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    Freeway Frontage Industrial Property Title is generated by Realmo AI

    23305 Peggy Lane, Wildomar, CA 92595

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    Industrial property with freeway frontage and income-producing tenants.

    Type:Industrial
    Property size:
    9,000 SF
    Lot size:
    3.00 Acres
    Price / SF:
    $250/SF
    Added:
    Sep 24, 2023
    Days on Market:
    1018
    Last Refresh:
    Jul 5 at 6:21 am

    Property Features for 23305 Peggy Lane

    General Information

    Standard status
    Active
    Size
    9,000 SF
    Lot size
    3.00 Acres
    Property subtype
    Industrial

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    Kris Hansen
    Kris Hansen

    Listing office Coldwell Banker Associated Brokers Realty

    Listing date Sep 24, 2023

    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 Coldwell Banker Associated Brokers Realty

    HighLights

    • MSC Zoning
    • Freeway Frontage: 600 +/- feet on the 15 FWY
    • Income‑producing tenants
    • 3+ acres of flat, usable, and fully fenced land
    • Approximately 9000 sqft of building space
    • 1600 sqft of remodeled office space

    Overview

    This property, zoned MSC, is located along the 15 Freeway between Wildomar Trail and Clinton Keith. It features approximately 600 feet of freeway frontage. The site includes about 9,000 square feet of building space, along with 1,600 square feet of remodeled office space. The property consists of over three acres of flat, usable, and fully fenced land. It is currently occupied by income-producing tenants. The property operates on well and septic systems.

    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 $206.3k $22.92
    − Vacancy −$17.7k −$1.97
    EGI $188.5k $20.95
    − OpEx −$47.1k −$5.24
    NOI $141.4k $15.71
    9,000 SF · lease $22.92/SF/yr · vacancy 8.60% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $2.02M
    $1.77M – $2.36M (±1% cap)
    NOI $141,405 @ 7.0% cap · market cap 6.28%
    Second Best
    Industrial
    $1.06M
    $923.8K – $1.23M (±1% cap)
    NOI $73,907 @ 7.0% cap · market cap 3.28%
    Theoretical Best
    Office A
    $2.70M
    $2.36M – $3.15M (±1% cap)
    NOI $188,737 @ 7.0% cap · market cap 8.39%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Law Firm Big Box & Wholesale Store Real Estate Agency Auto Repair Shop Restaurant Hotel & Motel Auto Parts Store Spa & Massage Center Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wildomar
    County
    Riverside
    State
    California
    Longitude
    -117.2535817
    Latitude
    33.6066244

    FAQs

    What type of property is this?
    Industrial property - Industrial property with freeway frontage and income-producing tenants.
    Where is this industrial property located?
    The property is located at 23305 Peggy Lane Wildomar, CA.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: MSC Zoning; **Freeway Frontage: 600 +/- feet on the 15 FWY**; Income‑producing tenants
    More about this property
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