Divisible Flex
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 Market49
Property Features for 2525 Kansas Ave
General Information
Standard status
Active
Size
13,700 SF
Property subtype
Industrial
Site & Location
Neighborhood
Hunter Industrial Park
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: Oct 25
Last Checked: Nov 3 at 3:54AM
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
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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 / Yr
$204,856
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Market
Vacancy Rate% for Industrial in West region
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
