Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    7119 Indiana Ave Riverside, CA 92504-4543
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7119 Indiana Ave Riverside, CA 92504-4543

    View on Map
    • Office buildings
    • 5,033 SF
    • 0.30 lot acres
    Off-Market
    Property ID
    US09-2245069
    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
    $920,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Provider Contract Food Service / Restaurant / Take-out & Catering
    • The Relationship Warehouse / Marriage Or Relationship Counselor / Counselor
    • Preferred Hospitality Inc. / Corporate Office
    • Hello Blue Photo / Wedding Service / Photography Service

    Property Details for 7119 Indiana Ave

    Year built
    2001
    Construction
    WOOD
    Lot size
    0.30 lot acres
    Property size
    5,033 SF
    Zone code
    R1065
    Property type
    Office buildings
    APN
    230-210-031
    APU
    230210031

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,160,000
      Market price range: $755k - $1.69M
      AI Estimate
      $669,000
      Market price range: $245k - $1.12M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,195,000
      Current use
      MEDICAL BUILDING
      $1,470,000
      Change: +23% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.398
    Latitude
    33.9393
    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
    $12,527
    $369,792
    $762,343
    $1,132,135
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      529 SF

      Flight Rd

      OFFICE BUILDING • 529 SF
      Flight Rd, Riverside, CA 92504
      View Details
    • Value Estimation
      $2,375,000
      9,343 SF

      6865 Airport Dr

      OFFICE BUILDING • 9,343 SF
      6865 Airport Dr, Riverside, CA 92504-1903
      View Details
    • Value Estimation
      $2,000,000
      6,120 SF

      7130 Magnolia Ave

      OFFICE BUILDING • 6,120 SF
      7130 Magnolia Ave, Riverside, CA 92504-3864
      View Details
    • Value Estimation
      $1,695,000
      5,502 SF

      3501 Adams St

      OFFICE BUILDING • 5,502 SF
      3501 Adams St, Riverside, CA 92504-7325
      View Details
    • Value Estimation
      $1,135,000
      8,125 SF

      7724 California Ave

      OFFICE BUILDING • 8,125 SF
      7724 California Ave, Riverside, CA 92504-2509
      View Details
    • Value Estimation
      $710,000
      3,331 SF

      Riverside, CA 92504

      OFFICE BUILDING • 3,331 SF
      Riverside, CA 92504
      View Details

    Similar Nearby for Sale

    • $899,000

      Riverside Commercial Property For Sale

      Freestanding building suited for medical or office use.
      5430 Arlington Ave, Riverside, CA 92504
      View Details
    • $1,995,000
      6,770 SF

      Riverside Office Investment Opportunity

      Two-building portfolio with prime office space in Riverside, California.
      7101 Arlington Ave, Riverside, CA 92504
      View Details
    • $999,999
      2,470 SF

      Riverside Triplex: Turn-Key Investment

      Remodeled triplex near universities with high-end finishes and strong rents.
      6800 Arlington Ave, Riverside, CA 92504
      View Details
    • $419,000
      653,400.00 Acres

      Riverside Land with Prime Views

      15 acres of land with prime views in Riverside.
      Constable Rd, Riverside, CA 92504
      View Details
    • $720,000
      Pending

      Updated Duplex in Riverside, CA

      Updated duplex with income potential in Riverside, California.
      7563 Lincoln Ave, Riverside, CA 92504
      View Details
    • $2,300,000
      6,056 SF

      Five Houses on 1.95 Acres

      Five houses in Riverside with income potential on 1.95 acres.
      17305 Sage Ave, Riverside, CA 92504
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Leased Office Building in Riverside

      100% leased office building located in Riverside, California.
      4130 Adams St, Riverside, CA 92504
      View Details
    • $16 SF/Yr
      205,633 SF

      Adams Business Park: Riverside, CA

      Prime Riverside Office & Warehouse Space
      2900 Adams St, Riverside, CA 92504
      View Details
    • Contact for pricing
      7,575 SF

      Office and Warehouse Space Available

      Two-story office building with warehouse space for rent.
      7265 Jurupa Ave, Riverside, CA 92504
      View Details
    • Contact for pricing

      Executive Suites for Sublease

      Executive suites available for sublease at 2900 Adams St.
      2900 Adams St, Riverside, CA 92504
      View Details
    • Contact for pricing

      Riverside Warehouse and Office Spaces

      Flexible warehouse and office spaces with comprehensive amenities available for rent.
      5950 Wilderness Ave, Riverside, CA 92504
      View Details
    • Contact for pricing

      Riverside Drive-Thru Opportunity

      3,200 SF drive-thru opportunity in Woodcrest trade area.
      16810 Van Buren Blvd, Riverside, CA 92504
      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.
    7119 Indiana Ave
    Riverside, CA 92504-4543
    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!