4505 Allstate Drive, Riverside, CA 92501

Building Details

Year built

1989

Listing agent BLANCA ALVAREZ License #01801789 Show Phone

Listing office ALTICORE REALTY j***@msn.com 12981 PERRIS BLVD. STE 103-A, MORENO VALLEY, CA Show Phone

Listing date Apr 7, 2026

Report an issue

MLS# IV26074452

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

---

Overview

This three-story office building at 4505 Allstate Drive is described as well-maintained and is currently reported as 100% occupied. The offering is positioned for continued tenancy with long-term tenants in place, and the building is presented as turnkey for buyers looking for an established office asset.

The property is located just off Freeways 91 and 215 and is described as providing high visibility and accessibility. It is also noted as being near downtown Riverside, CA, which can support general commuter convenience for office tenants and visitors.

For investors, this sale is marketed around immediate occupancy and the reported 8%+ cap rate in the provided remarks. For tenant users, the existing office configuration and current occupancy status may be relevant when evaluating stability, while the freeway-adjacent location can matter for ongoing business operations. Please review the offering details for further information on the current tenants and building specifics.

Suggested Use

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

-117.3756647

Latitude

34.0036772

Nearby Similar for Sale

• 

  $1,100,000

  Auto Service Business with 10 Bays

  Turnkey auto service operation includes 10 bays, specialized equipment, and onsite parking for customer service.

  4811 Van Buren Boulevard, Riverside, CA 92503

  View Details
• 

  $1,125,000

  Tudor-Style Multi-Family Property

  For-sale Tudor-style multi-family property on a 0.16-acre lot in Riverside, zoned R1065.

  4600 Sunnyside Drive, Riverside, CA 92506

  View Details
• 

  $875,000

  2,384 SF

  Duplex-Style Residence with Pool

  Two homes on one lot with a remodeled main residence, a fully permitted secondary unit, and RV parking.

  3540 Nelson, Riverside, CA 92506

  View Details
• 

  $2,900,000

  Warehouse with Secured Yard

  Well-built industrial facility with dock-high loading, roll-up door, office space, mezzanine, and gated parking.

  6675 Doolittle, Riverside, CA 92503

  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
• 

  $1,495,000

  5,350 SF

  Riverside Office Building For Sale

  5,350 SF Class B office building in downtown Riverside.

  6346 Brockton, Riverside, CA 92506

  View Details
• 

  $729,000

  Barbershop and Office Multi-Suite

  Three-suite commercial property with an in-place barbershop, two office spaces, and customer parking for flexible use.

  10397 Hole, Riverside, CA 92505

  View Details
• 

  $959,000

  Multi-Family Property For Sale

  For-sale multi-family property on a compact lot in Riverside, offering straightforward ownership for residential investors or owner-occupants.

  2643 10th Street, Riverside, CA 92507

  View Details
• 

  $2,900,000

  9,867 SF

  Riverside Industrial Warehouse with Mezzanine

  Well-maintained industrial warehouse with office, mezzanine, and secured yard.

  6675 Doolittle, Riverside, CA 92503

  View Details
• 

  $3,990,000

  Mixed-Use Land Site

  For sale 1.03-acre mixed-use zoned parcel with potential for a variety of development concepts.

  1550 University Avenue, Riverside, CA 92507

  View Details
• 

  $3,498,000

  Commercial Land Parcel

  3.51-acre parcel zoned C-2 in Riverside, offering flexibility for a range of commercial development uses.

  7509 Arlington, Riverside, CA 92503

  View Details
• 

  $695,000

  Multi-Family Property

  For-sale multi-family property in Riverside, offered as a small-lot residential investment opportunity.

  11711 Carmine Street, Riverside, CA 92505

  View Details

FAQs

What type of property is this?

Office building - Three-story office building for sale with full occupancy and convenient freeway access near downtown Riverside.

Where is this office building located?

The property is located at 4505 Allstate Drive Riverside, CA.

What is the asking price?

The asking price for this property is $4,500,000.

What are key features of this property?

This property features: 3‑story office building built in 1989; 100% occupied with long‑term tenants in place; Over 8% cap rate reported in the listing