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

    6160-6164 Wilderness Ave Riverside, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Industrial condo featuring office space and convenient freeway access.

    Type:INDUSTRIAL
    Property size:
    3,978 SF
    Lot size:
    1.27 Acres
    Added:
    Apr 14, 2025
    Days on Market:
    381
    Last Refresh:
    Apr 5 at 8:14 pm

    Property Features for 6160-6164 Wilderness Ave

    General Information

    Standard status
    Active
    Size
    3,978 SF
    Lot size
    1.27 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 6160-6164 Wilderness Ave Contact us

    We can help!

    Listing Contact
    Jim Ridens
    Jim Ridens

    Listing agent Jim Ridens License #00974728

    Listing office Lee & Associates

    Listing date Apr 14, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates

    Overview

    Riverside Industrial Condo with Office

    This industrial condo includes approximately 500 square feet of office space. The property features a minimum clear height of 16 feet and is equipped with fire sprinklers. Ample parking is available. The location provides convenient access to three freeways. The total property size is 3,978 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply 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
    -117.447
    Latitude
    33.9595

    Nearby Similar for Lease

    • $975/Mo

      Riverside Office Suite For Lease

      Well-maintained office suite in Riverside with flexible workspace.
      6630 Doolittle, Riverside, CA 92503
      View Details
    • $5,720/Mo

      Riverside Retail Space For Lease

      Retail space in a prime location near Target.
      3271 Arlington Ave, Riverside, CA 92506
      View Details
    • $5,500/Mo

      Furnished Office Space Near Courthouse

      Professional office space for lease near downtown Riverside courts.
      3895 Brockton, Riverside, CA 92501
      View Details
    • $4,400/Mo

      Riverside Commercial Space Available Now

      Industrial/Manufacturing space with offices and warehouse in Riverside, CA.
      4066 Alamo Street, Riverside, CA 92501
      View Details
    • Contact for pricing

      Retail Space in Empire Plaza

      Highly visible retail center with flexible layout in Riverside, CA.
      10759 Magnolia, Riverside, CA 92505
      View Details
    • Contact for pricing

      Retail Space in Empire Plaza

      Highly visible retail space in a bustling Riverside location.
      10759 Magnolia, Riverside, CA 92505
      View Details
    • $5,500/Mo

      Furnished Office Space Near Courthouse

      Professional office space for lease near downtown Riverside.
      3895 Brockton, Riverside, CA 92501
      View Details
    • $6,720/Mo

      Riverside Contractor Storage Yard

      Spacious, secure yard with office and storage for contractors.
      5925 Payton Avenue, Riverside, CA 92504
      View Details
    • $5,720/Mo

      Riverside Retail Space For Rent

      Retail space available in a well-located Riverside shopping center.
      3271 Arlington Ave,, Riverside, CA 92506
      View Details
    • $2 SF/Yr

      Historic Building in Central Business

      Iconic property undergoing restoration for office and retail tenants.
      4001 Main St, Riverside, CA 92501
      View Details
    • $2 SF/Yr

      Riverside Medical Building Office Space

      Modern office suites in Riverside's Magnolia Center district.
      6900 Brockton Ave Ste 203, Riverside, CA 92506
      View Details
    • $1.95 SF/Yr

      Riverside Medical Office Space

      Move-in ready orthodontics office in downtown Riverside.
      3731 Tibbetts St, Riverside, CA 92506
      View Details

    FAQs

    What type of property is this?
    Flex space - Industrial condo featuring office space and convenient freeway access.
    Where is this flex space located?
    The property is located at 6160-6164 Wilderness Ave Riverside, CA.
    What is the lease rate?
    The lease rate is $1.35 SF/Yr.
    What are key features of this property?
    This property features: Convenient location near 3 freeways.; 16' minimum clear height.; ±500 SF office space.
    (909) 373-2718 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jim Ridens
    Jim Ridens
    Real Estate License ID: 00974728
    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!