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    Operational Dispensary Riverside, CA 92507

    Sponsored
    For Sale
    $2,495,000

    Profitable dispensary, high-traffic location.

    Property size:
    5,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a thriving, established dispensary for sale in Riverside County, CA. The property boasts a total of 5,400 square feet of retail space, strategically divided between two buildings. Building 1, encompassing 1,500 square feet, serves as employee and managerial space, while Building 2, a substantial 3,900 square feet, houses the retail storefront, vault, and primary dispensary operations. The property benefits from a highly favorable lease agreement with approximately 2.5 years remaining on the initial 5-year term, including options to extend for an additional 10 years at a competitive monthly rate of $8,300 ($1.54 per square foot). Ample parking is provided with over 20 spaces. The location enjoys excellent visibility and high traffic counts, situated near a freeway off-ramp with 165,000 daily vehicles and a busy intersection with 12,000 daily vehicles. Surrounded by complementary retail businesses and residential areas, just outside the city of Riverside (population over 320,000), this dispensary benefits from a strong market presence. Successfully operating for three years, the business projects a gross income of $4,200,000 for 2024, excluding excise and sales tax. Significant revenue growth potential exists through expansion of current delivery services, which currently fulfill only 10 orders daily. This turnkey operation offers immediate profitability and substantial long-term growth prospects.

    Property Features for 0 Operational Dispensary

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,400 SF

    Building Details

    Buildings
    2

    HighLights

    • 1,500 SF building for employee and management space.
    • 3,900 SF building housing retail storefront, vault, and dispensary operations.
    • 5,400 SF total rentable area.
    • Five‑year lease expiring March 2027, with two five‑year renewal options.
    • $8,300 monthly rent ($1.54/SF).
    • High visibility location near CA‑215 freeway off‑ramp (165,000 daily vehicles) and busy intersection (12,000 daily vehicles).
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.3263893
    Latitude
    33.9734553

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    FAQs

    What type of property is this?
    Individual retail property - Profitable dispensary, high-traffic location.
    Where is this individual retail property located?
    The property is located at Operational Dispensary Riverside, CA.
    What is the asking price?
    The asking price for this property is $2,495,000.
    What are key features of this property?
    This property features: 1,500 SF building for employee and management space.; 3,900 SF building housing retail storefront, vault, and dispensary operations.; 5,400 SF total rentable area.
    Request Owner's contact information
    Operational Dispensary Riverside, CA 92507
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    Riverside, CA 92507
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    Realmo Value Estimation

    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.

    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.

    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
    Operational Dispensary Riverside, CA 92507
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