Freestanding Warehouse in Cottonwood
For Sale
$2,135,868
7211 Old 215 Frontage Rd., Riverside, CA 92507
Freestanding warehouse building in Cottonwood Creek Business Park.
Property Size6,492 SF
Price / SF$329
Days on Market280
Property Features for 7211 Old 215 Frontage Rd.
General Information
Standard status
Active
Size
6,492 SF
Property subtype
Industrial
Building Details
Building Size
6,492 SF
Year Built
2008
Listing Agency:
Lee & Associates - Riverside
(951) 276-3623
Listed By:
Vic Onorio · License #CalDRE #932747
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Aug 22
Last Checked: Sep 1 at 3:50PM
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 Lee & Associates - Riverside
Investment Insights
Based on property information with market context.
This freestanding warehouse building, constructed in 2008, is situated at the entrance to Cottonwood Creek Business Park. The property offers convenient freeway access and potential yard space. The building provides bonus storage space above the offices, featuring a concrete floor. The property has a total size of 6,492 square feet and is available with 30 days notice.
Key Highlights
- Free‑standing building.
- Constructed in 2008.
- High image, with freeway proximity.
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
$97,075
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
4.54%
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%
$1,941,500
$1.9M
Cap Rate 7%
$1,386,786
$1.4M
Cap Rate 9%
$1,078,611
$1.1M
Market Conditions
NOI Build-Up for 6,492 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
$123.9K $19.08/SF
− Vacancy
−$9.7K −$1.49/SF
EGI
$114.2K $17.59/SF
− OpEx
−$17.1K −$2.64/SF
NOI
$97.1K $14.95/SF
Area
ZIP 92507
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%
$1,941,500
Cap Rate 7%
$1,386,786
Cap Rate 9%
$1,078,611
Alternative Uses
Best Use
Warehouse
$1.39M
$1.21M – $1.62M
NOI $97,075 @ 7.0% cap · market cap 4.54%
Second Best
Industrial
$1.14M
$999.3K – $1.33M
NOI $79,944 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$2.22M
$1.95M – $2.60M
NOI $155,743 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
583
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92507, CA
63,191
Population
19,739
Households
3.2
Avg Household Size
28
Median Age
32%
College-Educated
84%
High-School Grad
21.4 sq mi
ZIP Area
2,953
Density / Sq Mi
$72,367
Median Household Income
$31,961
Median Earnings
$1,780
Median Rent
$503,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Warehouse 2 — Riverside, CA 92507
- RightSpace Storage — 1385 W Blaine St, Riverside, CA 92507
- Westend Logistics — 2939 Elgin Dr, Riverside, CA 92507
Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding warehouse building in Cottonwood Creek Business Park.
Where is this warehouse located?
The property is located at 7211 Old 215 Frontage Rd. Riverside, CA.
What is the asking price?
The asking price for this property is $2,135,868.
What are key features of this property?
This property features: Free‑standing building.; Constructed in 2008.; High image, with freeway proximity.
