Professional Office Space in
31569 Canyon Estates Dr, Lake Elsinore, CA 92532
Prime office space for sale in Lake Elsinore, California.
Type:Office
Property size:
1,715 SFPrice / SF:
$311/SF- Added:
- Nov 5, 2024
- Days on Market:
- 575
- Last Refresh:
- May 12 at 9:14 pm
Property Features for 31569 Canyon Estates Dr
General Information
- Standard status
- Active
- Size
- 1,715 SF
- Property subtype
- Office
Building Details
- Year Built
- 2008
Listing agent Jose Adan Moreno License #CA DRE: 01488658
Listing office Ponce & Ponce Realty
Listing date Nov 5, 2024
Source Crexi
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 Ponce & Ponce Realty
HighLights
- Prime location with easy I‑15 Freeway access and high visibility.
- Ground floor unit with a versatile layout suitable for various business needs.
- Professional office condominium ownership.
- Includes a welcoming receptionist area, multiple offices, a file room, and a private office with natural light.
- Ample, secure parking in a safe, professional environment.
- Utilities included.
Overview
Located in The Plaza, a two-story professional office building in Lake Elsinore, this ground floor office unit is available for purchase. The property is conveniently situated off the I-15 Freeway, providing accessibility for employees and clients. The office space features a reception area, multiple offices, a file room, and a private office with natural light. The layout is designed to accommodate multiple desks and workstations. The building offers professional office condominium ownership with utilities included. The current tenants represent a range of professional, medical, and dental offices. Ample, secure parking is available.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.3k | $22.92 |
| − Vacancy | −$3.4k | −$1.97 |
| EGI | $35.9k | $20.95 |
| − OpEx | −$9.0k | −$5.24 |
| NOI | $26.9k | $15.71 |
1,715 SF · lease $22.92/SF/yr · vacancy 8.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$384.9K
$336.8K – $449.1K
NOI $26,945 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$513.8K
$449.6K – $599.4K
NOI $35,965 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Pediatrics R US: ...
Pediatrician
Homayoun Pourshirazi,DMD
Dental Office
DIAMOND DENTAL
Dental Office
E4 Control Systems
Electronics & Wireless Store
Robles Realty Group, ...
Real Estate Agency
Location Insight
- Map
- Local Demand
- City
- Lake Elsinore
- County
- Riverside
- State
- California
- Longitude
- -117.3016932
- Latitude
- 33.6666055
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Prime office space for sale in Lake Elsinore, California.
Where is this office units located?
The property is located at 31569 Canyon Estates Dr Lake Elsinore, CA.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Prime location with easy I‑15 Freeway access and high visibility.; Ground floor unit with a versatile layout suitable for various business needs.; Professional office condominium ownership.
