Industrial Condo Flex
For Sale
Contact for pricing
1541 Marlborough Ave, Riverside, CA 92507
Industrial condo unit built in 2005 with flexible BMP zoning in Hunter Park, Riverside.
Property Size7,639 SF
Price / SF$259
Days on Market181
Property Features for 1541 Marlborough Ave
General Information
Standard status
Active
Size
7,639 SF
Total Parking Spaces
11
Property subtype
Industrial
Zoning
BMP
Lease Type
Gross
Building Details
Year Built
2005
Listing Agency:
Lee & Associates - Riverside
Listed By:
Rocky Moran · License #CA 01841701
(951) 276-3681
Source:
Crexi
Added: Mar 14
Changed: Sep 3
Last Checked: Sep 9 at 6:14AM
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 - Riverside
Investment Insights
Based on property information with market context.
This industrial condo unit offers a flexible flex/industrial configuration within a 2005 construction building. The property is identified as an industrial condo unit, providing a compact ownership option within the broader industrial condo setting.
The asset is located at 1541 Marlborough Ave in Riverside, CA, in Hunter Park. The property is described as having Flexible BMP zoning.
Offered for sale, this unit is sized at 7,639 square feet, making it well suited for buyers seeking an industrial condo format with flexible zoning designation.
The asset is located at 1541 Marlborough Ave in Riverside, CA, in Hunter Park. The property is described as having Flexible BMP zoning.
Offered for sale, this unit is sized at 7,639 square feet, making it well suited for buyers seeking an industrial condo format with flexible zoning designation.
Key Highlights
- Industrial condo unit built in 2005
- Located in Hunter Park, Riverside
- Flexible BMP zoning
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
$108,056
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
5.46%
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%
$2,161,120
$2.2M
Cap Rate 7%
$1,543,657
$1.5M
Cap Rate 9%
$1,200,622
$1.2M
Market Conditions
NOI Build-Up for 7,639 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
$178.8K $23.40/SF
− Vacancy
−$12.5K −$1.64/SF
EGI
$166.2K $21.76/SF
− OpEx
−$58.2K −$7.62/SF
NOI
$108.1K $14.15/SF
Area
ZIP 92507
Vacancy
7.00%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
35.00%
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%
$2,161,120
Cap Rate 7%
$1,543,657
Cap Rate 9%
$1,200,622
Alternative Uses
Best Use
Flex RnD
$1.54M
$1.35M – $1.80M
NOI $108,056 @ 7.0% cap · market cap 5.46%
Second Best
Industrial
$1.34M
$1.18M – $1.57M
NOI $94,068 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$2.62M
$2.29M – $3.05M
NOI $183,259 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,400
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial condo unit built in 2005 with flexible BMP zoning in Hunter Park, Riverside.
Where is this flex space located?
The property is located at 1541 Marlborough Ave Riverside, CA.
What is the asking price?
The asking price for this property is $1,978,501.
What are key features of this property?
This property features: Industrial condo unit built in 2005; Located in Hunter Park, Riverside; Flexible BMP zoning
