Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Riverside Senior Housing Development Opportunity Title is generated by Realmo AI

    8527 Janet Avenue, Riverside, CA 92503

    View on Map
    Claim this Listing
    For Sale
    $1,800,000

    Land/Lot - Riverside, CA

    Lot size:
    125,888.00 Acres
    Added:
    Mar 31, 2026
    Days on Market:
    62
    Last Refresh:
    May 31 at 11:06 am

    Property Features for 8527 Janet Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-3-1500
    Exterior features
    Fence, Community Features Included: Curbs, Street Lights
    Fencing
    Fenced
    Standard status
    Active
    APN
    151111034
    Lot size
    125,888.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Dilip Sheth

    Listing agent Dilip Sheth License #00925303

    Listing office Bankers Realty Exclusive, Inc. 2625 Townsgate Rd. # 330, Westlake Village, CA

    Listing date Mar 31, 2026

    MLS# SB26062399 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

    • RTI (Ready‑To‑Issue) permits for a 104‑unit senior (55+) apartment community
    • Prime infill location in Riverside, CA
    • Fully designed project with a balanced mix of one- and two‑bedroom apartments
    • Extensive amenities including over 39,000 sq ft of open/recreational space, resident lounges, and landscaped courtyards
    • Convenient access to Kaiser Permanente Medical Center, Galleria at Tyler, major retail, and the 91/15 freeways
    • Includes 62 covered parking spaces, EV‑ready charging stations, and ADA‑accessible design throughout

    Overview

    This is a rare opportunity to develop a 104-unit senior (55+) apartment community at 8527 Janet Avenue in Riverside, California. The project is situated on approximately 2.89 acres within an established residential neighborhood. The fully designed project includes two three-story buildings with a mix of one- and two-bedroom apartments, designed for independent senior living. Planned amenities include over 39,000 square feet of open and recreational space, resident lounges, landscaped courtyards, and outdoor gathering areas with BBQ and fireplace features. The development also includes 62 covered parking spaces, EV-ready charging stations, and ADA-accessible design throughout. The project has completed plans and plan-check corrections, and no public funding restrictions. The property is located near Kaiser Permanente Medical Center, Galleria at Tyler, major retail corridors, and the 91 and 15 freeways, providing convenient access throughout Riverside County and the greater Inland Empire. The property is zoned R-3-1500.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.46417
    Latitude
    33.941859

    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
    • $4,500,000
      22,496 SF

      Riverside Office Building Investment Opportunity

      Three-story office building near Downtown Riverside with high occupancy.
      4505 Allstate Drive, Riverside, CA 92501
      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
    • $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
    • $1,999,000

      Riverside Land with Freeway Frontage

      Two contiguous parcels totaling over 93,000 sq ft.
      3425 Arlington, Riverside, CA 92506
      View Details
    • $1,495,000
      5,350 SF

      Riverside Office Building For Sale

      5,350 SF Class B office building in downtown Riverside.
      6346 Brockton, Riverside, CA 92506
      View Details
    • $695,000
      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

    FAQs

    What type of property is this?
    Commercial land - RTI 104-unit senior apartment development opportunity in Riverside, California.
    Where is this commercial land located?
    The property is located at 8527 Janet Avenue Riverside, CA.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: RTI (Ready‑To‑Issue) permits for a 104‑unit senior (55+) apartment community; Prime infill location in Riverside, CA; Fully designed project with a balanced mix of one- and two‑bedroom apartments
    (310) 803-9567
    We can help!
    Listing Contact
    Dilip Sheth
    Real Estate License ID: 00925303
    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
    8527 Janet Avenue, Riverside, CA 92503
    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!