Freestanding Industrial Flex
For Sale
Contact for pricing
600 Palmyrita Avenue, Riverside, CA 92507
Freestanding industrial facility with drive-around access, 12 dock high doors, and a fenced, paved gated yard.
Property Size72,040 SF
Price / SF$230.36
Days on Market205
Property Features for 600 Palmyrita Avenue
General Information
Standard status
Active
Size
72,040 SF
Property subtype
Industrial
Zoning
BMP (Business Manufacturing Park)
Investment Type
Owner/User
Site & Location
Neighborhood
Hunter Industrial Park
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
28 ft
Office Build-Out
3,500 SF
Dock-High Doors
12
Drive-In Doors
2
Truck Court Depth
110 ft
Power
1,200 amps
Voltage
480 V
Building Details
Buildings
1
Stories
1
Listing Agency:
Lee & Associates - Riverside
Listed By:
Rocky Moran · License #CA 01841701
(951) 276-3681
Source:
Crexi
Added: Apr 6
Changed: Oct 25
Last Checked: Oct 26 at 1:06PM
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 Lee & Associates - Riverside
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding industrial flex building offers 3,500 SF of office space alongside full drive-around access. The warehouse includes 12 dock high doors and 2 grade level doors with a stated 28' minimum clear height. Power is provided via a 1,200-amp service with an expandable capacity to 2,000 amps, and the property notes 277/480V power (to be verified). Exterior improvements include a fenced and paved gated yard and a 110' concrete truck court.
The property is located at 600 Palmyrita Ave in Riverside, CA 92507. Its configuration is described as ideal for a multi-tenant setup, with 1,750 SF of office space on each end of the building.
Overall, the building is positioned for operational flexibility with strong loading capacity, truck access via the concrete court, and dedicated office areas that can support multiple occupants.
The property is located at 600 Palmyrita Ave in Riverside, CA 92507. Its configuration is described as ideal for a multi-tenant setup, with 1,750 SF of office space on each end of the building.
Overall, the building is positioned for operational flexibility with strong loading capacity, truck access via the concrete court, and dedicated office areas that can support multiple occupants.
Key Highlights
- 3,500 SF freestanding office/industrial building with full drive‑around access
- 28' minimum clear height with 12 dock high doors and 2 ground‑level (GL) doors
- Fenced, paved, gated yard with 110' concrete truck court
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,077,214
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$21,544,280
$21.5M
Cap Rate 7%
$15,388,771
$15.4M
Cap Rate 9%
$11,969,044
$12.0M
Market Conditions
NOI Build-Up for 72,040 SF
Gross rent
$1.37M $19.08/SF
− Vacancy
−$107.2K −$1.49/SF
EGI
$1.27M $17.59/SF
− OpEx
−$190.1K −$2.64/SF
NOI
$1.08M $14.95/SF
Area
ZIP 92507
Vacancy
7.80%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$21,544,280
Cap Rate 7%
$15,388,771
Cap Rate 9%
$11,969,044
Alternative Uses
Best Use
Warehouse
$15.39M
$13.47M – $17.95M
NOI $1,077,214 @ 7.0% cap · market cap 6.49%
Second Best
Flex RnD
$14.56M
$12.74M – $16.98M
NOI $1,019,027 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$24.69M
$21.60M – $28.80M
NOI $1,728,234 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
28 ft
Clear height
12
Dock-high doors
2
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92507, CA
63,191
Population
19,739
Households
3.2
Avg Household Size
28
Median Age
32%
College-Educated
84%
High-School Grad
21.4 sq mi
ZIP Area
2,953
Density / Sq Mi
$72,367
Median Household Income
$31,961
Median Earnings
$1,780
Median Rent
$503,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding industrial facility with drive-around access, 12 dock high doors, and a fenced, paved gated yard.
Where is this flex space located?
The property is located at 600 Palmyrita Avenue Riverside, CA.
What is the asking price?
The asking price for this property is $16,595,000.
What are key features of this property?
This property features: 3,500 SF freestanding office/industrial building with full drive‑around access; 28' minimum clear height with 12 dock high doors and 2 ground‑level (GL) doors; Fenced, paved, gated yard with 110' concrete truck court
