Industrial Property with Fenced
For Sale
Contact for pricing
977 Main St, Riverside, CA
Two buildings on 0.73 acres with loading doors.
Property Size8,500 SF
Lot Size0.73 Acres
Price / SF$232.35
Days on Market369
Property Features for 977 Main St
General Information
Standard status
Active
Size
8,500 SF
Lot size
0.73 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Lee & Associates
(951) 276-3600
Listed By:
David Mudge · License #01070762
(949) 899-0557
Source:
Moodyscre
Added: Sep 12, 2025
Changed: Sep 7
Last Checked: Sep 14 at 11:02AM
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 Lee & Associates
Investment Insights
Based on property information with market context.
This industrial property features two buildings situated on a 0.73-acre lot. The property is zoned BMP, though verification is recommended. It includes four grade-level loading doors and offers a clear height of 11 feet. A fenced yard is also present.
Key Highlights
- Two Buildings on a Large 0.73 Acre Lot
- Zoned BMP (Verify)
- Fenced 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
$132,120
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
6.69%
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%
$2,642,400
$2.6M
Cap Rate 7%
$1,887,429
$1.9M
Cap Rate 9%
$1,468,000
$1.5M
Market Conditions
NOI Build-Up for 8,500 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
$156.1K $18.36/SF
− Vacancy
−$624 −$0.07/SF
EGI
$155.4K $18.29/SF
− OpEx
−$23.3K −$2.74/SF
NOI
$132.1K $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%
$2,642,400
Cap Rate 7%
$1,887,429
Cap Rate 9%
$1,468,000
Alternative Uses
Best Use
Warehouse
$1.89M
$1.65M – $2.20M
NOI $132,120 @ 7.0% cap · market cap 6.69%
Second Best
Industrial
$1.55M
$1.36M – $1.81M
NOI $108,805 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$2.92M
$2.55M – $3.40M
NOI $204,131 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
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Market
Vacancy Rate% for Industrial in West region
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Similar Off Market Nearby
- Alamo Storage — 4110 Alamo St, Riverside, CA 92501
- SecurCare Self Storage — 749 Main St, Riverside, CA 92501
- FLEETWOOD STORAGE AND LOGISTICS — 2200 Fleetwood Dr, Riverside, CA 92509
- Fruitripe — 341 Main St, Riverside, CA 92501
- Allied Storage Containers — 2901 S Riverside Ave # A, Colton, CA 92324
Frequently Asked Questions
What type of property is this?
Warehouse - Two buildings on 0.73 acres with loading doors.
Where is this warehouse located?
The property is located at 977 Main St Riverside, CA.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Two Buildings on a Large 0.73 Acre Lot; Zoned BMP (Verify); Fenced Yard
