Retail Strip Mall
For Sale
$1,399,999
6692 Magnolia, Riverside, CA 92506
For-sale retail strip mall with storefront space located in Riverside County.
Property Size3,708 SF
Days on Market64
Property Features for 6692 Magnolia
General Information
Standard status
Active
Size
3,708 SF
Zoning
C3
Amenities
Ductless, Wall/Window Unit(s)
Ductless, Heat Pump
Building Details
Building Size
3,708 SF
Year Built
1957
Buildings
2
Stories
1
Listing Agency:
WSR Real Estate
Listed By:
JEFFREY WOLSLEGER · License #01253398
(951) 682-1000
Source:
Evrealestate
Added: Jul 5
Changed: Aug 16
Last Checked: Sep 6 at 4:55AM
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 WSR Real Estate
Investment Insights
Based on property information with market context.
This for-sale retail strip mall offers storefront-focused commercial space suitable for a range of neighborhood retail uses. The listing is provided as a retail property with a strip-mall format, reflecting multiple storefront-style units within the overall shopping center configuration.
The property is located at 6692 Magnolia in Riverside County, CA 92506. It is listed for $1,799,999.
With the information currently available, prospective tenants and buyers should confirm unit count, current occupancy, and any available rent or offering details with the listing broker.
The property is located at 6692 Magnolia in Riverside County, CA 92506. It is listed for $1,799,999.
With the information currently available, prospective tenants and buyers should confirm unit count, current occupancy, and any available rent or offering details with the listing broker.
Key Highlights
- Retail strip mall with storefront space in Riverside County
- Year built: 1957
- Ductless heating with heat pump
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
$53,150
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
3.80%
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%
$1,063,000
$1.1M
Cap Rate 7%
$759,286
$759.3K
Cap Rate 9%
$590,556
$590.6K
Market Conditions
NOI Build-Up for 3,708 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
$80.1K $21.60/SF
− Vacancy
−$4.2K −$1.12/SF
EGI
$75.9K $20.48/SF
− OpEx
−$22.8K −$6.14/SF
NOI
$53.1K $14.33/SF
Area
ZIP 92506
Vacancy
5.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$1,063,000
Cap Rate 7%
$759,286
Cap Rate 9%
$590,556
Alternative Uses
Best Use
Retail
$759.3K
$664.4K – $885.8K
NOI $53,150 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $89,049 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,271
Businesses Nearby
518k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 20%
Apparel 10%
Leisure 8%
Regal Cinemas Riverside Plaza 16
Leisure
42,519 visits/mo
0.5 miles
Burlington
Apparel
31,702 visits/mo
0.4 miles
Chick-fil-A
Dining
28,686 visits/mo
0.3 miles
Jack in the Box
Dining
24,974 visits/mo
0.5 miles
Wendy's
Dining
21,227 visits/mo
0.4 miles
Demographics for 92506, CA
45,185
Population
15,407
Households
2.9
Avg Household Size
41
Median Age
42%
College-Educated
93%
High-School Grad
16.2 sq mi
ZIP Area
2,789
Density / Sq Mi
$120,877
Median Household Income
$51,224
Median Earnings
$1,814
Median Rent
$634,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - For-sale retail strip mall with storefront space located in Riverside County.
Where is this strip mall located?
The property is located at 6692 Magnolia Riverside, CA.
What is the asking price?
The asking price for this property is $1,399,999.
What are key features of this property?
This property features: Retail strip mall with storefront space in Riverside County; Year built: 1957; Ductless heating with heat pump
