Five-Office Professional
For Sale
Contact for pricing
Pending
1450 UNIVERSITY Avenue #K, Riverside, CA 92507
Reception space and a separate kitchen room complement the private-office layout.
Property Size12,700 SF
Days on Market14
Property Features for 1450 UNIVERSITY Avenue #K
General Information
Standard status
Pending
Size
12,700 SF
Property subtype
Office
Site & Location
Neighborhood
University
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Property Use
Office
Building Details
Year Built
1960
Listing Agency:
RIVERSIDE REAL ESTATE PROFESSIONALS
(951) 777-2811
Listed By:
BOB BISHOP · License #01096172
(951) 318-1952
Source:
Lugobros
Added: Oct 17
Changed: Oct 28
Last Checked: Oct 28 at 1:41PM
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 RIVERSIDE REAL ESTATE PROFESSIONALS
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,150-square-foot office suite contains five separate offices, a reception area, and a kitchen room. The property was built in 1960. AT&T and Spectrum phone and internet services are available, and water, trash, and sewer are included.
The suite is two blocks from the University of California, Riverside, near the 60/91/215 interchange and numerous restaurants.
The suite is two blocks from the University of California, Riverside, near the 60/91/215 interchange and numerous restaurants.
Key Highlights
- 2,150 sq ft office suite
- Five separate offices, reception area, and kitchen room
- Two blocks from the University of California, Riverside
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$201,991
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,039,820
$4.0M
Cap Rate 7%
$2,885,586
$2.9M
Cap Rate 9%
$2,244,344
$2.2M
Market Conditions
NOI Build-Up for 12,700 SF
Gross rent
$358.1K $28.20/SF
− Vacancy
−$21.5K −$1.69/SF
EGI
$336.7K $26.51/SF
− OpEx
−$134.7K −$10.60/SF
NOI
$202.0K $15.90/SF
Area
ZIP 92507
Vacancy
6.00%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,039,820
Cap Rate 7%
$2,885,586
Cap Rate 9%
$2,244,344
Alternative Uses
Best Use
Office B
$3.44M
$3.01M – $4.01M
NOI $240,459 @ 7.0% cap · market cap 7,456.09%
Second Best
Healthcare Medical
$2.89M
$2.52M – $3.37M
NOI $201,991 @ 7.0% cap · market cap 6,263.29%
Theoretical Best
Office A
$4.35M
$3.81M – $5.08M
NOI $304,672 @ 7.0% cap · market cap 9,447.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,369
Businesses Nearby
Explore this area
Business Placement
Demographics for 92507, CA
63,191
Population
19,739
Households
3.2
Avg Household Size
28
Median Age
32%
College-Educated
84%
High-School Grad
21.4 sq mi
ZIP Area
2,953
Density / Sq Mi
$72,367
Median Household Income
$31,961
Median Earnings
$1,780
Median Rent
$503,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Reception space and a separate kitchen room complement the private-office layout.
Where is this office unit located?
The property is located at 1450 UNIVERSITY Avenue #K Riverside, CA.
What are key features of this property?
This property features: 2,150 sq ft office suite; Five separate offices, reception area, and kitchen room; Two blocks from the University of California, Riverside
