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    1020 Palmyrita Ave Riverside, CA 92507

    For Lease
    $15 SF/Yr

    Riverside County Office/Industrial Space for Lease

    Lot size:
    124,458 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    The Iowa Corporate Center, a single-story, multi-tenant business park in Riverside County, offers exceptional office and industrial space for lease. This 124,458 square foot property, built in 1987 and renovated in 1989, boasts a flexible layout suitable for various business needs. The center features two suites, with a minimum divisible space of 4,380 square feet and a maximum contiguous space of 10,941 square feet. Currently, 15,321 square feet is available for lease. The property's zoning is BMP, providing ample opportunity for diverse commercial uses. Ceiling heights range from 14 to 16 feet, offering versatile space for various operations. The property includes 379 parking spaces, ensuring convenient access for employees and clients. The Iowa Corporate Center is situated for excellent freeway access, enhancing its strategic location. The entire center has undergone recent renovations, and the professionally landscaped common areas create a welcoming and attractive environment. This mixed-use business park presents a unique opportunity to secure high-quality space in a well-maintained and conveniently located facility. Contact us today to learn more about leasing opportunities and explore the possibilities this property offers your business.

    Property Features for 1020 Palmyrita Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    124,458 SF
    Total Rate
    160550.82

    Building Details

    Year Built/Renovated
    1987/1989
    Stories
    1

    Unit(s) available at that property

    Space
    1280 palmyrita suite A
    Size
    4,380 SF
    Rate per SF
    $15
    Space
    Suite 106 - 1040 Lowa Ave
    Size
    10,941 SF
    Rate per SF
    $19

    HighLights

    • Office/Industrial property totaling 124,458 square feet.
    • Multiple tenancies available, ranging from 4,380 to 10,941 contiguous square feet.
    • Currently, 15,321 square feet of vacant space is available.
    • Single‑story building constructed in 1987, renovated in 1989, featuring 14'-16' ceiling heights.
    • Ample parking with 379 spaces.
    • Located in Riverside County, zoned BMP, with excellent freeway access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Riverside Day Reporting ... Corporate Office

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Hair Salon Auto Repair Shop Wholesale Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.3385298
    Latitude
    34.004061

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    FAQs

    What type of property is this?
    Distribution property - Riverside County Office/Industrial Space for Lease
    Where is this distribution property located?
    The property is located at 1020 Palmyrita Ave Riverside, CA.
    What is the lease rate?
    The lease rate is $15-$19 SF/Yr.
    What are key features of this property?
    This property features: Office/Industrial property totaling 124,458 square feet.; Multiple tenancies available, ranging from 4,380 to 10,941 contiguous square feet.; Currently, 15,321 square feet of vacant space is available.
    Request Owner's contact information
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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
    1020 Palmyrita Ave Riverside, CA 92507
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