Riverside Office Building For
For Sale
$1,495,000
6346 Brockton AVE, Riverside, CA 92506
5,350 SF Class B office building in downtown Riverside.
Property Size5,350 SF
Lot Size0.31 Acres
Price / SF$279.44
Days on Market107
Property Features for 6346 Brockton AVE
General Information
Standard status
Active
Size
5,350 SF
Lot size
0.31 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1987
Listing Agency:
Compass
(310) 634-5154
Listed By:
Sahmon Zoughi · License #01930385
(310) 634-5154
Source:
Exitrealty
Added: May 12
Changed: Aug 25
Last Checked: Aug 25 at 5:36AM
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 Compass
Investment Insights
Based on property information with market context.
This 5,350 square foot Class B office building, constructed in 1989, is situated in downtown Riverside. Zoned GC and located on a 0.31-acre lot, the single-story building is suitable for multiple tenants, presenting an investment or owner-user opportunity. The building's layout includes private offices, conference rooms, and reception areas. There are 14 on-site parking spaces. The property is located near the SR-91 Freeway and the Downtown Riverside Metrolink Station. Adjacent to the Riverside County Historic Courthouse and civic center, it is surrounded by retail, dining, and business services. The property has landscaping with mature trees and manicured shrubs.
Key Highlights
- Prime Downtown Riverside location in a vibrant civic and commercial corridor.
- Versatile 5,350 SF Class B office building suitable for multiple tenants or owner‑user.
- Convenient access to SR‑91 Freeway and Downtown Riverside Metrolink Station.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$99,309
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,986,180
$2.0M
Cap Rate 7%
$1,418,700
$1.4M
Cap Rate 9%
$1,103,433
$1.1M
Market Conditions
NOI Build-Up for 5,350 SF
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.
Gross rent
$141.2K $26.40/SF
− Vacancy
−$8.8K −$1.65/SF
EGI
$132.4K $24.75/SF
− OpEx
−$33.1K −$6.19/SF
NOI
$99.3K $18.56/SF
Area
ZIP 92506
Vacancy
6.25%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,986,180
Cap Rate 7%
$1,418,700
Cap Rate 9%
$1,103,433
Alternative Uses
Best Use
Office B
$1.42M
$1.24M – $1.66M
NOI $99,309 @ 7.0% cap · market cap 6.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.84M
$1.61M – $2.14M
NOI $128,482 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,316
Businesses Nearby
Explore this area
Business Placement
Demographics for 92506, CA
45,185
Population
15,407
Households
2.9
Avg Household Size
41
Median Age
42%
College-Educated
93%
High-School Grad
16.2 sq mi
ZIP Area
2,789
Density / Sq Mi
$120,877
Median Household Income
$51,224
Median Earnings
$1,814
Median Rent
$634,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 5,350 SF Class B office building in downtown Riverside.
Where is this office building located?
The property is located at 6346 Brockton AVE Riverside, CA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Prime Downtown Riverside location in a vibrant civic and commercial corridor.; Versatile 5,350 SF Class B office building suitable for multiple tenants or owner‑user.; Convenient access to SR‑91 Freeway and Downtown Riverside Metrolink Station.
