Building Details

Year Built 2005

Listing Agency: Lee & Associates - Riverside

Listed By: Rocky Moran · License #CA 01841701 Show Phone

Source: Crexi

Added: Mar 14 Changed: Oct 5 Last Checked: Oct 24 at 6:08PM

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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

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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.

Key Highlights

• Industrial condo unit built in 2005
• Located in Hunter Park, Riverside
• Flexible BMP zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$108,056

Cap Rate

5.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,161,120 $2.2M

Cap Rate 7%

$1,543,657 $1.5M

Cap Rate 9%

$1,200,622 $1.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,639 SF

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 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 (±1% cap)

NOI $108,056 @ 7.0% cap · market cap 5.46%

Second Best

Industrial

$1.34M

$1.18M – $1.57M (±1% cap)

NOI $94,068 @ 7.0% cap · market cap 4.75%

Theoretical Best

Office A

$2.62M

$2.29M – $3.05M (±1% cap)

NOI $183,259 @ 7.0% cap · market cap 9.26%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Select ACR, Inc. HVAC Service

Suggested Use

Top Pick Dental Office Restaurant Hair Salon Real Estate Agency Spa & Massage Center Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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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 Avenue 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