Divisible Flex
New
For Sale
$3,630,500
2525 Kansas Ave, Riverside, CA 92507
Flexible industrial space can accommodate two separate units with grade-level loading access.
Property Size13,700 SF
Days on Market4
Property Features for 2525 Kansas Ave
General Information
Standard status
Active
Size
13,700 SF
Property subtype
Industrial
Building Details
Building Size
13,700 SF
Year Built
1989
Listed By:
David Mudge, SIOR, CCIM · License #CalDRE #01070762
(951) 276-3611
Source:
Lee-associates
Added: Sep 16
Changed: Sep 18
Last Checked: Sep 18 at 4:44AM
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 David Mudge, SIOR, CCIM
Investment Insights
Based on property information with market context.
Built in 1989, this flex space at 2525 Kansas Ave in Riverside offers a configuration that can be divided into two units. The property includes three grade-level loading doors, each measuring 10X10, supporting a range of commercial and industrial operations.
The space is available for immediate occupancy and is located in Riverside, California 92507.
The space is available for immediate occupancy and is located in Riverside, California 92507.
Key Highlights
- Can be divided into two units
- 3 GL Doors (10X10)
- Available for immediate occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$204,856
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,097,120
$4.1M
Cap Rate 7%
$2,926,514
$2.9M
Cap Rate 9%
$2,276,178
$2.3M
Market Conditions
NOI Build-Up for 13,700 SF
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.
Gross rent
$261.4K $19.08/SF
− Vacancy
−$20.4K −$1.49/SF
EGI
$241.0K $17.59/SF
− OpEx
−$36.2K −$2.64/SF
NOI
$204.9K $14.95/SF
Area
ZIP 92507
Vacancy
7.80%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,097,120
Cap Rate 7%
$2,926,514
Cap Rate 9%
$2,276,178
Alternative Uses
Best Use
Warehouse
$2.93M
$2.56M – $3.41M
NOI $204,856 @ 7.0% cap · market cap 5.64%
Second Best
Flex RnD
$2.77M
$2.42M – $3.23M
NOI $193,791 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$4.70M
$4.11M – $5.48M
NOI $328,662 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,237
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Flexible industrial space can accommodate two separate units with grade-level loading access.
Where is this flex space located?
The property is located at 2525 Kansas Ave Riverside, CA.
What is the asking price?
The asking price for this property is $3,630,500.
What are key features of this property?
This property features: Can be divided into two units; 3 GL Doors (10X10); Available for immediate occupancy
