Freestanding Office
For Sale
$800,000
9345 Magnolia Ave, Riverside, CA 92503
Freestanding office building with multiple private offices, conference rooms, and a reception area on Magnolia Avenue.
Property Size2,402 SF
Lot Size0.20 Acres
Price / SF$333.06
Days on Market101
Property Features for 9345 Magnolia Ave
General Information
Standard status
Active
Size
2,402 SF
Lot size
0.20 Acres
Amenities
four private offices
two conference rooms
reception lobby
kitchen
two restrooms
Building Details
Year Built
1983
Listing Agency:
Total Funding & Realty
(714) 719-5515
Listed By:
Josie Lopez
Source:
Tfregroup
Added: Jul 13
Changed: Oct 4
Last Checked: Oct 20 at 8:33PM
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 Total Funding & Realty
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Investment Insights
Based on property information with market context.
This freestanding commercial office building was built in 1983 and offers approximately 2,402 square feet of functional office space on an approximately 8,712 square foot lot. The interior layout includes four private offices, two conference rooms, a reception/lobby area, a fully equipped kitchen, and two restrooms, supporting day-to-day office operations. The property is described as well-maintained and move-in ready for immediate occupancy.
The building is positioned along Magnolia Avenue with visibility and accessibility. The property is zoned for commercial office use.
Designed as a professional workplace, the floor plan balances private work areas with conference space and shared support amenities such as the reception area, kitchen, and two restrooms.
The building is positioned along Magnolia Avenue with visibility and accessibility. The property is zoned for commercial office use.
Designed as a professional workplace, the floor plan balances private work areas with conference space and shared support amenities such as the reception area, kitchen, and two restrooms.
Key Highlights
- Freestanding commercial office building at 9345 Magnolia Avenue with approx. 2,402 SF of office space
- Located on an approx. 8,712 SF lot with frontage along highly visible Magnolia Avenue
- Built in 1983 with move‑in ready condition for immediate occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,135
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,700
$882.7K
Cap Rate 7%
$630,500
$630.5K
Cap Rate 9%
$490,389
$490.4K
Market Conditions
NOI Build-Up for 2,402 SF
Gross rent
$63.4K $26.40/SF
− Vacancy
−$4.6K −$1.90/SF
EGI
$58.8K $24.50/SF
− OpEx
−$14.7K −$6.12/SF
NOI
$44.1K $18.37/SF
Area
ZIP 92503
Vacancy
7.20%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,700
Cap Rate 7%
$630,500
Cap Rate 9%
$490,389
Alternative Uses
Best Use
Office B
$630.5K
$551.7K – $735.6K
NOI $44,135 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$823.2K
$720.3K – $960.4K
NOI $57,624 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,299
Businesses Nearby
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Business Placement
Demographics for 92503, CA
90,011
Population
25,802
Households
3.5
Avg Household Size
35
Median Age
21%
College-Educated
81%
High-School Grad
34.3 sq mi
ZIP Area
2,624
Density / Sq Mi
$91,523
Median Household Income
$42,150
Median Earnings
$1,801
Median Rent
$556,300
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Freestanding office building with multiple private offices, conference rooms, and a reception area on Magnolia Avenue.
Where is this office building located?
The property is located at 9345 Magnolia Ave Riverside, CA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Freestanding commercial office building at 9345 Magnolia Avenue with approx. 2,402 SF of office space; Located on an approx. 8,712 SF lot with frontage along highly visible Magnolia Avenue; Built in 1983 with move‑in ready condition for immediate occupancy
