Calimesa Commercial Property For
For Sale
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Nec Tukwet Canyon Pkwy & Desert Lawn Dr, Calimesa, CA 92320
Commercial property available for sale in Calimesa, California.
Property Size13,282 SF
Price / SF$263.51
Days on Market154
Property Features for Nec Tukwet Canyon Pkwy & Desert Lawn Dr
General Information
Standard status
Active
Size
13,282 SF
Property subtype
Retail, Office
Listing Agency:
Catalyst Retail, Inc.
Listed By:
Jay Nichols · License #CA 01905191
Source:
Crexi
Added: Mar 26
Changed: Aug 8
Last Checked: Aug 25 at 1:21PM
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 Catalyst Retail, Inc.
Investment Insights
Based on property information with market context.
This commercial property in Calimesa, California, is available for sale. The property encompasses 13,282 square feet and is suitable for retail or office use.
Key Highlights
- No property information was provided to extract selling points.
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
$208,682
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
5.96%
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%
$4,173,640
$4.2M
Cap Rate 7%
$2,981,171
$3.0M
Cap Rate 9%
$2,318,689
$2.3M
Market Conditions
NOI Build-Up for 13,282 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
$304.4K $22.92/SF
− Vacancy
−$26.2K −$1.97/SF
EGI
$278.2K $20.95/SF
− OpEx
−$69.6K −$5.24/SF
NOI
$208.7K $15.71/SF
Area
Riverside County, CA
Vacancy
8.60%
Lease Rate
$22.92 /SF/Yr
Expense Ratio
25.00%
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%
$4,173,640
Cap Rate 7%
$2,981,171
Cap Rate 9%
$2,318,689
Alternative Uses
Best Use
Office B
$2.98M
$2.61M – $3.48M
NOI $208,682 @ 7.0% cap · market cap 5.96%
Second Best
Retail
$2.72M
$2.38M – $3.17M
NOI $190,381 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$3.98M
$3.48M – $4.64M
NOI $278,534 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 92320, CA
10,036
Population
4,156
Households
2.4
Avg Household Size
46
Median Age
30%
College-Educated
91%
High-School Grad
13.9 sq mi
ZIP Area
722
Density / Sq Mi
$90,313
Median Household Income
$57,191
Median Earnings
$1,852
Median Rent
$423,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - Commercial property available for sale in Calimesa, California.
Where is this retail property located?
The property is located at Nec Tukwet Canyon Pkwy & Desert Lawn Dr Calimesa, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: No property information was provided to extract selling points.
