Property profile

405 Iowa Ave Riverside, CA 92507

FOR SALE
Retail space
Saved · see the list in your Dashboard
Property ID
US09-3006891
4,045 SF 0.34 ac Built 1960
Last sale Jul 2022·$400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

The property at 405 Iowa Ave in Riverside is a freestanding, single-story retail strip center configured with three retail units and designed for retail occupancy. It sits on a 0.34-acre lot and provides 20 surface parking spaces. The property is zoned CP, supporting a range of retail uses, and is located within less than half a mile of I-215 for commuter and traffic access.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$9k
Tax billed · 2024
Assessed value$826k
Assessed land$306k
Assessed improvement$520k
Effective rate1.11%

Value estimate

· Nov 2026
$355k
$320k – $391k
CAP approach$810k
Submarket $/SF estimate$851k
NOI build-up
Gross scheduled income$79k
Vacancy & credit loss−$4k
Operating expenses−$23k
NOI · 2.63% cap applied$53k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$235/SF
ZIP average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$169 – $319
Qualifying comparables8

Cap rate analysis

How does the asset earn?
2.63%
$53k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CP
JurisdictionRIVERSIDE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency13.8
Hair Salon12.3
Law Firm11.5

Location

405 Iowa Ave Riverside, CA 92507
County assessor Recorded deeds · 5 transfers 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1947 University, Riverside, CA 92507-5203 $1,250,000 Dec 2022 4,200 SF
2420 University, Riverside, CA 92507 $1,140,000 Sep 2022 4,279 SF
2130 3rd, Riverside, CA 92507-3339 $785,000 Jun 2022 3,700 SF
2215 3rd, Riverside, CA 92507-3316 $550,000 May 2022 4,320 SF
1521 University, Riverside, CA 92507-4450 $2,350,000 Mar 2022 5,030 SF
3598 Chicago, Riverside, CA 92507-4408 $2,600,000 Dec 2021 3,280 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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