Downtown Craftsman Office
437 Riverside Rialto, CA 92376
437 Riverside, Rialto, CA, 92376
$2,200,000
For Sale
$2,200,000
Two-level office building with 10 leased suites, upgraded rooftop HVAC, dual-pane windows, and gated parking.
Property Size6,510 SF
Lot Size0.58 Acres
Price / SF$337.94
Days on Market96
Property Features for 437 Riverside
General Information
- Standard status
- Active
- Size
- 6,510 SF
- Lot size
- 0.58 Acres
- Property subtype
- Office
Building Details
- Year Built
- 2000
Listing agency
RE/MAX ADVANTAGE
(909) 797-4133
Listed by
BRANDON MIHLD · License #01968068
Source
Xome
Added: Apr 17 Updated: Jul 21 at 4:55AM Checked: Jul 21 at 4:55AM
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.
Located in downtown Rialto, this two-level office building has been fully restored with Craftsman-style character and modern commercial functionality. The property offers 10 total office units and four bathrooms, with upgrades that include rooftop HVAC systems and dual-pane windows.
The building is set on highly visible Riverside Avenue and includes prominent signage, wrought iron fencing, an automatic security gate, exterior lighting, and mature landscaping. Parking is provided by 19 gated on-site spaces plus 14 additional spaces on the included adjacent parking lot, for 33 total parking spaces, with the adjacent lot included on a separate APN.
As currently configured, all 10 units are leased by three separate tenants. The owner also states the building may allow for future conversion to apartment-style residential use, which the buyer would need to verify with the City of Rialto.
The building is set on highly visible Riverside Avenue and includes prominent signage, wrought iron fencing, an automatic security gate, exterior lighting, and mature landscaping. Parking is provided by 19 gated on-site spaces plus 14 additional spaces on the included adjacent parking lot, for 33 total parking spaces, with the adjacent lot included on a separate APN.
As currently configured, all 10 units are leased by three separate tenants. The owner also states the building may allow for future conversion to apartment-style residential use, which the buyer would need to verify with the City of Rialto.
Key Highlights
- Two‑level, 6,510 SF office building built in 2000 with 10 office units and 4 bathrooms (2 per level)
- All 10 units are currently leased by 3 separate tenants; approximate 6% CAP rate and 2025 NOI of $131,348
- 19 gated on‑site parking spaces plus 14 spaces on an included adjacent parking lot (33 total spaces); adjacent lot is separate APN
Local 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 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.64M
$1.44M – $1.92M
NOI $115,135 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Morgan Framing Inc
Construction Company
Court Appointed Special ...
Charitable Organization
C-Hiree Personnel Inc.
Employment Agency
Rialto Water Services ...
Water Utility Company
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two-level office building with 10 leased suites, upgraded rooftop HVAC, dual-pane windows, and gated parking.
Where is this office building located?
The property is located at 437 Riverside Rialto, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Two‑level, 6,510 SF office building built in 2000 with 10 office units and 4 bathrooms (2 per level); All 10 units are currently leased by 3 separate tenants; approximate 6% CAP rate and 2025 NOI of $131,348; 19 gated on‑site parking spaces plus 14 spaces on an included adjacent parking lot (33 total spaces); adjacent lot is separate APN
