Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Class A Office in Riverside Title is generated by Realmo AI

    3801 University Avenue, Riverside, CA 92501

    View on Map
    Claim this Listing
    For Lease
    $2 SF/Yr $16,513/Mo (calc)

    Seven-story Class A office building in Downtown Riverside.

    Type:Office
    Property size:
    69,530 SF
    Added:
    Nov 22, 2025
    Days on Market:
    190
    Last Refresh:
    May 19 at 11:43 pm

    Property Features for 3801 University Avenue

    General Information

    Standard status
    Active
    Size
    69,530 SF
    Property subtype
    Office

    Spaces For Lease

    at 3801 University Avenue Contact us

    We can help!

    Listing Contact
    Philip Woodford

    Listing agent Philip Woodford License #00908054

    Listing office CBRE - Ontario

    Listing date Nov 22, 2025

    Source Cbre

    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 CBRE - Ontario

    HighLights

    • Class A office building in Downtown Riverside, the Economic, Legal, and Government Hub for the Inland Empire.
    • Direct access to 60/91/215 Freeways providing convenient access to San Bernardino, Los Angeles, and Orange Counties.
    • Boasting ±124,826 Square Feet of office space and ±8,742 Square Feet of ground floor retail.
    • Recent major renovations to lobbies, common areas, and restrooms.
    • Walkable amenities including restaurants, hotels, banking, convention center, and luxury apartments.
    • Parking structure and courtyard enhancements.

    Overview

    Raincross Tower is a seven-story Class A office building situated in Downtown Riverside, featuring approximately 124,826 square feet of office space and approximately 8,742 square feet of ground floor retail space. The property has undergone major renovations, including upgraded lobbies, common areas, and restrooms, along with enhancements to the parking structure and courtyard. Its location provides direct access to the 60, 91, and 215 Freeways, offering convenient accessibility to San Bernardino, Los Angeles, and Orange Counties. Downtown Riverside serves as the Economic, Legal, and Government Hub for the Inland Empire, the 13th largest metropolitan area in the US. The location offers walkable amenities, including quick service restaurants, white tablecloth restaurants, numerous hotels, banking facilities, a convention center, luxury apartments, and Downtown Riverside entertainment options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ramez Ghanbari Physician AT-Tech Downtown Riverside Employment Agency Mindpath Health - Riverside Physician AppleOne Employment Services ... Employment Agency AppleOne Technical Staffing ... Employment Agency

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Law Firm Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.376
    Latitude
    33.9827

    Nearby Similar for Lease

    • $4,300/Mo
      3,950 SF

      Riverside Commercial Space for Lease

      Commercial space with warehouse and office, easy freeway access.
      4066 Alamo Street, Riverside, CA 92501
      View Details
    • $975/Mo
      1,000 SF

      Riverside Office Suite For Lease

      Well-maintained office suite in Riverside with flexible workspace.
      6630 Doolittle, Riverside, CA 92503
      View Details
    • $5,720/Mo
      2,080 SF

      Riverside Retail Space For Lease

      Retail space in a prime location near Target.
      3271 Arlington Ave, Riverside, CA 92506
      View Details
    • $5,500/Mo
      1,132 SF

      Furnished Office Space Near Courthouse

      Professional office space for lease near downtown Riverside courts.
      3895 Brockton, Riverside, CA 92501
      View Details
    • Contact for pricing
      10,981 SF

      Retail Space in Empire Plaza

      Highly visible retail center with flexible layout in Riverside, CA.
      10759 Magnolia, Riverside, CA 92505
      View Details
    • Contact for pricing
      10,981 SF

      Retail Space in Empire Plaza

      Highly visible retail space in a bustling Riverside location.
      10759 Magnolia, Riverside, CA 92505
      View Details
    • $6,720/Mo
      5,600 SF

      Riverside Contractor Storage Yard

      Spacious, secure yard with office and storage for contractors.
      5925 Payton Avenue, Riverside, CA 92504
      View Details
    • $5,720/Mo
      2,080 SF

      Riverside Retail Space For Rent

      Retail space available in a well-located Riverside shopping center.
      3271 Arlington Ave,, Riverside, CA 92506
      View Details
    • $5,500/Mo

      Furnished Office Space Near Courthouse

      Professional office space for lease near downtown Riverside.
      3895 Brockton, Riverside, CA 92501
      View Details
    • $1.95 SF/Yr
      2,562 SF

      Riverside Medical Office Space

      Move-in ready orthodontics office in downtown Riverside.
      3731 Tibbetts St, Riverside, CA 92506
      View Details
    • $13,000/Mo
      13,000 SF

      Riverside Industrial Warehouse with Freeway Access

      13,000 SF industrial warehouse near 60, 91, and 215 Freeways.
      2879 Main, Riverside, CA 92501
      View Details
    • $2 SF/Yr
      45,891 SF

      Riverside Office Building For Rent

      Office building in Riverside's Meridian business park, Inland Empire.
      14350 Meridian Parkway, Riverside, CA, 92518
      View Details

    FAQs

    What type of property is this?
    Office building - Seven-story Class A office building in Downtown Riverside.
    Where is this office building located?
    The property is located at 3801 University Avenue Riverside, CA.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: Class A office building in Downtown Riverside, the Economic, Legal, and Government Hub for the Inland Empire.; Direct access to 60/91/215 Freeways providing convenient access to San Bernardino, Los Angeles, and Orange Counties.; Boasting ±124,826 Square Feet of office space and ±8,742 Square Feet of ground floor retail.
    (909) 418-2132
    We can help!
    Listing Contact
    Philip Woodford
    Real Estate License ID: 00908054
    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
    3801 University Avenue, Riverside, CA, 92501
    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!