Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    14600 Innovation Dr Riverside, CA 92508
    Back to Search
    Property profile & analytics

    14600 Innovation Dr, Riverside, CA 92508

    View on Map
    • Warehouses
    • 600,000 SF
    • 26.89 lot acres
    For Lease
    $6,185,000
    View Listing →
    Flexible Warehouse and Office Space For Lease
    $6,185,000
    50,000 SF

    Flexible Warehouse and Office Space

    Adaptable warehouse and office solutions with comprehensive amenities and flexible terms.

    14600 Innovation Dr, Riverside, CA 92508
    View Listing
    Property ID
    US09-5049397
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sunrise home product Inc / Big Box & Wholesale Store
    • Turbo Express CA / Warehouse & Storage
    • Whitner Medical Group / Medical Group
    • Healthy Selections Vending / Big Box & Wholesale Store
    • BN Cables / Electronics & Wireless Store

    Property Details for 14600 Innovation Dr

    Year built
    2013
    Construction
    TILT-UP CONCRETE
    Lot size
    26.89 lot acres
    Zone code
    W-2
    Property type
    Warehouses
    APN
    297-230-031
    APU
    297230031

    Description

    This exceptional Class A property, built in 2013, offers 601,246 square feet of versatile space in Riverside, CA. Located at 14600 Innovation Drive, 92508, this single-story building sits on 26.95 acres and provides a range of options, including executive office suites, coworking areas, creative office spaces, warehouse facilities, and distribution centers. The property features a 32-foot ceiling height, 95 dock-high doors, two drive-in doors, and ample parking for 190 vehicles. Units are divisible down to 300 square feet, with a maximum contiguous space of 50,000 square feet. The property is currently fully vacant and zoned W-2. Amenities include 24/7 access, high-speed internet, customized warehouse units, package and mail handling, complimentary beverages, on-site management, CCTV security, dedicated or shared loading docks, and forklift rentals. This prime location offers easy access for shipping and receiving, along with comprehensive amenities such as janitorial services, coffee, and water. The property's robust infrastructure and extensive features make it ideal for a variety of businesses seeking flexible and efficient space. The property boasts a 400-amp power supply.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.281
    Latitude
    33.9038
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $638,646
    $17,085,127
    $34,170,262
    $51,255,389
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      486,000 SF

      15801 Meridian Pkwy

      WAREHOUSE, STORAGE
      15801 Meridian Pkwy, Riverside, CA 92518-3002
      View Details
    • Value Estimation
      $2,430,000
      14,807 SF

      14000 Meridian Pkwy

      WAREHOUSE, STORAGE
      14000 Meridian Pkwy, Riverside, CA 92518-3031
      View Details
    • Value Estimation
      $1,545,000
      9,420 SF

      14120 Meridian Pkwy

      WAREHOUSE, STORAGE
      14120 Meridian Pkwy, Riverside, CA 92518-3043
      View Details
    • Value Estimation
      $17,015,000
      119,320 SF

      21803 Authority Way

      WAREHOUSE, STORAGE
      21803 Authority Way, Riverside, CA 92518-3030
      View Details
    • Value Estimation by Request
      481,636 SF

      15750 Meridian Pkwy

      WAREHOUSE, STORAGE
      15750 Meridian Pkwy, Riverside, CA 92518-3001
      View Details
    • Value Estimation
      $1,315,000
      7,862 SF

      14130 Meridian Pkwy

      WAREHOUSE, STORAGE
      14130 Meridian Pkwy, Riverside, CA 92518-3043
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,520 SF

      Free Standing Industrial Building

      Industrial building with office space and convenient freeway access.
      21870 Van Burren Blvd, Riverside, CA 92518
      View Details
    • $3,660,525

      Warehouse and Office For Sale

      Warehouse with office build-out and restroom, excellent freeway access.
      14080 Meridian Pkwy, Riverside, CA 92518
      View Details
    • Contact for pricing

      Riverside Warehouse Opportunity

      Warehouse property for sale in Riverside, California.
      21201 Krameria Ave, Riverside, CA 92518
      View Details
    • Contact for pricing

      Riverside Warehouse For Sale

      Warehouse property available in Riverside, California.
      14089 Meridian Pkwy, Riverside, CA 92518
      View Details
    • Contact for pricing
      17,250 SF

      Falcon Business Park Freestanding Building

      Freestanding building with mezzanine, office, lab, and loading area.
      14538 Meridian Pkwy, March Air Reserve Base, CA 92518
      View Details
    • Contact for pricing
      21,907 SF

      Industrial Building Near Freeways

      21,907 SF industrial building with freeway access.
      14078 Meridian Pkwy, Riverside, CA 92518
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      262,260 SF

      Riverside Warehouse with Large Site

      262,260 SF warehouse on 13.58 acres for lease.
      21822 Opportunity Pkwy, Riverside, CA 92518
      View Details
    • Contact for pricing
      89,495 SF

      Riverside Warehouse with Extensive Features

      89,495 SF warehouse with offices and multiple loading docks.
      21800 Opportunity Way, Riverside, CA 92518
      View Details
    • Contact for pricing
      4,374 SF

      Riverside Warehouse with Office Space

      4,374 SF warehouse with office space for lease.
      14467 Meridian Pkwy, Riverside, CA 92518
      View Details
    • Contact for pricing

      Warehouse Space Available For Lease

      7,862 SF warehouse space available for lease.
      14130 Meridian Pkwy, Riverside, CA 92518
      View Details
    • Contact for pricing

      Industrial Space for Lease

      Industrial property available for lease in Riverside, California.
      14080 Meridian Pkwy, Riverside, CA 92518
      View Details
    View Listing
    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.
    14600 Innovation Dr
    Riverside, CA 92508
    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
    14600 Innovation Dr, Riverside, CA, 92508
    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!