2305 Chicago Avenue, Riverside, CA 92507
Single-story office building with remodeled open space and ample parking.
- Added:
- Sep 26, 2024
- Days on Market:
- 623
- Last Refresh:
- May 13 at 12:10 am
Property Features for 2305 Chicago Avenue
General Information
- Standard status
- Active
- Size
- 7,345 SF
- Property subtype
- Special Purpose, Land
Listing agent Crystal Sanders License #CA
Listing office CENTURY 21 Top Producers
Listing date Sep 26, 2024
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 CENTURY 21 Top Producers
HighLights
- High visibility corner location at a bustling intersection.
- 7,345 sq. ft. of open, remodeled office space.
- 27 dedicated parking spaces secured by an automatic gate.
- Benefit from 18 private offices and a large conference room.
- 3 ADA‑compliant bathrooms.
- Zoned BMP.
Overview
Local Financial Insights For Office B
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 | $198.3k | $27.00 |
| − Vacancy | −$12.9k | −$1.76 |
| EGI | $185.4k | $25.25 |
| − OpEx | −$46.4k | −$6.31 |
| NOI | $139.1k | $18.93 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Riverside
- County
- Riverside
- State
- California
- Longitude
- -117.3487494
- Latitude
- 33.9901141
