Freestanding Office
9345 Magnolia Ave Riverside, CA 92503
9345 Magnolia Ave, Riverside, CA, 92503
$800,000
For Sale
$800,000
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 Market9
Property Features for 9345 Magnolia Ave
General Information
- Standard status
- Active
- Size
- 2,402 SF
- Lot size
- 0.20 Acres
- Property subtype
- Commercial
Listing agency
Listed by
Josie Lopez
Source
Elliman
Added: Jul 13 Updated: Jul 21 at 2:23PM Checked: Jul 21 at 2:23PM
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 Josie Lopez
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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.4k | $26.40 |
| − Vacancy | −$4.6k | −$1.90 |
| EGI | $58.8k | $24.50 |
| − OpEx | −$14.7k | −$6.12 |
| NOI | $44.1k | $18.37 |
2,402 SF · lease $26.40/SF/yr · vacancy 7.20% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
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
