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    1242 University Ave Riverside, CA 92507

    For Lease
    $2 SF/Yr

    Retail space available for lease, 1193 square feet.

    Property size:
    1,193 SF
    Lot size:
    1.00 Acres

    Property Features for 1242 University Ave

    General Information

    Size
    1,193 SF
    Lot size
    1.00 Acres

    Source: Lee & Associates Agent Brian Melkesian

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

    Overview

    Retail Space For Lease

    This retail space is available for lease. The property offers 1193 square feet of space and is located at 1242 University Ave, Riverside, CA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mochi Lion Riverside ... Bakery Yogurtland Riverside Campus Ice Cream Shop Memo Martin the barber Barber Shop Miches De La ... Mexican Restaurant Yes Dana Notary Notary Public

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.3379558
    Latitude
    33.9754191

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    FAQs

    What type of property is this?
    Retail space - Retail space available for lease, 1193 square feet.
    Where is this retail space located?
    The property is located at 1242 University Ave Riverside, CA.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: - Retail space for lease
    (909) 373-2943
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    1242 University Ave Riverside, CA 92507
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    Riverside, CA 92507
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    Realmo Value Estimation

    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.

    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.

    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
    1242 University Ave Riverside, CA 92507
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