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    8032 Limonite Ave Jurupa Valley, CA 92509
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    8032 Limonite Ave, Jurupa Valley, CA 92509

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    • Retail properties & Spaces
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    Cap Rate Potential
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    • Retail properties & Spaces

    Property Details for 8032 Limonite Ave

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    Jurupa Valley Spectrum offers exceptional retail and restaurant opportunities in a thriving Riverside County location. This ±124,817 square foot shopping center boasts high daily traffic counts (over 37,000 vehicles) on Limonite Avenue, with four nearby signalized intersections providing excellent access. Leasing options include a ±1,252 square foot second-generation restaurant end cap, two vanilla shell spaces ( ±1,211 SF and ±1,619 SF) ideal for retail or service businesses, and a substantial ±31,000 square foot anchor space. The center enjoys strong co-tenancy with national brands such as Big 5, Starbucks, AT&T, and Walgreens, along with a US Post Office, Davita, and the recently leased Crunch Fitness (occupying approximately half the former cinema building). Ample parking (approximately 11,100 spaces) ensures convenient access for both tenants and customers. The property also presents potential for future expansion due to available excess parking areas. This prime location between Eastvale and Riverside offers a unique chance to establish or expand your business in a high-traffic, well-established shopping center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jurupa Valley
    County
    Riverside
    State
    California
    Longitude
    -117.46
    Latitude
    33.9765

    Comparable in this City

    • Value Estimation by Request
      0.89 Acres

      8677 Limonite Ave

      BAKERY
      8677 Limonite Ave, Riverside, CA 92509-5116
      View Details
    • Value Estimation by Request
      117,300 SF

      Van Buren Blvd & Rutile St

      Individual retail properties
      0 Van Buren Blvd & Rutile St, Riverside, CA 92509
      View Details
    • Value Estimation by Request
      78,825 SF

      8844 Limonite Ave

      Lifestyle centers
      8844 Limonite Ave, Jurupa Valley, CA 92509
      View Details
    • Value Estimation by Request
      8,265 SF

      7700-8300 Limonite Ave

      Office Spaces
      7700-8300 Limonite Ave, Jurupa Valley, CA 92509
      View Details
    • Value Estimation
      $2,425,000
      651 SF

      8919 Limonite Ave

      RESTAURANT
      8919 Limonite Ave, Riverside, CA 92509-5022
      View Details
    • Value Estimation by Request
      2,325 SF

      4152 Pyrite St

      DRIVE-THRU RESTAURANT, FAST FOOD
      4152 Pyrite St, Riverside, CA 92509
      View Details

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      Jurupa Valley Spectrum Retail Space

      Retail spaces and drive-thru pad available in Jurupa Valley.
      8032 Limonite Ave, Jurupa Valley, CA 92509
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      Grocery-Anchored Retail Space For Rent

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      Entertainment Center Retail Space Available

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      View Details
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    Jurupa Valley, CA 92509
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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.

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    8032 Limonite Ave, Jurupa Valley, CA, 92509
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