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    1201 University Dr Riverside, CA 92507

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    1201 University Dr Riverside, CA 92507

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    • Lifestyle centers
    • 182,256 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 1201 University Dr

    Property size
    182,256 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional retail investment opportunity, located at 1201 S University Dr in Riverside, CA 92507, presents a compelling chance to acquire a thriving shopping center. The property, known as University Village, boasts a total building area of 182,256 square feet and offers multiple tenancy options. Currently, there are nine available spaces ranging in size from a minimum of 946 square feet to a maximum contiguous space of 5,183 square feet. A significant 20,849 square feet of vacant space presents a unique opportunity for expansion or lease to new tenants. The property's strategic location in Riverside, California, ensures high visibility and accessibility for businesses. This makes it an ideal investment for those seeking a strong return on investment in a vibrant and growing market. The property's size and flexibility cater to a wide range of retail businesses, offering a diverse tenant mix potential. With its prime location and substantial vacant space, University Village presents a rare opportunity to acquire a well-established retail center with significant upside potential. The property is situated at 33.9655047 latitude and -117.3311242 longitude. Serious inquiries are encouraged to explore this exceptional investment opportunity further.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.331
    Latitude
    33.9655

    Comparable in this City

    • Value Estimation by Request
      62,000 SF

      Seq Ctr St. & California Ave

      Lifestyle centers • 62,000 SF
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    • Value Estimation by Request
      35,660 SF

      3355-3375 Iowa Ave

      Neighborhood centers • 35,660 SF
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    • Value Estimation
      $525,000
      3,952 SF

      3355 Iowa Ave

      SHOPPING CENTER, STRIP CENTER • 3,952 SF
      3355 Iowa Ave, Riverside, CA 92507-9100
      View Details
    • Value Estimation
      $545,000
      2,932 SF

      3900 Chicago Ave

      SHOPPING CENTER, STRIP CENTER • 2,932 SF
      3900 Chicago Ave, Riverside, CA 92507-5347
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    • Value Estimation
      $29,255,000
      96,660 SF

      3001 Iowa Ave

      SHOPPING CENTER, STRIP CENTER • 96,660 SF
      3001 Iowa Ave, Riverside, CA 92507-2812
      View Details
    • Value Estimation by Request
      1,951 SF

      1430 University Ave

      SHOPPING CENTER, STRIP CENTER • 1,951 SF
      1430 University Ave, Riverside, CA 92507
      View Details

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    Similar Nearby for Lease

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      Riverside Commercial Space For Lease

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      Riverside Office/Retail Space Available

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    1201 University Dr
    Riverside, CA 92507
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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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