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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4204 Riverwalk Pkwy Riverside, CA 92505

    • Office buildings
    • 100,000 SF
    • 4.49 lot acres
    For Lease
    View listing
    $33 SF/Yr
    Value Estimations
    $220,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2022518
    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.

    Current Use by Public Records

    • Autoland LLC - SchoolsFirst Federal Credit Union / Auto Broker / Car Dealer
    • Keenan & Associates / Insurance Agency
    • New York Life Insurance Company: Carr George / Insurance Agency
    • Sergio Hernandez - New York Life Insurance / Life Insurance Agency
    • SchoolsFirst Federal Credit Union - Riverside Riverwalk / Federal Credit Union / Credit Union

    Property Details for 4204 Riverwalk Pkwy

    Year built
    2008
    Construction
    STEEL FRAME
    Lot size
    4.49 lot acres
    Property size
    100,000 SF
    Zone code
    CR
    Property type
    Office buildings
    APN
    141-260-030
    APU
    141260030

    Description

    The Towers at Riverwalk, a prestigious two-building Class A office complex in Riverside, CA, offers exceptional executive office space. Located at 4204 & 4210 Riverwalk Parkway, 92505, this multi-tenant property boasts a total of 68,027 square feet, with 36,887 square feet currently vacant. Flexible space options are available, ranging from a minimum of 3,524 square feet to a maximum contiguous space of 24,980 square feet. The property features an impressive 4.2:1 parking ratio, ensuring ample parking for tenants and their guests. Its prime location in Riverside, bordering Corona, provides convenient access to major transportation arteries, offering seamless connectivity to Orange County and Los Angeles. The campus-like setting, efficient floor plates, and abundance of nearby amenities, including over 4.8 million square feet of retail within a two-mile radius, create a highly desirable work environment. This exceptional property is situated in a high-image area with close proximity to executive housing, making it an ideal location for businesses seeking a sophisticated and convenient office space in Riverside County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $220,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.496
    Latitude
    33.9024
    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
    $353,295
    $2,733,019
    $25,587,840
    $28,320,859
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $255,000
      2.09 Acres

      11870 Pierce St Ste, Unit 200

      OFFICE BUILDING • 2.09 Acres
      11870 Pierce St Ste, Riverside, CA 92505-5186
      View Details
    • Value Estimation by Request

      4210 Riverwalk Pkwy Ste, Unit 250

      OFFICE BUILDING
      4210 Riverwalk Pkwy Ste, Riverside, CA 92505-3317
      View Details
    • Value Estimation by Request

      4210 Riverwalk Pkwy

      OFFICE BUILDING
      4210 Riverwalk Pkwy, Riverside, CA 92505-3305
      View Details
    • Value Estimation
      $360,000
      4,332 SF

      11810 Pierce St Ste, Unit 100

      OFFICE BUILDING • 4,332 SF
      11810 Pierce St Ste, Riverside, CA 92505-5173
      View Details
    • Value Estimation
      $445,000
      1,820 SF

      4943 La Sierra Ave

      OFFICE BUILDING • 1,820 SF
      4943 La Sierra Ave, Riverside, CA 92505-2611
      View Details
    • Value Estimation
      $55,000
      1,791 SF

      11137 Pierce St

      OFFICE BUILDING • 1,791 SF
      11137 Pierce St, Riverside, CA 92505-2713
      View Details

    Similar Nearby for Sale

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      4,300 SF

      Riverside Executive Office Suite for Lease

      Premium Office Space, Fully Equipped, Prime Location
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      Riverside QSR Center: Prime Location

      Multi-tenant QSR, high occupancy, strong NOI.
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      Industrial Property in Business Park

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      Bushnell Ave, Riverside, CA 92505
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      Land for Sale

      Land available for sale.
      10759 Magnolia Ave, Riverside, CA 92505
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    • $6,000,000

      Large Flat Lot Opportunity

      Massive flat lot suitable for development or investment.
      10702 Cypress Ave, Riverside, CA 92505
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    Similar Nearby for Lease

    • Contact for pricing
      40,361 SF

      Riverside Office Building For Rent

      40,361 sqft office building in Riverside, CA.
      11801 Pierce St | Riverside, Riverside, CA 92505
      View Details
    • $1.85 SF/Yr
      7,693 SF

      Freestanding Office/Retail Building For Rent

      Two-story office/retail building with commercial kitchen and freeway access.
      3630 Park Sierra Dr, Riverside, CA 92505
      View Details
    • Contact for pricing
      96,824 SF

      Office Space at Riverwalk

      Office building with 96,824 square feet of space.
      4204 Riverwalk Pky., Riverside, CA 92505
      View Details
    • $975 /Mo

      Premium Executive Office Space Available

      Fully equipped executive office in prime location for lease.
      4199 Flat Rock Dr, Riverside, CA 92505
      View Details
    • $1.25 SF/Yr
      1,396 SF

      Riverside Office Space For Rent

      Partially finished office suite available for rent in Riverside.
      10683 Magnolia Ave, Riverside, CA 92505
      View Details
    • Contact for pricing
      3,524 SF

      Riverside Office Space Sublease Available

      Sublease office space in excellent condition through July 2028.
      4210 Riverwalk Pkwy, Riverside, CA 92505
      View Details
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    Riverside, CA 92505
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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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