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Property profile & analytics
FOR LEASE
Warehouses

1492 Palmyrita Ave Riverside, CA 92507

11,200 SF 2.81 ac lot Built 1973
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-1369299
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1973
Construction TILT-UP CONCRETE
Total area 11,200 SF
Lot 2.81 ac (122,403 SF)
Zoning code R1
APN 249-040-001
UPID US09-1369299
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.54M
Blend (final) Blend
$5.55M
Owner & transaction history
Sfg Isf Riverside Palmyrita LLC · 4 yrs held
Sfg Isf Riverside Palmyrita LLC
since 2021
Last sale
$5.7M
3 recorded transactions
2021
$5.7M
2012
Price N/A
1969
Price N/A
Zoning & alternative use
R1 · Riverside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $5.3M +46.2%
Auto repair, garage $5.0M +36.6%
Apartment house (5+ units) $4.0M +10.8%
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