Building Details

Building Size 3,708 SF

Year Built 1957

Buildings 2

Stories 1

Listing Agency: WSR Real Estate

Listed By: JEFFREY WOLSLEGER · License #01253398 Show Phone

Source: Evrealestate

Added: Jul 5 Changed: Oct 19 Last Checked: Oct 20 at 8:31PM

Report an Issue

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 WSR Real Estate

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This for-sale retail strip mall offers storefront-focused commercial space suitable for a range of neighborhood retail uses. The listing is provided as a retail property with a strip-mall format, reflecting multiple storefront-style units within the overall shopping center configuration.

The property is located at 6692 Magnolia in Riverside County, CA 92506. It is listed for $1,799,999.

With the information currently available, prospective tenants and buyers should confirm unit count, current occupancy, and any available rent or offering details with the listing broker.

Key Highlights

• Retail strip mall with storefront space in Riverside County
• Year built: 1957
• Ductless heating with heat pump

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$53,150

Cap Rate

3.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,063,000 $1.1M

Cap Rate 7%

$759,286 $759.3K

Cap Rate 9%

$590,556 $590.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,708 SF

Gross rent

$80.1K $21.60/SF

− Vacancy

−$4.2K −$1.12/SF

EGI

$75.9K $20.48/SF

− OpEx

−$22.8K −$6.14/SF

NOI

$53.1K $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 Rate 5%

$1,063,000

Cap Rate 7%

$759,286

Cap Rate 9%

$590,556

Alternative Uses

Best Use

Retail

$759.3K

$664.4K – $885.8K (±1% cap)

NOI $53,150 @ 7.0% cap · market cap 3.80%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.27M

$1.11M – $1.48M (±1% cap)

NOI $89,049 @ 7.0% cap · market cap 6.36%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Castillos Carpet Shack General Contractor

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Big Box & Wholesale Store Catering Service Bar & Pub Furniture & Home Goods

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

Location Intelligence

Trade Area within ½ mile

3,271

Businesses Nearby

518k

Monthly Visits Nearby

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

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Similar For Sale Nearby

See more

Freestanding Retail Strip Center

405 Iowa Ave, Riverside, CA 92507

$1,999,999

0.34 Acres

View details

Commercial Buildings on Fenced Lot

407 Iowa Avenue, Riverside, CA 92507

$1,650,000

4,536 SF

View details

Freestanding Storefront with Rear Garage

3652 Van Buren, Riverside, CA 92503

$1,150,000

1,332 SF

View details

Retail Strip Center For Sale

5300 Arlington Ave., Riverside, CA 92504

$2,700,000

7,430 SF

View details

Single-Tenant Retail NNN Building

1710 Main Street, Riverside, CA 92501

$2,900,000

View details

Established Barbershop Business Opportunity

10397 Hole, Riverside, CA 92505

$729,000

1,152 SF

View details

Commercial Storefront with Flexible Zoning

6682 Magnolia Avenue, Riverside, CA 92506

$495,000

1,060 SF

View details

Multi-Parcel Storefront Property

982 Center, Riverside, CA 92507

$510,000

View details

Turnkey Flower Shop Business

A-10759 Magnolia Ave, Riverside, CA 92503

$145,000

View details

Single-Story Office Condo Suite

11830 Pierce Street Suite 100, Riverside, CA 92505

$1,508,800

View details

Four-Unit Corner-Lot Quadplex

4204 12th St, Riverside, CA 92501

$1,475,000

View details

Single-Level Flex Space with Roll-Up Door

4130 Flat Rock Dr #6c, Riverside, CA 92505

$1,400,000

3,264 SF

View details

Frequently Asked Questions

What type of property is this?

Strip mall - For-sale retail strip mall with storefront space located in Riverside County.

Where is this strip mall located?

The property is located at 6692 Magnolia Riverside, CA.

What is the asking price?

The asking price for this property is $1,399,999.

What are key features of this property?

This property features: Retail strip mall with storefront space in Riverside County; Year built: 1957; Ductless heating with heat pump