - Well-maintained industrial warehouse with office, mezzanine, and secured yard.
Where is this warehouse 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: ±9,867 SF industrial warehouse with flexible layout including warehouse, office, and mezzanine space; Secured, gated yard and 28 on‑site parking spaces on a ±33,977 SF lot; 22‑foot warehouse clear height and tilt‑up concrete construction (built in 2006)
