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Property profile & analytics
FOR LEASE
Manufacturing properties
5950 Wilderness Ave Riverside, CA 92504
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-3425623
For Lease
1 / 5
$7,865,000
5950 Wilderness Ave, Riverside, CA 92504
View Listing →
Property summary
AI-generated overview
This Riverside, CA property at 5950 Wilderness Ave, 92504 offers diverse commercial space options. The 48,706 square foot building, built in 1968, sits on 2.33 acres and is zoned M1, Riverside (APN: 189-080-001). It features a flexible layout suitable for warehouse, flex, traditional office, and coworking uses, with spaces divisible down to 300 square feet. The building boasts a 16-foot ceiling height and one dock-high door, ideal for efficient loading and unloading. Amenities include 24/7 access, high-speed internet, customized warehouse units, package and mail handling, complimentary beverages, on-site management, CCTV security, and dedicated or shared loading docks. Forklift rentals are also available. This versatile property provides a range of solutions for businesses of all sizes, from small startups to established enterprises, seeking short-term or long-term leases. The property's convenient location and comprehensive amenities make it an attractive option for companies seeking a productive and efficient workspace.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1968
Construction
TILT-UP CONCRETE
Total area
48,643 SF
Lot
2.33 ac (101,494 SF)
APN
189-080-001
UPID
US09-3425623
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Puppets a la Carte Theater & Performing Art Venue
-
TBWCreatives Event Planning Wedding Service
-
Fox Fx Lab Cosmetic Store
-
Riverside Code Enforcement City Government Office
-
Premium Herbs Tea Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.38M
Comparable Approach
Comparable
$6.08M
Blend (final)
Blend
$7.87M
Owner & transaction history
Aspire Bridge LLC
Aspire Bridge LLC
since 2025
Last sale
$8.0M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Riverside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverside submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$10,160,000
6.5%
$9,375,000
7%
$8,710,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$9,820,000
Current use
Blend value · Realmo final
$7.87M
Range $7.08M – $8.65M · ±10% · vs last sale $8.00M (Dec 31 2025)
Last sale anchor
$8.00M
Dec 31 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$162 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$109,273
Tax year 2024
Assessed value
$9,945,000
Assessed 2024
Previous assessed
$9,945,000
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$2,450,000
Assessed improvement
$7,495,000
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1968
Construction
TILT-UP CONCRETE
Stories
1
Total area
48,643 SF
Lot
2.33 ac (101,494 SF)
APN
189-080-001
UPID
US09-3425623
Jurisdiction
RIVERSIDE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$9.8M
INDUSTRIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1968
Construction
TILT-UP CONCRETE
Stories
1
Lot
2.33 ac
Current owner
From public records · entity-resolved
Aspire Bridge LLC
Entity
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2025
$8,000,000
Aspire Bridge LLC
5950 Wilderness LLC
Grant Deed
$4,036,000 · First Fidelity Bank
Jul 24, 2023
—
5950 Wilderness LLC
County Of Riverside
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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