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    3610 Central Ave Riverside, CA 92506
    Property profile & analytics

    3610 Central Ave, Riverside, CA 92506

    View on Map
    • Office buildings
    • 8,400 SF
    • 4.06 lot acres
    For Lease
    $1,765,000
    View Listing →
    Executive Office Space For Rent For Lease
    $1,765,000

    Executive Office Space For Rent

    Executive office space available for rent.

    3610 Central Ave, Riverside, CA
    View Listing
    Property ID
    US09-5089524
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Appliance Repair Riverside / Home Appliance Store
    • Healing Hearts Marriage and Family Therapy / Family Counselor
    • Matt Driving School / Training Center / Vocational School
    • Choice Pro Insurance Marketing / Insurance Agency
    • University of Redlands Riverside Campus / Private University / College

    Property Details for 3610 Central Ave

    Year built
    1969
    Construction
    TILT-UP CONCRETE
    Lot size
    4.06 lot acres
    Property type
    Office buildings
    APN
    225-242-052
    APU
    225242052

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,449,000
      Market price range: $301k - $1.45M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,980,000
      Current use
      MEDICAL BUILDING
      $2,450,000
      Change: +24% Conversion: Easy
      WAREHOUSE, STORAGE
      $2,350,000
      Change: +18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.392
    Latitude
    33.9525
    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
    $100,875
    $3,190,155
    $5,944,413
    $9,134,568
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.54 Acres

      6349 Riverside Ave

      OFFICE BUILDING
      6349 Riverside Ave, Riverside, CA 92506-3163
      View Details
    • Value Estimation by Request
      0.98 Acres

      6820 Indiana Ave

      OFFICE BUILDING
      6820 Indiana Ave, Riverside, CA 92506-7202
      View Details
    • Value Estimation by Request
      0.22 Acres

      6823 Magnolia Ave

      OFFICE BUILDING
      6823 Magnolia Ave, Riverside, CA 92506-2800
      View Details
    • Value Estimation by Request

      3740 Elizabeth St

      OFFICE BUILDING
      3740 Elizabeth St, Riverside, CA 92506-2507
      View Details
    • Value Estimation by Request
      1.53 Acres

      3576 Arlington Ave Ste, Unit 106

      OFFICE BUILDING
      3576 Arlington Ave Ste, Riverside, CA 92506-3907
      View Details
    • Value Estimation by Request

      3400 Central Ave Ste, Unit 145

      OFFICE BUILDING
      3400 Central Ave Ste, Riverside, CA 92506-2161
      View Details

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      Free Standing Office Building

      Free standing office building suitable for various uses.
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      111,382 SF

      Riverside Commercial Hub For Sale

      Located in Riverside's Magnolia Center neighborhood, near major amenities.
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      1,200 SF

      Magnolia Avenue Retail/Office Opportunity

      Retail or office space with high visibility and great access.
      6682 Magnolia Ave, Riverside, CA 92506
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    Similar Nearby for Lease

    • Contact for pricing

      Leased Office Building in Riverside

      Fully leased office building in Riverside, CA. No current availability.
      3579 Arlington Ave, Riverside, CA 92506
      View Details
    • Contact for pricing

      Riverside Office Building - Fully Leased

      Office building in Riverside, CA, currently 100% leased.
      4010 Merrill Ave, Riverside, CA 92506
      View Details
    • $1.85 SF/Yr
      10,887 SF

      Two-Story Office Building For Rent

      25,720 SF office building with freeway visibility and access.
      6529 Riverside Ave, Riverside, CA 92506
      View Details
    • Contact for pricing
      1,352 SF

      Office Space For Lease

      Office space for lease with on-site parking.
      SW Of Arlington Ave And Indiana Ave, Riverside, CA 92506
      View Details
    • $1.95 SF/Yr
      19,776 SF

      Riverside Office Space For Rent

      Office space with onsite management, security, and freeway access.
      6370 Magnolia Ave, Riverside, CA 92506
      View Details
    • $2 SF/Yr

      Riverside Medical Building Office Space

      Modern office suites in Riverside's Magnolia Center district.
      6900 Brockton Ave, Riverside, CA 92506
      View Details
    View Listing
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    Riverside, CA 92506
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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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