Two-Story Office Building with Gated
For Sale
$2,150,000
437 N Riverside, Rialto, CA 92376
Remodeled two-level office building with Craftsman character, 10 leased units, and gated on-site parking in downtown Rialto.
Property Size6,510 SF
Lot Size0.58 Acres
Price / SF$330.26
Days on Market103
Property Features for 437 N Riverside
General Information
Standard status
Active
Size
6,510 SF
Total Parking Spaces
33
Lot size
0.58 Acres
Property subtype
Office
Occupancy
100%
Net Operating Income
$131,348
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
6%
Office Units
10
Building Details
Building Size
6,510 SF
Year Built
2000
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
RE/MAX ADVANTAGE
(909) 709-9841
Listed By:
BRANDON MIHLD · License #01968068
Source:
Camdenmckayre
Added: Apr 20
Changed: Jul 30
Last Checked: Jul 31 at 11:34AM
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 ADVANTAGE
Investment Insights
Based on property information with market context.
Remodeled two-level office building in downtown Rialto featuring Craftsman character combined with modern commercial functionality. The property provides approximately 6,510 square feet of office space arranged as 10 total office units, with 4 bathrooms (2 on each level). Exterior and security improvements include wrought iron fencing and an automatic security gate, along with prominent signage, decorative stone and masonry accents, mature landscaping, and exterior lighting. Upgraded building systems and finishes include built-in gutter systems, rooftop HVAC systems, and dual-pane windows, supporting day-to-day tenant comfort and operational durability.
The sale also includes an adjacent parking lot on a separate APN, creating approximately 0.58 acres of combined commercial real estate. On-site parking is gated, with 19 spaces on the property plus an additional 14 spaces on the included lot, totaling 33 parking spaces. The building is positioned between Interstate 210 and Interstate 10, supporting convenient access for tenants, clients, and customers.
All 10 units are currently leased by 3 separate tenants, providing immediate income with an approximate 6% cap rate. Per owner, the building may allow for future conversion to an apartment-style residential use, subject to buyer verification with the City of Rialto.
The sale also includes an adjacent parking lot on a separate APN, creating approximately 0.58 acres of combined commercial real estate. On-site parking is gated, with 19 spaces on the property plus an additional 14 spaces on the included lot, totaling 33 parking spaces. The building is positioned between Interstate 210 and Interstate 10, supporting convenient access for tenants, clients, and customers.
All 10 units are currently leased by 3 separate tenants, providing immediate income with an approximate 6% cap rate. Per owner, the building may allow for future conversion to an apartment-style residential use, subject to buyer verification with the City of Rialto.
Key Highlights
- Approximately 6,510 SF two‑level office building with 10 office units and 4 bathrooms
- All 10 units leased by 3 separate tenants with an approximate 6% cap rate
- 19 gated on‑site parking spaces plus 14 spaces on the included adjacent lot, totaling 33 spaces
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 | $140.6k | $21.60 |
| − Vacancy | −$26.0k | −$4.00 |
| EGI | $114.6k | $17.60 |
| − OpEx | −$28.7k | −$4.40 |
| NOI | $86.0k | $13.20 |
6,510 SF · lease $21.60/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.23M
$1.07M – $1.43M
NOI $85,952 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.64M
$1.44M – $1.92M
NOI $115,135 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
10
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
928
Businesses Nearby
Explore this area
Business Placement
Demographics for 92376, CA
84,548
Population
22,716
Households
3.7
Avg Household Size
32
Median Age
10%
College-Educated
72%
High-School Grad
13.3 sq mi
ZIP Area
6,357
Density / Sq Mi
$76,914
Median Household Income
$36,399
Median Earnings
$1,613
Median Rent
$433,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Remodeled two-level office building with Craftsman character, 10 leased units, and gated on-site parking in downtown Rialto.
Where is this office units located?
The property is located at 437 N Riverside Rialto, CA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Approximately 6,510 SF two‑level office building with 10 office units and 4 bathrooms; All 10 units leased by 3 separate tenants with an approximate 6% cap rate; 19 gated on‑site parking spaces plus 14 spaces on the included adjacent lot, totaling 33 spaces
