Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4334 Central Ave Riverside, CA 92506-2918

    • Medical Office Space
    • 6,958 SF
    • 0.49 lot acres
    OFF-MARKET
    Last Sale
    Oct 05, 2021
    $2,000,000
    Value Estimations
    $1,610,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0084163
    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

    • Health Care Imaging Center: Frederick Harold M MD / Physician
    • Berner Mitchell A MD / Physician / Medical Clinic
    • riverside advanced imaging / Medical Clinic
    • Imigining xrSys / Medical Clinic

    Property Details for 4334 Central Ave

    Year built
    1976
    Construction
    WOOD
    Lot size
    0.49 lot acres
    Property size
    6,958 SF
    Zone code
    R1
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    225-201-056
    APU
    225201056

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,155,000
      ML approach
      $1,485,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,025,000
      6.5%
      $1,870,000
      7%
      $1,735,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,155,000
      Market price range: $1.16M - $2.67M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $2,030,000
      Current use
      WAREHOUSE, STORAGE
      $1,945,000
      Change: -4% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,695,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.399
    Latitude
    33.9531
    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
    $9,833
    $395,352
    $487,796
    $883,148
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      3722 Tibbetts St

      MEDICAL BUILDING
      3722 Tibbetts St, Riverside, CA 92506-2605
      View Details
    • Value Estimation by Request
      0.74 Acres

      6117 Brockton Ave Ste, Unit 207

      MEDICAL BUILDING • 0.74 Acres
      6117 Brockton Ave Ste, Riverside, CA 92506-2207
      View Details
    • Value Estimation
      $1,970,000
      9,695 SF

      6939 Palm Ct

      MEDICAL BUILDING • 9,695 SF
      6939 Palm Ct, Riverside, CA 92506-2815
      View Details
    • Value Estimation
      $24,075,000
      129,739 SF

      3660 Arlington Ave

      MEDICAL BUILDING • 129,739 SF
      3660 Arlington Ave, Riverside, CA 92506-3912
      View Details
    • Value Estimation
      $670,000
      5,208 SF

      6942 Brockton Ave

      MEDICAL BUILDING • 5,208 SF
      6942 Brockton Ave, Riverside, CA 92506-3802
      View Details
    • Value Estimation
      $1,170,000
      9,440 SF

      6850 Brockton Ave

      MEDICAL BUILDING • 9,440 SF
      6850 Brockton Ave, Riverside, CA 92506-3808
      View Details

    Similar Nearby for Sale

    • $975,000
      2,132 SF

      Charming Dental Building For Sale

      Dental building available at close, used for 53 years.
      6919 Magnolia Ave, Riverside, CA 92506
      View Details
    • Contact for pricing
      16,224 SF

      Freeway-Visible Medical Office Building

      Three-story medical office building in Riverside's Indiana Transportation Corridor.
      7065 Indiana Ave, Riverside, CA 92506
      View Details
    • $2,200,000
      10,900 SF

      Free Standing Office Building

      Free standing office building suitable for various uses.
      6785 Palm Ave, Riverside, CA 92506
      View Details
    • Contact for pricing
      3,800 SF

      Riverside Office Space - Prime Location

      Move-in ready office, great price, central Riverside.
      3714 Dr Unit C, Riverside, CA 92506
      View Details
    • $2,750,000
      7,036 SF

      Riverside Office Building For Sale

      Fully occupied 8-unit office building on Central Avenue.
      3333 Central Ave, Riverside, CA 92506
      View Details
    • $23,000,000
      111,382 SF

      Riverside Central Plaza: Office Portfolio

      Prime Riverside Office, Retail Investment
      3590 Central Ave, Riverside, CA 92506
      View Details

    Similar Nearby for Lease

    • $2.00 SF/Yr
      13,646 SF

      Riverside Medical Building Office Space

      Modern office suites in Riverside's Magnolia Center district.
      6900 Brockton Ave, Riverside, CA 92506
      View Details
    • $1.95 SF/Yr

      Riverside Medical Office Space

      Move-in ready orthodontics office in downtown Riverside.
      3731 Tibbetts St, Riverside, CA 92506
      View Details
    • $18 SF/Yr
      4,878 SF

      Riverside Office Space for Lease

      Prime Riverside location, multiple tenants.
      3711 Arlington Ave, Riverside, CA 92506
      View Details
    • $2 SF/Yr
      120 SF

      Executive Office Space For Rent

      Executive office space available for rent.
      3610 Central Ave, Riverside, CA 92506
      View Details
    • Contact for pricing
      2,500 SF

      Riverside Office Space Available

      Second floor office suite available for rent in Riverside.
      5750 Division St, Riverside, CA 92506
      View Details
    • Contact for pricing

      Magnolia Avenue Retail Center

      Fully leased retail center on Magnolia Avenue.
      6681 Magnolia Ave, Riverside, CA 92506
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4334 Central Ave
    Riverside, CA 92506-2918
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!