Property profile

2115 University Ave Riverside, CA 92507

OFF-MARKET
Turn key restaurants
Property ID
US10-1761812
1,428 SF 0.41 ac lot Built 1982
Individually Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Commercial property located on a corner lot at the intersection of University Ave and Kansas Ave, consisting of two detached buildings totaling 3,412 square feet on a 0.41-acre site. The site includes 28 parking spaces and features customer-facing visibility from both streets. One building is configured for restaurant use and includes a 19 by 33 foot covered patio area with additional open seating; a bus stop station is adjacent to the restaurant area. The second building is configured for laundromat use. The property is positioned near the University of California, Riverside, with access to major roadways and nearby freeway routes including the I-91, SR-60, and I-215 corridors.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1982
Construction WOOD
Total area 1,428 SF
Lot 0.41 ac (17,859 SF)
Zoning code C3
APN 211-144-014
UPID US10-1761812

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

2115 University Ave Riverside, CA 92507-4258
Riverside metro Census 30502 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
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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
$140k

Owner & transaction history

since 2023
Last sale
$129,000
7 recorded transactions
2023
Price N/A
2017
Price N/A
2015
Price N/A
2014
Price N/A
2012
Price N/A
1998
$129,000
1997
$182,500

Zoning & alternative use

C3 · Riverside, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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