Multi-Tenant Warehouse with 9
For Sale
Contact for pricing
850 S Cawston Ave, Hemet, CA 92545
Six-unit warehouse with nine 10'x10' ground-level doors, 12' clear height, and a newly installed sprinkler system.
Property Size16,200 SF
Price / SF$259.26
Days on Market76
Property Features for 850 S Cawston Ave
General Information
Standard status
Active
Size
16,200 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
12 ft
Drive-In Doors
9
Heavy Power
Yes
Sprinkler System
Yes
Building Details
Tenancy
Multi
Listing Agency:
Newmark - Ontario
(909) 605-1100
Listed By:
Craig McKenzie
(626) 664-1567
Source:
Moodyscre
Added: Jul 7
Changed: Sep 4
Last Checked: Sep 20 at 11:15AM
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 Newmark - Ontario
Investment Insights
Based on property information with market context.
This multi-tenant warehouse building is positioned for an owner/user and features six units with practical ground-level access. There are nine ground-level doors, each sized at 10' x 10', supporting straightforward move-in and operations. The facility offers 12' clear height and includes a new sprinkler system.
Each unit is served with 200 Amp, 277 Volt, 3 Phase electrical service, providing measured power capacity across the building’s configuration. The property is located at 850 S Cawston Ave in Hemet, CA.
The combination of multiple unit layout, multiple roll-up doors, and updated fire suppression make the building well-suited for tenants seeking warehouse space with direct, ground-level loading.
Each unit is served with 200 Amp, 277 Volt, 3 Phase electrical service, providing measured power capacity across the building’s configuration. The property is located at 850 S Cawston Ave in Hemet, CA.
The combination of multiple unit layout, multiple roll-up doors, and updated fire suppression make the building well-suited for tenants seeking warehouse space with direct, ground-level loading.
Key Highlights
- Multi‑tenant warehouse building with 6 units
- 9 ground‑level doors, each 10' x 10'
- 12' clear height
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
$161,539
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
3.85%
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%
$3,230,780
$3.2M
Cap Rate 7%
$2,307,700
$2.3M
Cap Rate 9%
$1,794,878
$1.8M
Market Conditions
NOI Build-Up for 16,200 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
$202.2K $12.48/SF
− Vacancy
−$12.1K −$0.75/SF
EGI
$190.0K $11.73/SF
− OpEx
−$28.5K −$1.76/SF
NOI
$161.5K $9.97/SF
Area
Riverside County, CA
Vacancy
6.00%
Lease Rate
$12.48 /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%
$3,230,780
Cap Rate 7%
$2,307,700
Cap Rate 9%
$1,794,878
Alternative Uses
Best Use
Warehouse
$2.31M
$2.02M – $2.69M
NOI $161,539 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.85M
$4.25M – $5.66M
NOI $339,727 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
12 ft
Clear height
9
Drive-in doors
Multi-tenant
Tenancy
Yes
Heavy power
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
433
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 92545, CA
44,072
Population
17,533
Households
2.5
Avg Household Size
45
Median Age
17%
College-Educated
84%
High-School Grad
29.7 sq mi
ZIP Area
1,484
Density / Sq Mi
$59,575
Median Household Income
$41,732
Median Earnings
$1,778
Median Rent
$334,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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
- A Storage Place — 3450 Wentworth Dr, Hemet, CA 92545
- Extra Space Storage — 750 S Sanderson Ave, Hemet, CA 92545
Frequently Asked Questions
What type of property is this?
Warehouse - Six-unit warehouse with nine 10'x10' ground-level doors, 12' clear height, and a newly installed sprinkler system.
Where is this warehouse located?
The property is located at 850 S Cawston Ave Hemet, CA.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Multi‑tenant warehouse building with 6 units; 9 ground‑level doors, each 10' x 10'; 12' clear height
