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    Class A Crossdock Warehouse For Lease Title is generated by Realmo AI

    940 Columbia Ave, Riverside, CA 92507

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    For Lease
    $81,998 SF/Yr $560,306,000/Mo (calc)

    81,998 SF Class A warehouse available for lease.

    Type:Commercial-Specialty
    Property size:
    81,998 SF
    Added:
    Apr 2, 2026
    Days on Market:
    63
    Last Refresh:
    Apr 2 at 8:05 pm

    Property Features for 940 Columbia Ave

    General Information

    Standard status
    Active
    Size
    81,998 SF
    Property subtype
    Commercial-Specialty

    We can help!

    Listing Contact
    Ian DeVries
    Ian DeVries

    Listing agent Ian DeVries License #01019686

    Listing office Los Angeles - Orange County

    Listing date Apr 2, 2026

    Source Colliers

    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 Los Angeles - Orange County

    HighLights

    • Rare Class A crossdock warehouse in the prestigious Hunter Park area of Riverside.
    • Excellent location with easy access to I‑215, 60 & 91 Freeways.
    • +/- 81,998 SF available with divisible space.
    • ESFR sprinkler system and 28' minimum warehouse clearance.
    • Two‑story office areas totaling +/- 16,326 SF.
    • 13 total dock high doors (6 with pit levelers, 2 with edge of dock levelers) and 2 drive‑in grade level doors.

    Overview

    Approximately 81,998 square feet of space is available for lease at 940 Columbia Avenue, situated in the Hunter Park area of Riverside. This Class A crossdock warehouse features ESFR. There are two, two-story office areas totaling approximately 16,326 square feet, with Unit A offering 8,100 square feet and Unit B providing 8,226 square feet. The property includes two drive-in grade level doors and a total of 13 dock-high doors, six equipped with pit levelers and two with edge of dock levelers; Unit A has six dock-high doors, while Unit B has seven. Two secured concrete truck courts are present. The warehouse offers a minimum clearance of 28 feet and provides 600 amps of power, separately metered. The location benefits from favorable utility rates from the city of Riverside and provides access to the I-215, 60, and 91 Freeways. High profile corporate neighbors include Walmart, Nordstrom, Sabert Plastic, TM Cobb, Cibaria and Evergreen. The space is divisible.
    Location Intelligence

    Current Use by Public Records

    Preferred Plastics & Packaging Factory AWD PROCURAMENT Big Box & Wholesale Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Auto Repair Shop Big Box & Wholesale Store Nail Salon Hotel & Motel

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

    Similar Places Nearby

    • SecurCare Self Storage — 1807 Columbia Ave, Riverside, CA 92507
    • SecurCare Self Storage — 1825 Service Ct, Riverside, CA 92507
    • Bill LOsee Eurotech performance — 1504 Columbia Ave STE 5, Riverside, CA 92507, United States
    • Self-Storage at U-Haul — 1834 Spruce St, Riverside, CA 92507
    • Vino Veritas Vaults & Barrel House — 1660 Chicago Ave # N5, Riverside, CA 92507

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.3325527
    Latitude
    33.9997437

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    FAQs

    What type of property is this?
    Warehouse - 81,998 SF Class A warehouse available for lease.
    Where is this warehouse located?
    The property is located at 940 Columbia Ave Riverside, CA.
    What is the lease rate?
    The lease rate is $81,998.
    What are key features of this property?
    This property features: Rare Class A crossdock warehouse in the prestigious Hunter Park area of Riverside.; Excellent location with easy access to I‑215, 60 & 91 Freeways.; +/- 81,998 SF available with divisible space.
    (949) 724-5509
    We can help!
    Listing Contact
    Ian DeVries
    Ian DeVries
    Real Estate License ID: 01019686
    Learn More
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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
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