You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
New search
Property profile & analytics
OFF-MARKET Estimated value $775,000
Office buildings

1935 Chicago Ave Ste B Riverside, CA 92507-2368

2,980 SF 0.07 ac lot Built 2006
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US09-3394704
Property summary
AI-generated overview

This exceptional 2,983 square foot executive office condominium is situated in the desirable Hunter Park area of Riverside, California, at 1935 Chicago Avenue within the Chicago Gateway campus. Built in 2006, this single-story building offers a highly improved and functional floor plan, perfect for owner-users seeking a prominent presence in a thriving market. The property boasts excellent visibility on Chicago Avenue, within a beautifully landscaped, 160,000 square foot master-planned campus. With easy access to the 60, 91, and 215 freeways and proximity to the University of California, Riverside, and downtown Riverside, this location offers unparalleled convenience. The property includes ample parking (4 spaces per 1,000 sq ft), providing convenient access for employees and visitors. The asking price is $835,240, representing a price per square foot of $280, significantly below replacement cost. This presents a unique opportunity for substantial after-tax savings compared to leasing. The property's high-quality interior improvements and flexible floor plan allow for easy customization to meet specific business needs. The strong location within the Inland Empire, a region with a robust economy and a population of 4.6 million, further enhances the investment potential. Excellent signage opportunities are available to increase visibility and brand recognition. The property's APN is 210-081-012. This is a rare chance to acquire a highly desirable office space in a prime Riverside location.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2006
Construction TILT-UP CONCRETE
Total area 2,980 SF
Lot 0.07 ac (2,910 SF)
Zoning code M1
APN 210-081-012
UPID US09-3394704
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
Current use
Occupant on record · Public records
  • TRC Corporate Office
  • Optima Home Health Services Home Health Care Service
  • Sacred Heart Hospice Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$790k
CAP Approach CAP
$925k
Comparable Approach Comparable
$701k
Blend (final) Blend
$775k
Owner & transaction history
Neighborhood Partnership Hsng Svcs · 1 yrs held
Neighborhood Partnership Hsng Svcs
since 2025
Last sale
$835,000
5 recorded transactions
2025
$835,000
2018
Price N/A
2015
$17.2M
2014
Price N/A
2009
Price N/A
Zoning & alternative use
M1 · Riverside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage $965,000 +62.3%
Medical building $870,000 +46.1%
Retail stores $700,000 +17.5%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1935 Chicago Ave Ste B?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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