Industrial Property with Truck
For Sale
Contact for pricing
909 Center St., Riverside, CA 92507
Improved industrial property with secured outdoor storage areas, dedicated electrical capacity, and access from two streets.
Property Size9,600 SF
Lot Size2.82 Acres
Price / SF$345.48
Days on Market115
Property Features for 909 Center St.
General Information
Standard status
Active
Size
9,600 SF
Lot size
2.82 Acres
Property subtype
Industrial
Zoning
M-SC
Investment Type
Owner/User
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Land
Land Use
industrial
Entitled
No
Additional Details
Power
400 amps
Amenities
secured fenced concrete truck yard
secured fenced crushed base storage yard
400 Amp Panel
Building Details
Buildings
2
Tenancy
Single
Building Size
9,600 SF
Listing Agency:
Voit Real Estate Services
(909) 545-8091
Listed By:
Shy Assar · License #CA
Source:
Crexi
Added: May 7
Changed: Aug 29
Last Checked: Aug 29 at 4:54PM
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 Voit Real Estate Services
Investment Insights
Based on property information with market context.
Located at 909 Center St. in Riverside, this industrial property combines a 9,600-square-foot building with approximately 2.82 acres of industrial land. The site includes a secured, fenced concrete truck yard and a separate secured, fenced crushed-base storage yard.
Zoned M-SC (Manufacturing - Service Commercial), the property has a 400 Amp electrical panel and two street access points. A pallet-yard entitlement is nearing completion. The offering is available for sale or lease.
Zoned M-SC (Manufacturing - Service Commercial), the property has a 400 Amp electrical panel and two street access points. A pallet-yard entitlement is nearing completion. The offering is available for sale or lease.
Key Highlights
- 9,600 SF building on approximately 2.82 acres of industrial land
- Secured, fenced concrete truck yard
- Secured, fenced crushed‑base storage yard
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
$143,549
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
4.33%
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%
$2,870,980
$2.9M
Cap Rate 7%
$2,050,700
$2.1M
Cap Rate 9%
$1,594,989
$1.6M
Market Conditions
NOI Build-Up for 9,600 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
$183.2K $19.08/SF
− Vacancy
−$14.3K −$1.49/SF
EGI
$168.9K $17.59/SF
− OpEx
−$25.3K −$2.64/SF
NOI
$143.5K $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%
$2,870,980
Cap Rate 7%
$2,050,700
Cap Rate 9%
$1,594,989
Alternative Uses
Best Use
Warehouse
$2.05M
$1.79M – $2.39M
NOI $143,549 @ 7.0% cap · market cap 4.33%
Second Best
Industrial
$1.69M
$1.48M – $1.97M
NOI $118,217 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$3.29M
$2.88M – $3.84M
NOI $230,303 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Industrial property - Improved industrial property with secured outdoor storage areas, dedicated electrical capacity, and access from two streets.
Where is this industrial property located?
The property is located at 909 Center St. Riverside, CA.
What is the asking price?
The asking price for this property is $3,316,653.
What are key features of this property?
This property features: 9,600 SF building on approximately 2.82 acres of industrial land; Secured, fenced concrete truck yard; Secured, fenced crushed‑base storage yard
