Multi-Unit Flex
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For Sale
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7372 Sycamore Canyon Blvd, Riverside, CA 92508
Flexible commercial building with separately metered units, showroom space, offices, and grade-level loading access.
Property Size28,449 SF
Price / SF$250
Days on Market4
Property Features for 7372 Sycamore Canyon Blvd
General Information
Standard status
Active
Size
28,449 SF
Property subtype
INDUSTRIAL
Listing Agency:
Cushman & Wakefield
(909) 980-7788
Listed By:
Ryan Velasquez
(909) 942-4673
Source:
Moodyscre
Added: Sep 16
Changed: Sep 18
Last Checked: Sep 18 at 3:37AM
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 Cushman & Wakefield
Investment Insights
Based on property information with market context.
This flex property provides 28,449 SF within a 1.83-acre business park setting and can be divided into three separately metered units. The layout combines showroom, office, and warehouse functionality, supporting a range of commercial occupancies within one building.
The northwest unit includes a 2,500 SF showroom, two offices, and a 480 SF upstairs office. The middle unit contains 1,500 SF of office space. Five grade-level doors measuring 12' x 14' and one external dock-high truck well provide multiple loading options for commercial operations.
The northwest unit includes a 2,500 SF showroom, two offices, and a 480 SF upstairs office. The middle unit contains 1,500 SF of office space. Five grade-level doors measuring 12' x 14' and one external dock-high truck well provide multiple loading options for commercial operations.
Key Highlights
- 28,449 SF building on 1.83 acres
- Divisible into 3 separately metered units
- 2,500 SF showroom with 2 offices and a 480 SF upstairs office
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
$442,199
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
6.22%
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%
$8,843,980
$8.8M
Cap Rate 7%
$6,317,129
$6.3M
Cap Rate 9%
$4,913,322
$4.9M
Market Conditions
NOI Build-Up for 28,449 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
$522.3K $18.36/SF
− Vacancy
−$2.1K −$0.07/SF
EGI
$520.2K $18.29/SF
− OpEx
−$78.0K −$2.74/SF
NOI
$442.2K $15.54/SF
Area
Riverside, CA
Vacancy
0.40%
Lease Rate
$18.36 /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%
$8,843,980
Cap Rate 7%
$6,317,129
Cap Rate 9%
$4,913,322
Alternative Uses
Best Use
Warehouse
$6.32M
$5.53M – $7.37M
NOI $442,199 @ 7.0% cap · market cap 6.22%
Second Best
Retail
$5.83M
$5.10M – $6.80M
NOI $407,781 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$9.76M
$8.54M – $11.39M
NOI $683,213 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 92508, CA
35,415
Population
10,356
Households
3.4
Avg Household Size
36
Median Age
38%
College-Educated
92%
High-School Grad
11.0 sq mi
ZIP Area
3,220
Density / Sq Mi
$144,485
Median Household Income
$60,123
Median Earnings
$2,560
Median Rent
$656,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial building with separately metered units, showroom space, offices, and grade-level loading access.
Where is this flex space located?
The property is located at 7372 Sycamore Canyon Blvd Riverside, CA.
What is the asking price?
The asking price for this property is $7,112,250.
What are key features of this property?
This property features: 28,449 SF building on 1.83 acres; Divisible into 3 separately metered units; 2,500 SF showroom with 2 offices and a 480 SF upstairs office
