Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Riverside CA 92503 La Sierra Ave Riverside, CA 92503
    Property profile & analytics

    Riverside CA 92503 La Sierra Ave, Riverside, CA 92503

    View on Map
    • Land
    • 8.17 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for Riverside CA 92503 La Sierra Ave

    Lot size
    8.17 lot acres
    Property type
    Land

    Description

    This exceptional 8.17-acre commercial land parcel presents a unique investment opportunity in Riverside, CA. Situated at the corner of La Sierra Ave and El Sobrante Rd, this property boasts a prime location with high visibility and significant daily traffic counts exceeding 23,000 vehicles. Currently zoned W-2 (controlled development use), the site offers considerable flexibility for various commercial ventures. A previous application for a self-storage facility was underway and received positive feedback from Riverside County. The property is ideally positioned to serve the burgeoning residential communities of Lake Hills Reserve, Lake Mathews, Victoria Grove, and the newly completed Estates at Highland Grove (260+ homes). The lack of comparable commercial development in the immediate vicinity creates a compelling opportunity for a retail shopping center or a self-storage facility, potentially incorporating RV/boat storage. Extensive due diligence materials are available for qualified buyers, reflecting significant progress on entitlements (approximately 50% complete for self-storage). The APN is 270-190-017. This is a rare chance to capitalize on a high-demand location and create a thriving commercial development. Permitted uses, as outlined in supplemental documents, include RV/trailer storage, boat storage, mobile home parks, and recreational parks. The adjacent properties are owned by Riverside County and the Municipal Water District.

    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
    -117.453
    Latitude
    33.8588

    Comparable in this City

    • Value Estimation by Request
      118.21 Acres

      Van Buren Blvd & Citrus Hts Dr

      Farms
      0 Van Buren Blvd & Citrus Hts Dr, Riverside, CA 92503
      View Details
    • Value Estimation by Request

      16345 Cool Breeze Ct

      COMMERCIAL (GENERAL)
      16345 Cool Breeze Ct, Riverside, CA 92503-0501
      View Details
    • Value Estimation by Request
      0.26 Acres

      3664 Van Buren Blvd, Unit 3666

      COMMERCIAL (GENERAL)
      3664 Van Buren Blvd, Riverside, CA 92503-4288
      View Details
    • Value Estimation by Request
      0.18 Acres

      Riverside, CA 92503

      COMMERCIAL (GENERAL)
      Riverside, CA 92503
      View Details
    • Value Estimation
      $525,000
      3.28 Acres

      Riverside, CA 92503

      COMMERCIAL (GENERAL)
      Riverside, CA 92503
      View Details
    • Value Estimation
      $560,000
      1.71 Acres

      Riverside, CA 92503

      COMMERCIAL (GENERAL)
      Riverside, CA 92503
      View Details

    Similar Nearby for Sale

    • $395,000
      108,900.00 Acres

      Lake Mathews Land with Views

      2.5-acre lot with panoramic views and building pad.
      14350 Blackburn Rd, Riverside, CA 92503
      View Details
    • $1,199,000
      27,380.00 Acres

      Riverside Development Opportunity: Two Parcels

      Two adjacent properties with development potential in Riverside, California.
      9460 Garfield St, Riverside, CA 92503
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Commercial Land For Lease

      0.66 acre lot in high-traffic Riverside location.
      9471 Magnolia Ave, Riverside, CA 92503
      View Details
    • Contact for pricing
      62,726 SF

      Riverside County Acreage for Lease

      1.44 acre site with modular office and 100,000 lb scale.
      12801 Magnolia Ave, Riverside, CA 92503
      View Details
    • Contact for pricing

      Riverside Industrial Spaces Available

      Industrial spaces for rent ranging from 5,460 to 11,546 SqFt.
      12155 Magnolia Ave, Riverside, CA 92503
      View Details
    • Contact for pricing

      Riverside Office Spaces Available

      Office spaces for rent in Riverside, ranging from 1,600-7,997 SqFt.
      10020 Indiana Ave, Riverside, CA 92503
      View Details
    • Contact for pricing
      1,928 SF

      Riverside Office Space Available

      Office space featuring private offices, storage, and open area.
      7201 Arlington Ave, Riverside, CA 92503
      View Details
    • Contact for pricing

      Secured Outdoor Storage/Parking Areas

      Two large, secured, outdoor storage or parking areas available.
      3051 Myers St, Riverside, CA 92503
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Riverside CA 92503 La Sierra Ave
    Riverside, CA 92503
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Riverside CA 92503 La Sierra Ave, Riverside, CA, 92503
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!