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    10920 Magnolia Ave Riverside, CA 92505

    Sponsored
    For Sale
    $8,628,000

    Multi-tenant QSR, high occupancy, strong NOI.

    Property size:
    9,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    406
    This exceptional investment opportunity presents a 9,600 square foot, single-story, multi-tenant retail building in Riverside, CA. Located at the highly visible southwest corner of Magnolia Avenue and Park Sierra Drive, this Class B property boasts a 100% occupancy rate with five high-quality tenants: Subway, Blaze Pizza, California Fish Grill, BurgerIM, and ShareTea. Built in 2019, the property features 77 parking spaces on a 1.33-acre lot and benefits from a strong NOI of $451,993, resulting in a 5.25% cap rate. The asking price is $8,628,000. The property is zoned CG and has a total of five units. Its prime location across from Kaiser Permanente Regional Medical Center, near UC Riverside, and other colleges, ensures high foot traffic and a strong customer base. The property's strategic placement within the Park Sierra Shopping Center, alongside established businesses like Walgreens, LA Fitness, McDonald's, and Raising Cane's, further enhances its appeal. A pending lease for a 50,000 square foot grocery store in an adjacent building promises to increase the property's value and draw even more customers. This is a rare opportunity to acquire a well-performing, multi-tenant retail property in a thriving Riverside location. The property's strong tenant mix, high occupancy, and excellent location make it an attractive investment for discerning buyers. The APN is 138-470-037. A potential $3,650,000 loan may be assumable.

    Property Features for 10920 Magnolia Ave

    General Information

    Property type
    Restaurants
    Square Feet
    9,600 SF
    Class
    B
    Lot Size
    57,935 SF

    Building Details

    Year Built
    2019
    Buildings
    1
    Stories
    1
    Units
    5

    We can help!

    Listing Contact
    Bill Bauman
    Bill Bauman

    Learn more

    HighLights

    • 9,600 SF multi‑tenant retail building on a prominent Riverside, CA corner.
    • 100% occupied by strong national tenants: Subway, Blaze Pizza, California Fish Grill, BurgerIM, and ShareTea.
    • High‑performing asset with a strong NOI of $451,993 and a 5.25% cap rate. Asking price: $8,628,000.
    • Excellent location across from Kaiser Permanente Riverside Medical Center, near UC Riverside, and other colleges, ensuring high traffic.
    • Situated within the Park Sierra Shopping Center, adjacent to Walgreens, LA Fitness, McDonald's, and Raising Cane's. A new 50,000 SF grocery store is planned nearby.
    • Built in 2019, the property features 77 parking spaces on a 1.33‑acre lot. APN: 138‑470‑037. A $3,650,000 loan may be assumable.
    Property Profile Location Intelligence

    Current Use by Public Records

    BurgerIM Hamburger Restaurant Blaze Pizza Pizza Restaurant Aria Korean Street ... Restaurant Sharetea Riverside Bubble Tea Store California Fish Grill Seafood Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.47249147689
    Latitude
    33.904935845299

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    FAQs

    What type of property is this?
    Restaurant - Multi-tenant QSR, high occupancy, strong NOI.
    Where is this restaurant located?
    The property is located at 10920 Magnolia Ave Riverside, CA.
    What is the asking price?
    The asking price for this property is $8,628,000.
    What are key features of this property?
    This property features: 9,600 SF multi-tenant retail building on a prominent Riverside, CA corner.; 100% occupied by strong national tenants: Subway, Blaze Pizza, California Fish Grill, BurgerIM, and ShareTea.; High-performing asset with a strong NOI of $451,993 and a 5.25% cap rate. Asking price: $8,628,000.
    Request Owner's contact information
    10920 Magnolia Ave Riverside, CA 92505
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    Riverside, CA 92505
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10920 Magnolia Ave Riverside, CA 92505
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    We can help!
    Listing Contact
    Bill Bauman
    Bill Bauman
    Real Estate License ID: CA 00969493
    Learn more
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