1405 Spruce St, Riverside, CA
Ground floor office condo with mezzanine, move-in ready.
- Added:
- Oct 30, 2025
- Days on Market:
- 235
- Last Refresh:
- May 20 at 8:22 pm
Property Features for 1405 Spruce St
General Information
- Standard status
- Active
- Size
- 3,486 SF
- Lot size
- 0.56 Acres
- Property subtype
- OFFICE
Listing agent Cody Moran License #02036603 (951) 276-3624
Listing office Lee & Associates (951) 276-3624
Listing date Oct 30, 2025
Source Moodyscre
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
HighLights
- Perfect for owner‑user
- Move‑in ready condition
- Ground floor office space
- Mezzanine office included
- Professionally managed
- Condo space
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $102.5k | $29.40 |
| − Vacancy | −$6.1k | −$1.76 |
| EGI | $96.3k | $27.64 |
| − OpEx | −$24.1k | −$6.91 |
| NOI | $72.3k | $20.73 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Riverside
- County
- Riverside
- State
- California
- Longitude
- -117.342
- Latitude
- 33.9913
