Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Riverside Office Building Investment Opportunity Title is generated by Realmo AI

    4505 Allstate Drive, Riverside, CA 92501

    View on Map
    Claim this Listing
    For Sale
    $4,500,000

    Commercial Sale - Riverside, CA

    Property size:
    22,496 SF
    Price / SF:
    $200/SF
    Added:
    Apr 7, 2026
    Days on Market:
    47
    Last Refresh:
    May 23 at 12:06 pm

    Property Features for 4505 Allstate Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    207180022
    Size
    22,496 SF

    Building Details

    Year built
    1989
    Architectural style
    Other

    We can help!

    Listing Contact
    BLANCA ALVAREZ

    Listing agent BLANCA ALVAREZ License #01801789

    Listing office ALTICORE REALTY 12981 PERRIS BLVD. STE 103-A, MORENO VALLEY, CA

    Listing date Apr 7, 2026

    MLS# IV26074452 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.

    HighLights

    • 8%+ CAP Rate: Provides a strong return on investment and immediate cash flow.
    • 100% Occupancy: Ensures consistent income stream.
    • Prime Location: Just 5 minutes from Downtown Riverside, offering convenient access.
    • Excellent Accessibility: Located near Freeways 91 and 215.
    • Well‑Maintained 3‑Story Office Building.
    • Long‑Term Tenants: Indicates stability.

    Overview

    This well-maintained, three-story office building is located approximately 5 minutes from Downtown Riverside, California. The property offers 100% occupancy with long-term tenants, delivering a strong capitalization rate, making it suitable for investors seeking immediate cash flow and stability. Situated just off Freeways 91 and 215, the property provides accessibility and visibility, which is attractive to professional tenants and offers future growth potential. This turnkey investment offers both income and upside potential. The building has a property size of 22496 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Covered California Certified ... Insurance Agency Primerica Insurance Agency Law Office of Robert ... Law Firm Stacy Albelais, Attorney ... Law Firm Law Offices of Karen ... Law Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.3756647
    Latitude
    34.0036772

    Nearby Similar for Sale

    • $699,900
      1,060 SF

      Riverside Commercial Building on Magnolia

      High-visibility commercial building on a major Riverside thoroughfare.
      6682 Magnolia Avenue, Riverside, CA 92506
      View Details
    • $399,999

      Riverside Grocery Store Business Opportunity

      Established neighborhood grocery store in a busy Riverside retail center.
      5125 Jurupa Avenue, Riverside, CA 92504
      View Details
    • $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
    • $530,000
      2,900 SF

      Riverside Commercial Property with Potential

      Commercial property with potential for multiple businesses in Riverside.
      982 Center, Riverside, CA 92507
      View Details
    • $1,300,000

      Profitable Auto Service Business Opportunity

      Established auto service business for sale in Riverside, CA.
      4811 Van Buren Boulevard, Riverside, CA 92503
      View Details
    • $838,000
      2,500 SF

      Riverside Duplex: Prime Location, Investment Opportunity

      Single-level duplex in Riverside near shopping, dining, and freeway access.
      3506 Albany Street, Riverside, CA 92503
      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
    • $998,000
      2,180 SF

      Remodeled Duplex with New ADU

      Single-story duplex with detached ADU in Downtown Riverside.
      2643 10th Street, Riverside, CA 92507
      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
    • $699,000
      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
    • $899,000

      Riverside Commercial Property For Sale

      Freestanding building suited for medical or office use.
      5430 Arlington Ave, Riverside, CA 92504
      View Details
    • $2,900,000
      9,867 SF

      Riverside Industrial Warehouse with Mezzanine

      Well-maintained industrial warehouse with office, mezzanine, and secured yard.
      6675 Doolittle, Riverside, CA 92503
      View Details

    FAQs

    What type of property is this?
    Office building - Three-story office building near Downtown Riverside with high occupancy.
    Where is this office building located?
    The property is located at 4505 Allstate Drive Riverside, CA.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: 8%+ CAP Rate: Provides a strong return on investment and immediate cash flow.; 100% Occupancy: Ensures consistent income stream.; Prime Location: Just 5 minutes from Downtown Riverside, offering convenient access.
    (818) 321-1286
    We can help!
    Listing Contact
    BLANCA ALVAREZ
    Real Estate License ID: 01801789
    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

    Thank You for Inquiry
    4505 Allstate Drive, Riverside, CA 92501
    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!