Listing Agency: Catalyst Retail, Inc.

Listed By: Jay Nichols · License #CA 01905191

Source: Crexi

Added: Mar 26 Changed: Oct 7 Last Checked: Oct 19 at 5:38AM

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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.

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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 / Yr

$208,682

Cap Rate

5.96%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,173,640 $4.2M

Cap Rate 7%

$2,981,171 $3.0M

Cap Rate 9%

$2,318,689 $2.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 13,282 SF

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 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 (±1% cap)

NOI $208,682 @ 7.0% cap · market cap 5.96%

Second Best

Retail

$2.72M

$2.38M – $3.17M (±1% cap)

NOI $190,381 @ 7.0% cap · market cap 5.44%

Theoretical Best

Office A

$3.98M

$3.48M – $4.64M (±1% cap)

NOI $278,534 @ 7.0% cap · market cap 7.96%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Retail properties & Spaces

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

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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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.