Industrial Property with Secured
1668 Palmyrita Ave, Riverside, CA 92507
Three contiguous industrial buildings with a large secured, fenced yard and tenant occupancy for investor or owner-user flexibility.
Type:Industrial
Property size:
43,470 SFPrice / SF:
$224/SF- Added:
- Jun 11, 2026
- Days on Market:
- 17
- Last Refresh:
- Jun 20 at 6:42 am
Property Features for 1668 Palmyrita Ave
General Information
- Standard status
- Active
- Size
- 43,470 SF
- Property subtype
- Industrial
Listing office MAB Realty
Listing date Jun 11, 2026
Source Crexi
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 in the Hunter Industrial Park area
- Large secured and fenced yard with functional industrial improvements
- Currently 100% occupied by multiple tenants with in‑place income
- Staggered lease expirations provide potential for future flexibility
- Convenient access to I‑215, SR‑60, I‑10, and SR‑91 for Inland Empire logistics
- Offered at $9,750,000
Overview
The property consists of three contiguous industrial buildings within the Hunter Industrial Park area. The asset includes functional industrial improvements and a large secured, fenced yard, creating flexibility for a range of warehouse and yard-supported operations. The building configurations are described as suitable for an investor, owner-user, or future repositioning approach. The offering is currently 100% occupied by multiple tenants, with staggered lease expirations.
Located in Riverside in the heart of the Inland Empire, the site is positioned for regional connectivity. The property provides convenient access to I-215, SR-60, I-10, and SR-91, supporting movement across major Southern California logistics, distribution, and employment hubs.
For buyers, this stabilized, income-producing industrial asset may appeal to investors looking for in-place occupancy and staggered lease terms, as well as owner-users seeking yard-inclusive space with multiple building configurations. The combination of warehouse improvements and a secured, fenced yard can help support tenants whose operations benefit from enclosed outdoor storage or flexible yard requirements.
Located in Riverside in the heart of the Inland Empire, the site is positioned for regional connectivity. The property provides convenient access to I-215, SR-60, I-10, and SR-91, supporting movement across major Southern California logistics, distribution, and employment hubs.
For buyers, this stabilized, income-producing industrial asset may appeal to investors looking for in-place occupancy and staggered lease terms, as well as owner-users seeking yard-inclusive space with multiple building configurations. The combination of warehouse improvements and a secured, fenced yard can help support tenants whose operations benefit from enclosed outdoor storage or flexible yard requirements.
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
NOI $650,007 @ 7.0% cap · market cap 6.67%
Second Best
Industrial
$7.65M
$6.69M – $8.92M
NOI $535,300 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$14.90M
$13.04M – $17.38M
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
Flexitions
Industrial Manufacturer
Similar Places Nearby
- Tri City Storage — 485 W La Cadena Dr, Riverside, CA 92501
- SecurCare Self Storage — 1807 Columbia Ave, Riverside, CA 92507
- Lineage — 1001 Columbia Ave, Riverside, CA 92507
- Bill LOsee Eurotech performance — 1504 Columbia Ave STE 5, Riverside, CA 92507, United States
- Vino Veritas Vaults & Barrel House — 1660 Chicago Ave # N5, Riverside, CA 92507
Location Insight
- Map
- Local Demand
- City
- Riverside
- County
- Riverside
- State
- California
- Longitude
- -117.3476022
- Latitude
- 34.0046517
Nearby Similar for Sale
FAQs
What type of property is this?
Warehouse - Three contiguous industrial buildings with a large secured, fenced yard and tenant occupancy for investor or owner-user flexibility.
Where is this warehouse located?
The property is located at 1668 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 in the Hunter Industrial Park area; Large secured and fenced yard with functional industrial improvements; Currently 100% occupied by multiple tenants with in‑place income
