Riverside Flex Space For
For Sale
Contact for pricing
4130 Flat Rock Dr, Riverside, CA 92505
Flex space in a business park environment, ideal for corporate offices.
Property Size4,319 SF
Lot Size2.69 Acres
Price / SF$340
Days on Market583
Property Features for 4130 Flat Rock Dr
General Information
Standard status
Active
Size
4,319 SF
Lot size
2.69 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Lee & Associates
(909) 989-7771
Listed By:
Douglas C. Earnhart, SIOR · License #00822072
(909) 989-7771
Source:
Moodyscre
Added: Jan 7, 2025
Changed: Aug 8
Last Checked: Aug 8 at 1:30PM
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
Investment Insights
Based on property information with market context.
This 4,319 square foot flex space is located in Riverside, California. The property is situated in a business park environment and features top-notch construction. It is suitable for corporate offices with warehouse space and offers heavy parking. The property is currently a leased investment.
Key Highlights
- Top notch Fullmer construction.
- Ideal corporate offices with warehouse space.
- Benefit from heavy parking availability.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$81,775
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,635,500
$1.6M
Cap Rate 7%
$1,168,214
$1.2M
Cap Rate 9%
$908,611
$908.6K
Market Conditions
NOI Build-Up for 4,319 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$116.6K $27.00/SF
− Vacancy
−$7.6K −$1.76/SF
EGI
$109.0K $25.25/SF
− OpEx
−$27.3K −$6.31/SF
NOI
$81.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,635,500
Cap Rate 7%
$1,168,214
Cap Rate 9%
$908,611
Alternative Uses
Best Use
Office B
$1.17M
$1.02M – $1.36M
NOI $81,775 @ 7.0% cap · market cap 5.57%
Second Best
Flex RnD
$970.2K
$848.9K – $1.13M
NOI $67,915 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,612 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,403
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space in a business park environment, ideal for corporate offices.
Where is this flex space located?
The property is located at 4130 Flat Rock Dr Riverside, CA.
What is the asking price?
The asking price for this property is $1,468,460.
What are key features of this property?
This property features: Top notch Fullmer construction.; Ideal corporate offices with warehouse space.; Benefit from heavy parking availability.
