Building Details

Year built 1989

Listing Agency: ALTICORE REALTY j***@msn.com Show Phone

Listed By: BLANCA ALVAREZ · License #01801789 Show Phone

Added: Apr 7 Changed: Aug 24 Last Checked: Aug 29 at 8:06PM

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MLS# IV26074452

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Investment Insights

Based on property information with market context.

Built in 1989, this three-story office building is fully occupied with long-term tenants in place. The property offers an established office configuration with ongoing occupancy and an 8%+ cap rate. Its location just off Freeways 91 and 215 places the building approximately 5 minutes from Downtown Riverside, supporting convenient regional access for occupants and visitors.

Key Highlights

• Three‑story office building built in 1989
• 100% occupied with long‑term tenants in place
• 8%+ cap rate

Property Analytics

Property Profile

Current Use

Covered California Certified ... Insurance Agency Primerica Insurance Agency Law Office of Robert ... Law Firm Stacy Albelais, Attorney ... Law Firm Law Offices of Karen ... Law Firm

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Big Box & Wholesale Store Spa & Massage Center Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Multi-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

455

Businesses Nearby

Explore this area Business Placement

Demographics for 92501, CA

22,017

Population

7,488

Households

2.9

Avg Household Size

35

Median Age

18%

College-Educated

81%

High-School Grad

5.6 sq mi

ZIP Area

3,932

Density / Sq Mi

$83,027

Median Household Income

$41,780

Median Earnings

$1,615

Median Rent

$466,400

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office building - Fully occupied office property with established tenants 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: Three‑story office building built in 1989; 100% occupied with long‑term tenants in place; 8%+ cap rate