Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    387 W La Cadena Drive Riverside, CA 92501

    View on Map
    Picture of Storefront properties at 387 W La Cadena Drive, Riverside, CA
    For Sale
    $2,600,000

    Commercial Sale - Riverside, CA

    Property size:
    6,440 SF
    Added:
    Apr 21, 2025
    Days on Market:
    352
    Last Refresh:
    Apr 7 at 8:06 am

    Property Features for 387 W La Cadena Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    246150004
    Size
    6,440 SF

    Building Details

    Year built
    1995
    Architectural style
    Other

    We can help!

    Listing Contact
    JEFF MAAS

    Listing agent JEFF MAAS License #00981576

    Listing office NATIONAL REALTY GROUP 6700 INDIANA AVENUE SUITE 130, Riverside, CA

    Listing date Apr 21, 2025

    MLS# IV25086894 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Riverside Commercial Property For Sale

    This commercial building, located in Riverside, California, offers a location with high exposure. The property, suitable for investment or owner-occupancy, has a building size of 6,440 square feet. It is situated near the freeway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    PCHRODS, Inc Auto Repair Shop DJD Group Construction Company

    Suggested Use

    Real Estate Agency Restaurant Law Firm Hair Salon Building Supply Gym & Fitness Center Pharmacy Auto Repair Shop Big Box & Wholesale Store Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Fancy Arrangents — 3508 Tyco Dr, Riverside, CA 92501
    • Riverside Florist by Emma J. — riverside, ca 92507
    • Gallery of Flowers — 2936 E La Cadena Dr, Riverside, CA 92507
    • AA Floral Designs, Inc. — 2060 chicago ave b-8, riverside, ca 92507

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.3439731
    Latitude
    34.014357

    Nearby Similar for Sale

    • $729,000
      1,152 SF

      Riverside Commercial Property for Sale

      Commercial property in a prime location with business potential.
      10397 Hole, Riverside, CA 92505
      View Details
    • $120,000
      1,730 SF

      Turnkey Restaurant Opportunity Near UCR

      Fully operational restaurant near UC Riverside with high visibility.
      1201 University Avenue, Riverside, CA 92507
      View Details
    • $85,000
      1,328 SF

      Turnkey Restaurant Business Opportunity

      Riverside, CA: Fully equipped restaurant, ready for new owner.
      1889 University Avenue, Riverside, CA 92507
      View Details
    • $799,000
      2,227 SF

      Craftsman Triplex in Downtown Riverside

      Unique 3-unit investment property near Mission Inn.
      4160 CHESTNUT Street, Riverside, CA 92501
      View Details
    • $875,000
      4,461 SF

      Riverside Multi-Unit Income Property

      Five-unit residential property in prime Riverside location with rental potential.
      4481 13th Street, Riverside, CA 92501
      View Details
    • $450,000

      Established Drive-Thru Restaurant Opportunity

      Riverside, CA drive-thru restaurant with seating and full kitchen.
      10501 Hole Avenue, Riverside, CA 92505
      View Details
    • $775,000
      2,448 SF

      Riverside Duplex on Corner Lot

      Charming duplex with income potential in a desirable Riverside location.
      11711 Carmine Street, Riverside, CA 92505
      View Details
    • $999,999
      2,470 SF

      Riverside Triplex: Turn-Key Investment

      Remodeled triplex near universities with high-end finishes and strong rents.
      6800 Arlington, Riverside, CA 92504
      View Details
    • $749,000
      2,005 SF

      Income-Generating Two-Unit Home

      Two-unit property with rental income potential near everyday amenities.
      3370 Pachappa Hill, Riverside, CA 92506
      View Details
    • $750,000
      1,768 SF

      Riverside Duplex: Turnkey Investment

      Fully rented duplex in Riverside with immediate rental income.
      9330 Saffron Court 9332, Riverside, CA 92503
      View Details
    • $720,000
      1,681 SF

      Updated Duplex in Riverside, CA

      Updated duplex with income potential in Riverside, California.
      7563 Lincoln Avenue, Riverside, CA 92504
      View Details
    • $450,000

      Riverside Vacant M2 Zoned Land

      Vacant M2-zoned parking lot in Riverside, CA for sale.
      3800 Commerce St, Riverside, CA 92507
      View Details

    FAQs

    What type of property is this?
    Storefront property - Commercial building for sale in Riverside, California, near freeway.
    Where is this storefront property located?
    The property is located at 387 W La Cadena Drive Riverside, CA.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: Prime location near the freeway.; Suitable for investment or owner‑occupier.; High exposure potential.
    (951) 684-2600
    We can help!
    Listing Contact
    JEFF MAAS
    Real Estate License ID: 00981576
    Learn More
    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.
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!