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    Class A Multi-Tenant Warehouse Title is generated by Realmo AI

    601 Columbia Ave, Riverside, CA 92507

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    For Lease
    $1.29 SF/Yr $1,840/Mo (calc)

    Class A multi-tenant warehouse with a fenced, secured yard, ideal for operations needing controlled outdoor storage.

    Type:Industrial
    Property size:
    17,120 SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 3:26 am

    Property Features for 601 Columbia Ave

    General Information

    Standard status
    Active
    Size
    17,120 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    2003

    Spaces For Lease

    at 601 Columbia Ave Contact us

    We can help!

    Listing Contact
    Mario Calvillo
    Mario Calvillo

    Listing agent Mario Calvillo License #CalDRE #01911573

    Listing office Lee & Associates

    Listing date Jun 2, 2026

    Source Lee-associates

    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

    HighLights

    • 2003‑built Class A multi‑tenant warehouse building
    • Fenced, secured yard for controlled outdoor storage

    Overview

    This Class A multi-tenant warehouse is built to support a range of industrial uses, with a layout designed to serve multiple occupants within the same building. A fenced, secured yard provides an added layer of control for equipment staging, deliveries, and other outdoor operational needs. The property is presented for appointment-only touring, allowing qualified prospects to review the space firsthand.

    Located at 601 Columbia Ave in Riverside, CA, the facility is marketed as an institutional-quality option for tenants seeking a maintained, professional industrial environment. The secured yard component is particularly relevant for users that need to manage access to outdoor areas and keep day-to-day activities contained.

    For tenants, this building may be a strong fit for distribution, logistics support, and light industrial operations that benefit from both flexible multi-tenant occupancy and an on-site fenced yard. The multi-tenant configuration can also support businesses looking for an established warehouse setting rather than a stand-alone facility. Prospective tenants should contact the listing team to schedule an appointment and confirm specific space and configuration details.
    Location Intelligence

    Current Use by Public Records

    Clopay Corporation - Riverside ... Building Supply West Coast Lights ... (Bike/Boat/Book/etc) Store Blacoh Industries Industrial Manufacturer

    Suggested Use

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

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • SecurCare Self Storage — 1807 Columbia Ave, Riverside, CA 92507
    • SecurCare Self Storage — 1825 Service Ct, Riverside, CA 92507
    • Bill LOsee Eurotech performance — 1504 Columbia Ave STE 5, Riverside, CA 92507, United States
    • Self-Storage at U-Haul — 1834 Spruce St, Riverside, CA 92507
    • Vino Veritas Vaults & Barrel House — 1660 Chicago Ave # N5, Riverside, CA 92507

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.3251799
    Latitude
    34.0013373

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    FAQs

    What type of property is this?
    Warehouse - Class A multi-tenant warehouse with a fenced, secured yard, ideal for operations needing controlled outdoor storage.
    Where is this warehouse located?
    The property is located at 601 Columbia Ave Riverside, CA.
    What is the lease rate?
    The lease rate is $1.29 SF/Yr.
    What are key features of this property?
    This property features: 2003‑built Class A multi‑tenant warehouse building; Fenced, secured yard for controlled outdoor storage
    (951) 276-3657
    We can help!
    Listing Contact
    Mario Calvillo
    Mario Calvillo
    Real Estate License ID: CalDRE #01911573
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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