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Financial
Distress signals
Property profile

1533 Spruce St Riverside, CA 92507

FOR LEASE
Office buildings
Property ID
US10-2963587
24,164 SF 1.13 ac lot Built 1987
Last sale Oct 2019 · $2,690,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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1533 Spruce St, Riverside, CA 92507 For Lease
$3,295,000 16,179 SF available
1533 Spruce St, Riverside, CA 92507
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Property summary

AI-generated overview

Spruce Commons, located at 1533 Spruce Street in Riverside, CA 92507, offers 19,692 square feet of immediately available flex and warehouse space for lease. This multi-tenant property, totaling 24,025 square feet, sits on a 1.13-acre lot and features a three-story building constructed in 1986. Units range from a minimum of 1,123 square feet to a maximum contiguous space of 6,266 square feet, providing flexibility for a variety of business needs. The building includes elevators for convenient…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$32k
Tax billed · 2024
Assessed value$2.88M
Assessed land$528k
Assessed improvement$2.36M
Effective rate1.10%

Value estimate

· Oct 2026
$3.30M
$2.97M – $3.62M
Submarket $/SF estimate$4.08M
NOI build-up
Gross scheduled income$309k
Vacancy & credit loss−$24k
Operating expenses−$85k
NOI · 8,131,918.37% cap applied$199k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$200/SF
ZIP average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$169 – $250

Cap rate analysis

How does the asset earn?
8,131,918.37%
$199k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
MPBP
JurisdictionRIVERSIDE

Location intelligence

Which uses thrive at this corner?
Best fit: Spa & Massage
Demand index
Spa & Massage13.2
Nail Salon11.8
Hair Salon11.5

Location

1533 Spruce St Riverside, CA 92507
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2020 Iowa, Riverside, CA 92507-0520 $19,028,500 Nov 2024 24,012 SF
2002 Iowa, Riverside, CA 92507-0519 $19,028,500 Aug 2024 18,816 SF
2720 Gtwy, Riverside, CA 92507-0921 $2,724,000 Sep 2022 18,539 SF
6296 Riv Crst, Riverside, CA 92507-0742 $6,455,000 Jun 2022 32,610 SF
1040 Iowa, Riverside, CA 92507-9400 $16,750,000 Jan 2022 35,104 SF
588 Technology Ct, Riverside, CA 92507-2182 $6,800,000 Sep 2021 35,776 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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