1492 Palmyrita Ave Riverside, CA 92507
For Lease
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This exceptional industrial property, located at 1492 Palmyrita Ave, Riverside, CA 92507, presents a significant opportunity. The single-tenant warehouse boasts a substantial 11,760 square feet of space, with 10,026 square feet currently vacant, situated on a generous 2.81-acre lot. Built in 1973, the building features an impressive 18-foot ceiling height, providing ample vertical space for storage or operations. Three loading docks and three dock-high doors ensure efficient loading and unloading of goods. The property also offers convenient parking with a 2:1000 ratio. The warehouse is powered by a 120/208 system and is fully fenced, enhancing security. The property's zoning designation is currently listed as "Fenced". The Assessor's Parcel Number (APN) is 249-040-001, and the property is located in Riverside County, California. This property is perfect for businesses seeking a large, well-equipped warehouse in a convenient Riverside location. The significant vacant space offers immediate occupancy potential for a variety of industrial uses. The ample lot size provides room for expansion or future development. This is a rare opportunity to acquire a substantial industrial property in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R1 · Riverside, CARiverside. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.