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1220 Palmyrita Ave Riverside, CA 92507-1705

OFF-MARKET Manufacturing properties Google Maps
22,230 SF 3.29 ac lot Built 1989
Entity Owned Absentee Owner ~ Est. High Equity
Estimated value
No estimation on file for this property yet.
Property ID US09-0751213

Property summary

AI-generated overview

The Iowa Corporate Center, located at 1220 Palmyrita Ave, Riverside, CA 92507, presents a unique opportunity for businesses seeking flexible office and warehouse space. This single-story, 137,838 square foot building, built in 1987 and renovated in 1989, is currently fully vacant and available for lease. The property boasts a multi-tenant configuration, offering spaces ranging from a minimum of 876 square feet to a maximum contiguous space of 124,458 square feet, catering to a variety of business needs. High ceilings, ranging from 14 to 16 feet, provide ample vertical space, while 15 dock-high doors ensure efficient loading and unloading. Ample parking is available with 379 spaces. The property is zoned BMP and situated in Riverside County. This versatile property is ideal for companies requiring both office and warehouse functionality, offering a blend of executive office space and industrial capabilities. Its location in Riverside, California provides easy access to major transportation routes and a thriving business community. The property's size and flexible layout make it suitable for a wide range of businesses, from small startups to larger enterprises. Contact us today to learn more about leasing opportunities at this prime Riverside location.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1989
Construction TILT-UP CONCRETE
Total area 22,230 SF
Lot 3.29 ac (143,312 SF)
Zoning code R1
APN 249-060-020
UPID US09-0751213

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Social Service Agency Charitable Organization

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history

since 2026
Last sale
$16.8M
6 recorded transactions
2026
$20.0M
2022
$16.8M
1999
Price N/A
1998
Price N/A
1998
$1.7M
1990
$4.2M

Zoning & alternative use

R1 · Riverside, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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