Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1595 Spruce St. Riverside Riverside, CA 92507

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1.50 SF/Yr

    Office space available in Riverside, from 10,000 to 67,076 SF.

    Type:Office
    Property size:
    67,076 SF
    Added:
    Sep 25, 2025
    Days on Market:
    191
    Last Refresh:
    Apr 1 at 9:24 pm

    Property Features for 1595 Spruce St. Riverside

    General Information

    Standard status
    Active
    Size
    67,076 SF
    Property subtype
    Office

    Building Details

    Year Built
    1986

    Spaces For Lease

    at 1595 Spruce St. Riverside Contact us

    We can help!

    Listing Contact
    Tom Pierik, SIOR

    Listing agent Tom Pierik, SIOR License #CalDRE #00982027

    Listing office

    Listing date Sep 25, 2025

    Source Lee-associates

    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 Tom Pierik, SIOR

    Overview

    Riverside Office Space For Rent

    This office space in Riverside offers between 10,000 and 67,076 square feet of shell space, representing the largest block of contiguous office space in the area. The building features a reflective glass and brick exterior. Fiber optic cabling is already installed. A back-up generator is available. The property is located in the Hunter Park area.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Pharmacy Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.346
    Latitude
    33.991

    Nearby Similar for Lease

    • Contact for pricing

      Riverside Retail Space For Lease

      Retail space in a prime location near Target.
      3271 Arlington Ave, Riverside, CA 92506
      View Details
    • Contact for pricing

      Furnished Office Space Near Courthouse

      Professional office space for lease near downtown Riverside courts.
      3895 Brockton, Riverside, CA 92501
      View Details
    • Contact for pricing

      Riverside Warehouse with Office Space

      Warehouse with office space available for lease in Riverside.
      4066 Alamo Street, Riverside, CA 92501
      View Details
    • Contact for pricing

      Retail Space in Empire Plaza

      Highly visible retail center with flexible layout in Riverside, CA.
      10759 Magnolia, Riverside, CA 92505
      View Details
    • Contact for pricing

      Retail Space in Empire Plaza

      Highly visible retail space in a bustling Riverside location.
      10759 Magnolia, Riverside, CA 92505
      View Details
    • Contact for pricing

      Riverside Contractor Storage Yard

      Spacious, secure yard with office and storage for contractors.
      5925 Payton Avenue, Riverside, CA 92504
      View Details
    • $2/mo

      Historic Building in Central Business

      Iconic property undergoing restoration for office and retail tenants.
      4001 Main St, Riverside, CA 92501
      View Details
    • $2/mo

      Riverside Medical Building Office Space

      Modern office suites in Riverside's Magnolia Center district.
      6900 Brockton Ave Ste 203, Riverside, CA 92506
      View Details
    • $1.95/mo

      Riverside Medical Office Space

      Move-in ready orthodontics office in downtown Riverside.
      3731 Tibbetts St, Riverside, CA 92506
      View Details
    • Contact for pricing

      Riverside Office Space For Rent

      Upstairs office space with three offices, kitchen, and bathroom.
      4075 11th St, Riverside, CA 92501
      View Details
    • $3/mo

      Riverside Retail/Medical Space Available

      2,800 SF retail or medical space near 91 Freeway.
      9204 Magnolia Avenue, Riverside, CA 92503
      View Details
    • $1.25/mo

      Industrial Buildings with Yard Space

      Two industrial buildings with yard space available for immediate occupancy.
      111 N. Main St., Riverside, CA 92501
      View Details

    FAQs

    What type of property is this?
    Office building - Office space available in Riverside, from 10,000 to 67,076 SF.
    Where is this office building located?
    The property is located at 1595 Spruce St. Riverside Riverside, CA.
    What is the lease rate?
    The lease rate is $1.50 SF/Yr.
    What are key features of this property?
    This property features: Largest block of contiguous office space in Riverside (up to 67,076 SF); Shell space available from 10,000 SF; Benefit from the back‑up generator
    (951) 276-3610
    We can help!
    Listing Contact
    Tom Pierik, SIOR
    Real Estate License ID: CalDRE #00982027
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!