Mixed-Use Property with Roll-Up
For Sale
$1,949,000
8616 Limonite Avenue, Riverside, CA 92509
Commercial Sale, Riverside, CA
Property Size6,000 SF
Lot Size0.56 Acres
Price / SF$324.83
Days on Market48
Property Features for 8616 Limonite Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Directions
Located on Limonite Avenue, cross street is Eucalyptus Street
Subdivision
252 - Riverside
Standard status
Active
APN
163152036
Lot size
0.56 Acres
Additional Details
Mixed-Use Components
retail, warehouse
Property Use
Retail and Warehouse
Building Details
Year built
1981
Buildings
1
Listing Agency:
Acreage Real Estate
(909) 606-1505
Listed By:
GURJEET BHATIA · License #01895064
(909) 210-1570
Added: Sep 17
Changed: Nov 2
Last Checked: Nov 3 at 8:06AM
MLS# IV26208123
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1981, this freestanding mixed-use commercial building contains approximately 6,000 square feet on a level 0.56-acre parcel. Its open interior is suited to retail and warehouse functions. The property previously operated as a hardware store. A large roll-up door provides access from the alley, and the site includes approximately 24 parking spaces, with additional street parking available. Pylon signage is also in place.
The property fronts Limonite Avenue for approximately 200 feet. It is about 3 miles from I-15, 5 miles from CA-91, and 6 miles from SR-60; actual freeway distances depend on route and access point.
The property fronts Limonite Avenue for approximately 200 feet. It is about 3 miles from I-15, 5 miles from CA-91, and 6 miles from SR-60; actual freeway distances depend on route and access point.
Key Highlights
- Approximately 6,000 SF freestanding building on a level 0.56‑acre lot
- Approximately 200 feet of frontage on Limonite Avenue
- Open interior with retail and warehouse configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,261
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,865,220
$1.9M
Cap Rate 7%
$1,332,300
$1.3M
Cap Rate 9%
$1,036,233
$1.0M
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$110.2K $18.36/SF
− Vacancy
−$441 −$0.07/SF
EGI
$109.7K $18.29/SF
− OpEx
−$16.5K −$2.74/SF
NOI
$93.3K $15.54/SF
Area
Riverside, CA
Vacancy
0.40%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,865,220
Cap Rate 7%
$1,332,300
Cap Rate 9%
$1,036,233
Alternative Uses
Best Use
Warehouse
$1.33M
$1.17M – $1.55M
NOI $93,261 @ 7.0% cap · market cap 4.79%
Second Best
Retail
$1.23M
$1.08M – $1.43M
NOI $86,003 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$2.06M
$1.80M – $2.40M
NOI $144,092 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
481
Businesses Nearby
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Business Placement
Demographics for 92509, CA
78,166
Population
20,929
Households
3.7
Avg Household Size
34
Median Age
14%
College-Educated
72%
High-School Grad
30.7 sq mi
ZIP Area
2,546
Density / Sq Mi
$95,218
Median Household Income
$40,015
Median Earnings
$1,698
Median Rent
$501,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Pylon signage, alley access, and on-site parking support the building’s retail and warehouse configuration.
Where is this mixed-use property located?
The property is located at 8616 Limonite Avenue Riverside, CA.
What is the asking price?
The asking price for this property is $1,949,000.
What are key features of this property?
This property features: Approximately 6,000 SF freestanding building on a level 0.56‑acre lot; Approximately 200 feet of frontage on Limonite Avenue; Open interior with retail and warehouse configuration
