23470 Olive Wood Plaza DrMoreno Valley, CA 92553

Property Details for 23470 Olive Wood Plaza Dr

Year built

1982

Construction

WOOD

Lot size

0.94 AC

Property size (Sq ft)

16,320 SF

Zone code

R1

Property type

Office properties

Property subtype

Office buildings

APN

292-241-010

APU

292241010

Description

This exceptional Moreno Valley commercial property offers a 1,145 square foot single-tenant office space, ideally situated on the second floor. The unit boasts its own private bathroom, individual A/C unit, and separate utility meter, ensuring efficient and independent operation. The space is available for lease at a rate of $1.45 per square foot, with additional CAM charges of $0.40 per square foot (Modified Gross Lease). This prime location in a thriving business area provides convenient access for clients, with ample parking (63 spaces) and proximity to major freeways (215/60). The building's strategic location offers easy accessibility from Sunnymead and Heacock boulevards, ensuring high visibility and convenient access for your business. The property is situated in Riverside County and is categorized as a special purpose commercial land. This exceptional opportunity presents a well-maintained and functional office space ready for immediate occupancy. The property's features, combined with its strategic location, make it an ideal choice for businesses seeking a productive and accessible workspace. Don't miss this chance to secure this exceptional office space in a high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $4,485,396

  6.5%

  $4,140,366

  7%

  $3,844,625

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,862,895

  Geo Method

  $5,744,150

• Alternative Use

  Use

  Valuation

  Residential

  $5,134,053

  Hospitality

  $4,702,765

  Educational

  $3,912,646

  Medical

  $4,047,207

  Retail

  $6,086,338

Location Insight

City

Moreno Valley

County

Riverside

State

California

Latitude

33.9405

Longitude

-117.253

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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