Single-Story Office Condo
For Sale
$1,508,800
11830 Pierce Street Suite 100, Riverside, CA 92505
Suite 100 in a single-story office condo features expansive floorplates, abundant natural light, and renovated common areas.
Property Size3,680 SF
Days on Market121
Property Features for 11830 Pierce Street Suite 100
General Information
Standard status
Active
Size
3,680 SF
Property subtype
Office
Building Details
Building Size
3,680 SF
Listing Agency:
Lee & Associates
Listed By:
Lindsay Mingee · License #CalDRE #01920658
(714) 317-3606
Source:
Lee-associates
Added: Jun 23
Changed: Oct 2
Last Checked: Oct 20 at 7:07PM
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
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Investment Insights
Based on property information with market context.
Suite 100 is located within a single-story professional office condominium at Riverwalk Center. The space benefits from expansive floorplates designed to support efficient, practical office layouts, along with abundant natural light aided by perimeter glazing and high ceilings. Renovated finishes are noted in core corridors, and upgraded restrooms reinforce a turnkey, professional environment.
The property includes a refined entry and welcoming lobby, dedicated parking for employees and clients, and on-site landscaping for curb appeal. Public remarks also note building signage and professional HOA management, with the condo situated adjacent to a freeway and nearby amenities, including Starbucks. Please call to schedule a showing; do not disturb the tenant.
The property includes a refined entry and welcoming lobby, dedicated parking for employees and clients, and on-site landscaping for curb appeal. Public remarks also note building signage and professional HOA management, with the condo situated adjacent to a freeway and nearby amenities, including Starbucks. Please call to schedule a showing; do not disturb the tenant.
Key Highlights
- Suite 100 available in a single‑story office condo at Riverwalk Center
- Expansive floorplates with abundant natural light and perimeter glazing
- Renovated finishes in core corridors and upgraded restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,676
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,393,520
$1.4M
Cap Rate 7%
$995,371
$995.4K
Cap Rate 9%
$774,178
$774.2K
Market Conditions
NOI Build-Up for 3,680 SF
Gross rent
$99.4K $27.00/SF
− Vacancy
−$6.5K −$1.76/SF
EGI
$92.9K $25.25/SF
− OpEx
−$23.2K −$6.31/SF
NOI
$69.7K $18.93/SF
Area
ZIP 92505
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,393,520
Cap Rate 7%
$995,371
Cap Rate 9%
$774,178
Alternative Uses
Best Use
Office B
$995.4K
$871.0K – $1.16M
NOI $69,676 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,283 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,755
Businesses Nearby
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Business Placement
Demographics for 92505, CA
50,919
Population
15,324
Households
3.3
Avg Household Size
34
Median Age
20%
College-Educated
79%
High-School Grad
10.2 sq mi
ZIP Area
4,992
Density / Sq Mi
$84,528
Median Household Income
$40,575
Median Earnings
$1,936
Median Rent
$520,800
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Suite 100 in a single-story office condo features expansive floorplates, abundant natural light, and renovated common areas.
Where is this office unit located?
The property is located at 11830 Pierce Street Suite 100 Riverside, CA.
What is the asking price?
The asking price for this property is $1,508,800.
What are key features of this property?
This property features: Suite 100 available in a single‑story office condo at Riverwalk Center; Expansive floorplates with abundant natural light and perimeter glazing; Renovated finishes in core corridors and upgraded restrooms
