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    1008 State St San Jacinto, CA 92582
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    1008 State St San Jacinto, CA 92582

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    • Commercial real estate
    Off-Market
    Property ID
    US09-2700846
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1008 State St

    Property type
    Commercial real estate

    Description

    This exceptional ±4.59-acre industrial land parcel presents a compelling investment opportunity in the thriving San Jacinto, California market. Strategically located at 1008 S State St, San Jacinto, CA 92582, this property boasts significant frontage and convenient access to a major thoroughfare, ensuring high visibility and easy accessibility. The site is zoned for industrial use, providing flexibility for a variety of development projects. San Jacinto benefits from a robust and readily available workforce, making it an attractive location for businesses seeking to establish or expand their operations. The area is experiencing strong growth, solidifying its position as one of Southern California's most dynamic communities. Furthermore, the property offers immediate access to major transportation arteries, including Highway 79 and Highway 74, providing seamless connectivity to regional and statewide transportation networks. This infill location minimizes environmental impact and offers the advantage of established infrastructure. This is a rare opportunity to acquire a sizable industrial land parcel in a high-growth area with excellent access and a strong workforce. The property's prime location and zoning make it ideal for a wide range of industrial uses, presenting significant potential for future development and return on investment. The coordinates for this property are 33.7775936 latitude and -116.972245 longitude, within Riverside County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Jacinto
    County
    Riverside
    State
    California
    Longitude
    -116.972245
    Latitude
    33.7775936

    Comparable in this City

    • Contact for pricing
      16,000 SF

      Light Industrial Building with Units

      Light industrial building with eight units, fully leased, M1 zoning.
      478 N Scovell Ave, San Jacinto, CA 92582
      View Details
    • $1,990,000
      15,000 SF

      San Jacinto Commercial Investment Opportunity

      Light industrial building with eight units, fully leased and generating income.
      478 N Scovell Ave, San Jacinto, CA 92582
      View Details
    • $1,990,000

      478 N Scovell, San Jacinto, CA 92582

      Flex space
      478 N Scovell Ave, San Jacinto, CA 92582
      View Details
    • $600,000
      196,891.00 Acres

      San Jacinto Horse Property Land

      4.5 acre lot ideal for horses and building a home.
      7Th St, San Jacinto, CA 92582
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,000 SF

      Light Industrial Building with Units

      Light industrial building with eight units, fully leased, M1 zoning.
      478 N Scovell Ave, San Jacinto, CA 92582
      View Details
    • $1,990,000
      15,000 SF

      San Jacinto Commercial Investment Opportunity

      Light industrial building with eight units, fully leased and generating income.
      478 N Scovell Ave, San Jacinto, CA 92582
      View Details
    • $1,990,000

      478 N Scovell, San Jacinto, CA 92582

      Flex space
      478 N Scovell Ave, San Jacinto, CA 92582
      View Details
    • $600,000
      196,891.00 Acres

      San Jacinto Horse Property Land

      4.5 acre lot ideal for horses and building a home.
      7Th St, San Jacinto, CA 92582
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in San Jacinto, CA.
      Swc Sanderson Ave & Cottonwood Ave, San Jacinto, CA 92582
      View Details
    • Contact for pricing

      Drug Store Anchored Center

      Neighborhood shopping center anchored by a drug store.
      2181 W Esplanade Ave, San Jacinto, CA 92582
      View Details
    • $1.00 SF/Yr

      Retail Space in Shopping Center

      Retail suites for lease in drug store anchored shopping center.
      2181 West Esplanade Ave, San Jacinto, CA 92582
      View Details
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    San Jacinto, CA 92582
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    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
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