Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10702 Cypress Ave Riverside, CA 92505

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $6,000,000

    Massive flat lot suitable for development or investment.

    Lot size:
    5.19 Acres

    Property Features for 10702 Cypress Ave

    General Information

    Lot size
    5.19 Acres

    Building Details

    Year built
    1960

    We can help!

    Listing Contact
    Tom Tennant
    Tom Tennant
    Source: Elliman

    Listing Agent: Tom Tennant

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

    Learn more

    Property Insight Report

    Overview

    Large Flat Lot Opportunity

    This is a large flat lot located on Cypress & Mitchell, offering access from both sides of the property. Previously used as a stone manufacturing facility, the property includes two structures that could potentially serve as offices or be demolished for redevelopment. This lot is suited for developers or investors. The lot size is believed to be approximately 8 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.4902287
    Latitude
    33.939274

    Nearby Similar for Sale

    • $765,000
      2,145 SF

      Riverside Quadruplex with Turnkey Units

      Four units in a great location with owner occupant potential.
      3311 Lime St, Riverside, CA 92501
      View Details
    • $1,489,000
      3,600 SF

      Commercial Duplex with Workshop/Garage

      Duplex with workshop/garage, ideal for commercial business use.
      3112 1St St, Riverside, CA 92507
      View Details
    • $1,100,000
      Pending

      Newly Built Triplex Investment Opportunity

      Three units on one lot, perfect for long-term investment.
      1993 Marlborough Ave, Riverside, CA 92507
      View Details
    • $1,699,000
      7,340 SF

      Riverside Multifamily Property with Garages

      Eight-unit multifamily property with amenities and parking in Riverside, CA.
      3771 Harvill Ln, Riverside, CA 92503
      View Details
    • $1,050,000
      2,470 SF

      Remodeled Riverside Triplex For Sale

      Turn-key triplex with high-end finishes and strong rental income.
      6800 Arlington Ave, Riverside, CA 92504
      View Details
    • $2,300,000
      6,056 SF

      Five Houses on 1.95 Acres

      Five houses in Riverside with income potential on 1.95 acres.
      17305 Sage Ave, Riverside, CA 92504
      View Details
    • $1,500,000

      Turnkey Auto Repair Business Opportunity

      Established auto repair business for sale in Riverside, California.
      2650 E Alessandro Blvd, Riverside, CA 92508
      View Details
    • $1,000,000
      1,100 SF

      Riverside Commercial Smog Station

      Successful smog station on a large corner lot near Freeway.
      9802 Mission Blvd, Riverside, CA 92509
      View Details
    • $850,000
      1,768 SF

      Riverside Duplex: Turnkey Investment

      Fully rented duplex in Riverside, offering immediate rental income.
      9330 Saffron Ct, Riverside, CA 92503
      View Details
    • $662,000
      Pending

      Riverside Multifamily Residence with Income

      Multifamily property with remodeled units and income potential.
      11073 Arlington Ave, Riverside, CA 92505
      View Details
    • $729,000
      1,152 SF

      Riverside Commercial Property for Sale

      Commercial property in a prime location with business potential.
      10397 Hole Ave, Riverside, CA 92505
      View Details
    • $770,000
      Pending

      Jurupa Valley Triplex Opportunity

      Three units on a large lot in Jurupa Valley.
      8865 Main St, Riverside, CA 92509
      View Details

    FAQs

    What type of property is this?
    Land - Massive flat lot suitable for development or investment.
    Where is this land located?
    The property is located at 10702 Cypress Ave Riverside, CA.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: - Massive flat 8-acre lot (approximate); - Development opportunity; - Access on both sides of the property (Cypress & Mitchell)
    (714) 904-9830
    Request Owner's contact information
    10702 Cypress Ave Riverside, CA 92505
    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.
    10702 Cypress Ave
    Riverside, CA 92505
    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
    10702 Cypress Ave Riverside, CA 92505
    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

    We can help!
    Listing Contact
    Tom Tennant
    Tom Tennant
    Real Estate License ID: 01273093
    (714) 904-9830
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.