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Property profile & analytics
OFF-MARKET
Office buildings

2030 Iowa Ave Riverside, CA 92507-7415

18,816 SF 0.53 ac lot Built 1989
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-1627091
Property summary
AI-generated overview

The Summit Business Center, located at 2030 Iowa Ave in Riverside, CA 92507, offers a unique opportunity to lease creative office space. This Class B property, built in 1989, comprises 26,062 square feet across five individual suites within a single-story building. Currently, 3,627 square feet is available for lease, with two spaces ranging from 3,489 to 3,627 square feet. The building sits on a 0.66-acre lot (note: Lot Size (acres) listed as 28,750 appears to be an error) and features a 4:1,000 parking ratio. The zoning is designated as BMP. The property's features include a reception area, nine private offices, two conference rooms, and three restrooms, along with a large open area, ideal for collaborative work environments. The building's total square footage is 26,062, with a floor area ratio (FAR) of 0.86. The Assessor's Parcel Number (APN) is 249-140-041, located in Riverside County. This property presents a compelling opportunity for businesses seeking flexible and functional office space in a convenient Riverside location. The property is zoned BMP.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1989
Construction TILT-UP CONCRETE
Total area 18,816 SF
Lot 0.53 ac (23,086 SF)
Zoning code MP
APN 249-140-041
UPID US09-1627091
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
  • iHeartMedia, Inc. - 99.1 KGGI Radio Station Telecommunications Service
  • Toad Radio Station Telecommunications Service
  • Klyy Radio Station Telecommunications Service
  • Fox Sports Radio 1350 Am Radio Station Telecommunications Service
  • ED Men's Consulting Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Dunbar Summit LLC · 1 yrs held
Dunbar Summit LLC
since 2024
Last sale
$19.0M
7 recorded transactions
2024
$19.0M
2019
Price N/A
2017
$12.0M
2011
$6.5M
2010
$9.5M
2007
Price N/A
2006
Price N/A
Zoning & alternative use
MP · Riverside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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