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Property profile & analytics
OFF-MARKET Estimated value $1,990,000
Office buildings

23470 Olive Wood Plz Dr Moreno Valley, CA 92553-5264

16,320 SF 0.94 ac lot Built 1982
Trust Owned 6-yr Hold Absentee Owner Free & Clear
Property ID
US09-3350004
Property summary
AI-generated overview

This exceptional Moreno Valley commercial property offers a 1,145 square foot single-tenant office space, ideally situated on the second floor. The unit boasts its own private bathroom, individual A/C unit, and separate utility meter, ensuring efficient and independent operation. The space is available for lease at a rate of $1.45 per square foot, with additional CAM charges of $0.40 per square foot (Modified Gross Lease). This prime location in a thriving business area provides convenient access for clients, with ample parking (63 spaces) and proximity to major freeways (215/60). The building's strategic location offers easy accessibility from Sunnymead and Heacock boulevards, ensuring high visibility and convenient access for your business. The property is situated in Riverside County and is categorized as a special purpose commercial land. This exceptional opportunity presents a well-maintained and functional office space ready for immediate occupancy. The property's features, combined with its strategic location, make it an ideal choice for businesses seeking a productive and accessible workspace. Don't miss this chance to secure this exceptional office space in a high-traffic area.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1982
Construction WOOD
Total area 16,320 SF
Lot 0.94 ac (40,946 SF)
Zoning code R1
APN 292-241-010
UPID US09-3350004
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
  • Cedar Pointe Chiropractic Group Alternative Medicine Practice
  • Pablo Malana & Co Accounting Firm Tax Preparation
  • Paul R. Quaschnick, DC Alternative Medicine Practice
  • Qian Wang Acupuncture Alternative Medicine Practice Acupuncture
  • Blissful Counseling Services Family Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.13M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.59M
Blend (final) Blend
$1.99M
Owner & transaction history
Teran Family Trust · 6 yrs held
Teran Family Trust
since 2020
Last sale
$1.9M
5 recorded transactions
2020
Price N/A
2020
Price N/A
2020
$1.9M
1998
$725,000
1969
Price N/A
Zoning & alternative use
R1 · Moreno Valley, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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