Property profile

21870 Van Buren Blvd Riverside, CA 92518

FOR SALE
Manufacturing properties
Property ID
US09-3496444
12,520 SF Built 2020
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 12,520-square-foot freestanding warehouse, built in 2020, is available for lease in the desirable March Air Reserve Base area of Riverside County, California. The property boasts a single-tenant occupancy, offering complete control and flexibility for the lessee. The warehouse features a generous 12-foot ceiling height, providing ample vertical space for storage and operations. With 54 parking spaces available, accommodating employees and visitors is effortless. The building is equipped with robust power capabilities, featuring 400 AMPS of 277/480 power, ensuring sufficient energy for even the most demanding industrial applications. Located at 21870 Van Buren Boulevard, 92518, this property offers easy access to major transportation routes, making logistics and distribution seamless. The building's modern construction and ample amenities make it an ideal space for a variety of industrial businesses seeking a functional and efficient workspace in a prime Riverside County location. The entire 12,520 square feet is currently vacant, ready for immediate occupancy. This is a rare opportunity to secure a high-quality, modern warehouse in a strategic location.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 2020
Construction TILT-UP CONCRETE
Total area 12,520 SF
APN 294-701-016
UPID US09-3496444

Cap rate & NOI

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

Location

21870 Van Buren Blvd Riverside, CA 92518
Riverside metro Census 46700 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.90M
CAP Approach CAP
$2.47M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.88M

Owner & transaction history

since 2022
Last sale
$3.0M
2 recorded transactions
2022
Price N/A
2021
$3.0M

Zoning & alternative use

Top alternative use upside
Retail stores $4.4M +45.8%
Medical building $3.7M +19.8%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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