Freestanding Medical Office
New
For Sale
$1,000,000
7154 Magnolia Ave, Riverside, CA 92504
Dental facility with dedicated treatment rooms, private restroom, building signage, and on-site parking.
Property Size2,100 SF
Days on Market7
Property Features for 7154 Magnolia Ave
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Office
Building Details
Building Size
2,100 SF
Listing Agency:
Lee & Associates - Riverside
(951) 276-3633
Listed By:
Jennifer Kapur · License #CalDRE #01054735
Source:
Lee-associates
Added: Aug 14
Changed: Aug 15
Last Checked: Aug 20 at 4:39AM
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
Investment Insights
Based on property information with market context.
This freestanding dental facility is configured with 5 operatories, a private restroom, building signage, and 12 parking spaces. The property is identified as medical office space and is located at 7154 Magnolia Ave, Riverside, CA 92504.
Key Highlights
- 5 operatories for dental use
- 12 parking spaces
- Freestanding building configuration
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
$40,210
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
4.02%
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%
$804,200
$804.2K
Cap Rate 7%
$574,429
$574.4K
Cap Rate 9%
$446,778
$446.8K
Market Conditions
NOI Build-Up for 2,100 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
$58.0K $27.60/SF
− Vacancy
−$4.3K −$2.07/SF
EGI
$53.6K $25.53/SF
− OpEx
−$13.4K −$6.38/SF
NOI
$40.2K $19.15/SF
Area
ZIP 92504
Vacancy
7.50%
Lease Rate
$27.60 /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%
$804,200
Cap Rate 7%
$574,429
Cap Rate 9%
$446,778
Alternative Uses
Best Use
Office B
$574.4K
$502.6K – $670.2K
NOI $40,210 @ 7.0% cap · market cap 4.02%
Second Best
Healthcare Medical
$484.7K
$424.1K – $565.5K
NOI $33,929 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$719.7K
$629.7K – $839.7K
NOI $50,379 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,703
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92504, CA
54,642
Population
17,038
Households
3.2
Avg Household Size
36
Median Age
21%
College-Educated
82%
High-School Grad
22.7 sq mi
ZIP Area
2,407
Density / Sq Mi
$88,168
Median Household Income
$39,539
Median Earnings
$1,758
Median Rent
$501,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Doty David MD — 6800 Brockton Ave STE 2, Riverside, CA 92506
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- Small Animal Hospital: Fine Shavit DVM — 6695 Magnolia Ave, Riverside, CA 92506
- Small Animal Hospital: Mickelson Paul B DVM — 6695 Magnolia Ave, Riverside, CA 92506, United States
Frequently Asked Questions
What type of property is this?
Medical Office Space - Dental facility with dedicated treatment rooms, private restroom, building signage, and on-site parking.
Where is this medical office space located?
The property is located at 7154 Magnolia Ave Riverside, CA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 5 operatories for dental use; 12 parking spaces; Freestanding building configuration
