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    Restaurant Space Near UC Riverside Title is generated by Realmo AI

    1201 University Avenue #110A, Riverside, CA 92507

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    For Sale
    $120,000

    Fully operational restaurant near UC Riverside with high visibility.

    Type:Commercial
    Property size:
    1,730 SF
    Price / SF:
    $69/SF
    Added:
    Feb 26, 2026
    Days on Market:
    98
    Last Refresh:
    Apr 5 at 9:20 pm

    Property Features for 1201 University Avenue #110A

    General Information

    Standard status
    Active
    Size
    1,730 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1997

    We can help!

    Listing Contact
    ADEL HAMAD
    ADEL HAMAD

    Listing agent ADEL HAMAD License #DRE #01937543

    Listing office LIFETIME REALTY INC

    Listing date Feb 26, 2026

    Source Corcoran

    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 LIFETIME REALTY INC

    HighLights

    • Steps from UCR with built‑in daily foot traffic.
    • Fully equipped and operational restaurant, ready to operate day one.
    • Prime retail center location with pylon sign and freeway exposure.
    • Impressive 17 FT hood system and fully equipped kitchen.
    • Spacious open floor plan dining room and beautiful patio with water fountain.
    • Strong co‑tenants (Denny's, Del Taco, 7 Leaves Cafe).

    Overview

    This is an asset sale for a fully operational restaurant, ideally located steps from the University of California, Riverside, offering built-in daily foot traffic and high exposure. The restaurant features a spacious open floor plan dining room, a patio with a water fountain, a private balcony, and a designed bar area. The kitchen is fully equipped, including refrigeration and a POS system, with an impressive 17 FT hood system and an excellent cook's line ready for immediate operation. There is also second-floor office space. The retail center provides a pylon sign with freeway exposure, a signalized intersection, a dedicated turn lane, and bus line access. The location benefits from heavy foot traffic, ample parking, and on-site property management. Strong co-tenants include Denny's, Del Taco, and 7 Leaves Cafe. This is an opportunity in a high-demand Riverside County corridor with steady traffic and visibility. The property size is 1730 square feet.
    Location Intelligence

    Current Use by Public Records

    University Village Dentistry: ... Dental Office 西洲馆桌游吧 - Westworld Board ... Arcade & Gaming Center Superior Insurance Insurance Agency Afters Ice Cream Grocery & Convenience Store Juice It Up! Specialty Food Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon 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
    -117.338
    Latitude
    33.9759

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    FAQs

    What type of property is this?
    Conventional restaurant - Fully operational restaurant near UC Riverside with high visibility.
    Where is this conventional restaurant located?
    The property is located at 1201 University Avenue #110A Riverside, CA.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: Steps from UCR with built‑in daily foot traffic.; Fully equipped and operational restaurant, ready to operate day one.; Prime retail center location with pylon sign and freeway exposure.
    (714) 363-3888
    We can help!
    Listing Contact
    ADEL HAMAD
    ADEL HAMAD
    Real Estate License ID: DRE #01937543
    Learn More
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    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.

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    1201 University Avenue #110A, Riverside, CA 92507
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