Commercial Storefront with Flexible
For Sale
$495,000
6682 Magnolia Avenue, Riverside, CA 92506
Flexible zoning and high-visibility Magnolia Avenue frontage support a range of service, retail, and office uses.
Property Size1,060 SF
Lot Size0.09 Acres
Price / SF$466.98
Days on Market124
Property Features for 6682 Magnolia Avenue
General Information
Standard status
Active
Size
1,060 SF
Lot size
0.09 Acres
Property subtype
Commercial/Industrial
Zoning
Commercial General
Site & Location
Traffic Count
15,000 vehicles/day
Highway Access
Yes
Building Details
Year Built
1951
Listing Agency:
Coldwell Banker Realty
(951) 682-1133
Listed By:
Gary Nickels · License #02059145
(951) 227-0068
Source:
Exitrealty
Added: May 14
Changed: Sep 7
Last Checked: Sep 14 at 7:36AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This commercial storefront building at 6682 Magnolia Avenue offers approximately 1,060 square feet of space on a 3,920 square foot lot. The property is positioned for flexibility across a variety of commercial and retail concepts, with zoning that contemplates more intensive service commercial, retail, office, and repair uses. The listing also notes zoning may permit certain outdoor retail opportunities, which can be useful for businesses looking to activate the street-facing experience.
The site is located along Magnolia Avenue, one of Riverside’s most traveled corridors, with estimated 15,000+ vehicles driving past each day. Its visibility supports signage and branding, and the area provides easy access to major streets and freeways. The property is also described as just minutes from Downtown Riverside, with nearby destinations including the historic Mission Inn and other local attractions such as Mount Rubidoux, The Cheech Marin Center for Chicano Art & Culture, and the Fox Performing Arts Center.
For an owner-user, this is a practical option when you want a storefront presence supported by flexible zoning. For investors, the same versatility can support a range of operating strategies within service commercial, retail, office, and repair categories, subject to buyer verification of zoning requirements and outdoor retail allowances.
The site is located along Magnolia Avenue, one of Riverside’s most traveled corridors, with estimated 15,000+ vehicles driving past each day. Its visibility supports signage and branding, and the area provides easy access to major streets and freeways. The property is also described as just minutes from Downtown Riverside, with nearby destinations including the historic Mission Inn and other local attractions such as Mount Rubidoux, The Cheech Marin Center for Chicano Art & Culture, and the Fox Performing Arts Center.
For an owner-user, this is a practical option when you want a storefront presence supported by flexible zoning. For investors, the same versatility can support a range of operating strategies within service commercial, retail, office, and repair categories, subject to buyer verification of zoning requirements and outdoor retail allowances.
Key Highlights
- Approximately 1,060 SF commercial building on a 3,920 SF lot (6682 Magnolia Ave).
- Zoned Commercial General (buyer to verify), allowing more intensive service commercial, retail, office, and repair uses.
- Parking: 10 parking spaces on site.
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
$15,194
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
3.07%
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%
$303,880
$303.9K
Cap Rate 7%
$217,057
$217.1K
Cap Rate 9%
$168,822
$168.8K
Market Conditions
NOI Build-Up for 1,060 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
$22.9K $21.60/SF
− Vacancy
−$1.2K −$1.12/SF
EGI
$21.7K $20.48/SF
− OpEx
−$6.5K −$6.14/SF
NOI
$15.2K $14.33/SF
Area
ZIP 92506
Vacancy
5.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$303,880
Cap Rate 7%
$217,057
Cap Rate 9%
$168,822
Alternative Uses
Best Use
Retail
$217.1K
$189.9K – $253.2K
NOI $15,194 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$363.7K
$318.2K – $424.3K
NOI $25,456 @ 7.0% cap · market cap 5.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
15,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,271
Businesses Nearby
518k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 20%
Apparel 10%
Leisure 8%
Regal Cinemas Riverside Plaza 16
Leisure
42,519 visits/mo
0.5 miles
Burlington
Apparel
31,702 visits/mo
0.4 miles
Chick-fil-A
Dining
28,686 visits/mo
0.3 miles
Jack in the Box
Dining
24,974 visits/mo
0.5 miles
Wendy's
Dining
21,227 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Storefront property - Flexible zoning and high-visibility Magnolia Avenue frontage support a range of service, retail, and office uses.
Where is this storefront property located?
The property is located at 6682 Magnolia Avenue Riverside, CA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Approximately 1,060 SF commercial building on a 3,920 SF lot (6682 Magnolia Ave).; Zoned Commercial General (buyer to verify), allowing more intensive service commercial, retail, office, and repair uses.; Parking: 10 parking spaces on site.
