Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3112 1st Riverside, CA 92507

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,489,000

    Detached duplex with garage/workshop, ideal for commercial business.

    Type:Commercial
    Property size:
    3,600 SF
    Lot size:
    0.67 Acres
    Price / SF:
    $413/SF
    Added:
    Sep 22, 2025
    Days on Market:
    223
    Last Refresh:
    Apr 5 at 11:38 pm

    Property Features for 3112 1st

    General Information

    Standard status
    Active
    Size
    3,600 SF
    Lot size
    0.67 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1904

    We can help!

    Listing Contact
    ANN CASILLAS

    Listing agent ANN CASILLAS License #01522109

    Listing office RE/MAX TOP PRODUCERS

    Listing date Sep 22, 2025

    Source Corcoran

    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 RE/MAX TOP PRODUCERS

    Overview

    Duplex with Commercial Potential

    This detached side-by-side duplex, situated near Downtown Riverside, presents an opportunity for commercial use. The property features two updated units, each with its own address, laminate floors, crown molding, upgraded kitchen cabinets, and private yards. Carports, storage space, and automatic gates are included, with one unit also featuring a basement. The landscape is well-maintained with fruit trees. Each unit is currently rented on a month-to-month basis. The property has approximately 3,600 square feet of total living space on a 29,185 square foot lot. The back of the lot is fenced off with no tenant access. A tall carport and a separate workshop/garage with an automatic rollup door and restroom are located on the side. The property is zoned commercial, industrial, and non-conforming, grandfathered in for rental of the two homes. There is ample room for vehicle access and parking. The property is located next to railroad tracks, with access to the 91, 215, and 60 freeways.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tio Pallets Freight Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.3634316
    Latitude
    33.985351

    Nearby Similar for Sale

    • $699,900
      1,060 SF

      Riverside Commercial Building on Magnolia

      High-visibility commercial building on a major Riverside thoroughfare.
      6682 Magnolia Avenue, Riverside, CA 92506
      View Details
    • $399,999

      Riverside Grocery Store Business Opportunity

      Established neighborhood grocery store in a busy Riverside retail center.
      5125 Jurupa Avenue, Riverside, CA 92504
      View Details
    • $838,000
      2,500 SF

      Riverside Duplex: Prime Location, Investment Opportunity

      Single-level duplex in Riverside near shopping, dining, and freeway access.
      3506 Albany Street, Riverside, CA 92503
      View Details
    • $729,000
      1,152 SF

      Riverside Commercial Property for Sale

      Commercial property in a prime location with business potential.
      10397 Hole, Riverside, CA 92505
      View Details
    • $4,500,000
      22,496 SF

      Riverside Office Building Investment Opportunity

      Three-story office building near Downtown Riverside with high occupancy.
      4505 Allstate Drive, Riverside, CA 92501
      View Details
    • $1,300,000

      Profitable Auto Service Business Opportunity

      Established auto service business for sale in Riverside, CA.
      4811 Van Buren Boulevard, Riverside, CA 92503
      View Details
    • $85,000
      1,328 SF

      Turnkey Restaurant Business Opportunity

      Riverside, CA: Fully equipped restaurant, ready for new owner.
      1889 University Avenue, Riverside, CA 92507
      View Details
    • $799,000
      2,227 SF

      Craftsman Triplex in Downtown Riverside

      Unique 3-unit investment property near Mission Inn.
      4160 CHESTNUT Street, Riverside, CA 92501
      View Details
    • $875,000
      4,461 SF

      Riverside Multi-Unit Income Property

      Five-unit residential property in prime Riverside location with rental potential.
      4481 13th Street, Riverside, CA 92501
      View Details
    • $998,000
      2,180 SF

      Remodeled Duplex with New ADU

      Single-story duplex with detached ADU in Downtown Riverside.
      2643 10th Street, Riverside, CA 92507
      View Details
    • $999,999
      2,470 SF

      Riverside Triplex: Turn-Key Investment

      Remodeled triplex near universities with high-end finishes and strong rents.
      6800 Arlington, Riverside, CA 92504
      View Details
    • $729,000
      2,005 SF

      Riverside Income Property with Two Units

      Single-family home with two units, ideal for investors.
      3370 Pachappa Hill, Riverside, CA 92506
      View Details

    FAQs

    What type of property is this?
    Duplex - Detached duplex with garage/workshop, ideal for commercial business.
    Where is this duplex located?
    The property is located at 3112 1st Riverside, CA.
    What is the asking price?
    The asking price for this property is $1,489,000.
    What are key features of this property?
    This property features: Detached side‑by‑side duplex with separate garage/workshop ideal for running an industrial commercial business.; Zoned Commercial/Industrial, grandfathered in for residential rental income (buyer to verify).; Large 29,185 square foot lot with ample side access for large vehicles and parking.
    (909) 590-8853
    We can help!
    Listing Contact
    ANN CASILLAS
    Real Estate License ID: 01522109
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    3112 1st, Riverside, CA 92507

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!