Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    37377 Industry Way Murrieta, CA 92563
    Back to Search
    Property profile & analytics

    37377 Industry Way, Murrieta, CA 92563

    View on Map
    • Warehouses
    • 6,833 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 37377 Industry Way

    Property type
    Warehouses
    Property subtype
    Office Spaces

    Description

    This exceptional single-tenant property, located at 37377 Industry Way in Murrieta, California (zip code 92563), offers 6,833 square feet of versatile space ideal for a variety of businesses. The property is part of the French Valley Airport Center, boasting brand new, high-quality, and energy-efficient construction. The building features a 16-foot ceiling height, providing ample room for storage or specialized equipment. The property type is classified as both office and industrial, making it suitable for a range of uses. With a total of 16 parking spaces available, ample parking is ensured for employees and clients. The building's electrical service is robust, featuring 400 amps at 120/208 volts. Situated in Riverside County, this property benefits from its location within the Temecula Valley. The entire 6,833 square feet is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire space. The property consists of one building within a larger complex of 19 buildings. This is a rare opportunity to secure a modern, efficient, and well-located space in a thriving area. The property's address is easily accessible, offering convenient access to transportation and local amenities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Murrieta
    County
    Riverside
    State
    California
    Longitude
    -117.125
    Latitude
    33.5769

    Comparable in this City

    • Value Estimation by Request
      6,508 SF

      37361 Industry Way

      Manufacturing properties
      37361 Industry Way, Murrieta, CA 92563
      View Details
    • Value Estimation by Request
      19,283 SF

      29980 Technology Dr

      Distribution properties
      29980 Technology Dr, Murrieta, CA 92563
      View Details
    • Value Estimation by Request
      6,833 SF

      37377 Industry Way

      Distribution properties
      37377 Industry Way, Murrieta, CA 92563
      View Details
    • Value Estimation by Request
      6,508 SF

      37361 Industry Way

      Distribution properties
      37361 Industry Way, Murrieta, CA 92563
      View Details
    • Value Estimation by Request
      5,828 SF

      37349 Industry Way

      Distribution properties
      37349 Industry Way, Murrieta, CA 92563
      View Details
    • Value Estimation by Request
      6,261 SF

      37359 Industry Way

      Distribution properties
      37359 Industry Way, Murrieta, CA 92563
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      New Construction Warehouse Space

      New construction warehouse with estimated delivery in July 2025.
      37287 Industry Way, Murrieta, CA 92563
      View Details
    • Contact for pricing
      6,833 SF

      New Construction Flex/Industrial Building

      New construction flex/industrial building completed in February 2023.
      37377 Industry Way, Murrieta, CA 92563
      View Details
    • Contact for pricing
      5,625 SF

      New Construction Warehouse Space

      New construction warehouse space available for lease.
      37301-37323 Industry Way, Murrieta, CA 92563
      View Details
    • Contact for pricing
      7,498 SF

      New Construction Warehouse Space

      New construction warehouse space available in Murrieta, California.
      37275-37287 Industry Way, Murrieta, CA 92563
      View Details
    • Contact for pricing
      6,376 SF

      New Construction Warehouse Space Available

      New construction warehouse space for lease near French Valley Airport.
      37251-37263 Industry Way, Murrieta, CA 92563
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      122,388 SF

      Murrieta Industrial Space For Lease

      Large warehouse/manufacturing space available.
      30590 Cochise Cir, Murrieta, CA 92563
      View Details
    • $1.50 SF/Yr
      6,018 SF

      New Construction Warehouse Space Available

      New construction warehouse space for lease, completion estimated July 2025.
      37251 Industry Way, Murrieta, CA 92563
      View Details
    • Contact for pricing

      Industrial Distribution Project For Rent

      Industrial distribution project featuring multiple docks and ample parking.
      Sky Canyon Dr, Murrieta, CA 92563
      View Details
    • $6,659 /Mo
      4,162 SF

      Murrieta Commercial Space with Warehouse

      Ground level office with warehouse space available for lease.
      38740 Sky Canyon Dr, Murrieta, CA 92563
      View Details
    • Contact for pricing

      Ground-Level Office and Warehouse Space

      Office space with private offices, reception, bathrooms, and warehouse.
      38740 Sky Canyon Dr, Murrieta, CA 92563
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    37377 Industry Way
    Murrieta, CA 92563
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    37377 Industry Way, Murrieta, CA, 92563
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!