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    2350 Hall Ave Riverside, CA 92509-2228

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    2350 Hall Ave Riverside, CA 92509-2228

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    • Manufacturing properties
    • 13,728 SF
    • 4.41 lot acres
    Off-Market
    Last Sale Jul 24, 2025
    Property ID
    US09-2507423
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,690,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shell Recharge Charging Station / Electric Vehicle Charging Station
    • Penske Truck Rental / Car Rental Facility

    Property Details for 2350 Hall Ave

    Year built
    1992
    Lot size
    4.41 lot acres
    Property size
    13,728 SF
    Zone code
    R106
    Property type
    Manufacturing properties
    APN
    178-112-005
    APU
    178112005

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,930,000
      6.5%
      $2,705,000
      7%
      $2,510,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,288,000
      Market price range: $469k - $3.15M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $4,010,000
      Current use
      MEDICAL BUILDING
      $4,010,000
      Change: -0% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.385
    Latitude
    34.0135
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $32,749
    $876,401
    $2,123,230
    $2,999,631
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $550,000
      124.48 Acres

      3670 Pyrite St

      MANUFACTURING (LIGHT) • 124.48 Acres
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    • Value Estimation
      $590,000
      14.03 Acres

      1800 Rubidoux Blvd

      MANUFACTURING (LIGHT) • 14.03 Acres
      1800 Rubidoux Blvd, Riverside, CA 92509
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      5400 El Rivino Rd

      MANUFACTURING (LIGHT)
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    • Value Estimation by Request
      0.20 Acres

      3803 Campbell St

      MANUFACTURING (LIGHT) • 0.20 Acres
      3803 Campbell St, Riverside, CA 92509-2610
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    • Value Estimation
      $9,225,000
      82,621 SF

      5425 Wilson St

      MANUFACTURING (LIGHT) • 82,621 SF
      5425 Wilson St, Jurupa Valley, CA 92509-2434
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    • Value Estimation
      $1,940,000
      8,000 SF

      1725 Agua Mansa Rd

      MANUFACTURING (LIGHT) • 8,000 SF
      1725 Agua Mansa Rd, Riverside, CA 92509-2401
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      81,500 SF

      Free Standing Manufacturing Building

      81,500 SF manufacturing building with 30' clear height.
      2240 Fleetwood Dr, Riverside, CA 92509
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      28,620 SF

      Industrial Warehouse with Large Yard

      28,620 SF warehouse on 3.83 acres near freeways.
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      Industrial Building Near Freeways

      44,728 SF industrial building with high-end office space.
      6111 20Th St, Jurupa Valley, CA 92509
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    • $1,190,000
      3,700 SF

      Jurupa Valley Commercial Opportunity

      Commercial property with restaurant, warehouse, and office space.
      8178 Mission Blvd, Jurupa Valley, CA 92509
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      23,870 SF

      Jurupa Valley Industrial Building

      23,870 SF industrial building with high-end office space.
      6175 20Th St, Jurupa Valley, CA 92509
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    Similar Nearby for Lease

    • $1.21 SF/Yr
      1,200 SF

      Industrial Space in Riverside

      1,200 SF industrial space with one ground-level door.
      2501 Rubidoux Blvd, Riverside, CA 92509
      View Details
    • $1.20 SF/Yr
      2,502 SF

      Jurupa Valley Warehouse Space Available

      Industrial and warehouse spaces with fenced yards and flexible zoning.
      2948 Rubidoux Blvd, Riverside, CA 92509
      View Details
    • $1.20 SF/Yr
      2,545 SF

      Riverside Office/Flex Space Available

      Office/flex space for lease in Riverside, California.
      2902 Rubidoux Blvd, Riverside, CA 92509
      View Details
    • Contact for pricing
      3,602,478 SF

      Jurupa Valley Industrial Buildings For Lease

      Five industrial buildings totaling 3,602,478 SF available for lease.
      92509 Usa, Jurupa Valley, CA 92509
      View Details
    • Contact for pricing
      81,500 SF

      Jurupa Valley Industrial Development

      81,500 SF industrial development on approximately 9.8 acres.
      2240 Fleetwood Dr, Jurupa Valley, CA 92509
      View Details
    • Contact for pricing
      9,672 SF

      Truck Maintenance Facility with Secured Yard

      9,672 SF truck maintenance facility with secured yard for rent.
      4720 Brookhollow Cir, Riverside, CA 92509
      View Details

    Property Visit Statistics

    • Visits by month
      3.6k
    • Visitors by month
      1.4k
    • Avg Time on site
      28 min
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    2350 Hall Ave
    Riverside, CA 92509-2228
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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