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    Three-Building Flex Industrial Yard Title is generated by Realmo AI

    1668-1676 Palmyrita Ave, Riverside, CA 92507

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    Three contiguous industrial buildings with secured, fenced yards and convenient freeway access for flexible uses.

    Type:INDUSTRIAL
    Property size:
    43,470 SF
    Price / SF:
    $224/SF
    Added:
    Jun 15, 2026
    Days on Market:
    8
    Last Refresh:
    Jun 20 at 8:03 am

    Property Features for 1668-1676 Palmyrita Ave

    General Information

    Standard status
    Active
    Size
    43,470 SF
    Property subtype
    INDUSTRIAL

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    Listing Contact
    Brian Tressen
    Brian Tressen

    Listing agent Brian Tressen

    Listing office MAB Realty

    Listing date Jun 15, 2026

    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 MAB Realty

    HighLights

    • Three contiguous industrial buildings for sale
    • Owner‑user or leased investment setup
    • Large secured and fenced yards
    • Convenient access to I‑215, US‑60, I‑10, and State Hwy 91

    Overview

    This offering includes three contiguous industrial buildings for sale, positioned to support either an owner-user strategy or a leased-investment approach. The site is enhanced by large secured and fenced yards, which can be valuable for businesses needing controlled outdoor storage, equipment staging, or flexible operational flow between structures.

    Convenient access to major regional routes including 215, 60, 10, and 91 can help support logistics and day-to-day transportation needs for employees, vendors, and customers. The combined configuration of three adjacent buildings also offers practical flexibility for tenants or operators looking to coordinate uses within the same secured property footprint.

    For owner-users, the secured yard and multi-building setup can accommodate a wider range of functions within one site. For investors, the property’s stated leased-investment positioning provides an opportunity to own multiple contiguous industrial buildings paired with large fenced outdoor area. Overall, the combination of indoor warehouse/flex buildings and secured yard space is designed for operators who benefit from control of both structures and outdoor staging while maintaining straightforward access to the surrounding roadway network.

    Local Financial Insights For Warehouse

    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 $829.4k $19.08
    − Vacancy −$64.7k −$1.49
    EGI $764.7k $17.59
    − OpEx −$114.7k −$2.64
    NOI $650.0k $14.95
    43,470 SF · lease $19.08/SF/yr · vacancy 7.80% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $9.29M
    $8.13M – $10.83M (±1% cap)
    NOI $650,007 @ 7.0% cap · market cap 6.67%
    Second Best
    Flex RnD
    $8.78M
    $7.69M – $10.25M (±1% cap)
    NOI $614,896 @ 7.0% cap · market cap 6.31%
    Theoretical Best
    Office A
    $14.90M
    $13.04M – $17.38M (±1% cap)
    NOI $1,042,842 @ 7.0% cap · market cap 10.70%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Flex space

    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.

    Similar Places Nearby

    • Martinez cocktails — 1200 Edelweiss Ave, Riverside, CA 92501

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.3476022
    Latitude
    34.0046517

    FAQs

    What type of property is this?
    Flex space - Three contiguous industrial buildings with secured, fenced yards and convenient freeway access for flexible uses.
    Where is this flex space located?
    The property is located at 1668-1676 Palmyrita Ave Riverside, CA.
    What is the asking price?
    The asking price for this property is $9,750,000.
    What are key features of this property?
    This property features: Three contiguous industrial buildings for sale; Owner‑user or leased investment setup; Large secured and fenced yards
    (951) 847-2226 Call to check price and availability
    More about this property
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