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Riverfront Office Plaza 4505 Allstate Dr 20,500 SF 100% Leased Office Building Riverside, CA 92501 $4,790,000 ($233.66/SF) 8.67% Cap Rate
INVESTMENT HIGHLIGHTS
- Easy access to building, location significant and tenant diversity
EXECUTIVE SUMMARY
Prime 3-Story Office Building | 100% Occupied | 8%+ Cap Rate | Near Downtown Riverside
FOR SALE: A rare investment opportunity just 5 minutes from Downtown Riverside, CA! This well-maintained 3-story office commercial building offers 100% occupancy with long-term tenants in place, delivering a strong CAP rate of over 8% — ideal for investors seeking immediate cash flow and stability.
Located just off Freeways 91 and 215, the property provides excellent accessibility and high visibility, making it attractive to professional tenants and future growth potential.
Whether you're expanding your portfolio or entering the Riverside commercial market, this turnkey investment offers both income and upside potential.
FOR SALE: A rare investment opportunity just 5 minutes from Downtown Riverside, CA! This well-maintained 3-story office commercial building offers 100% occupancy with long-term tenants in place, delivering a strong CAP rate of over 8% — ideal for investors seeking immediate cash flow and stability.
Located just off Freeways 91 and 215, the property provides excellent accessibility and high visibility, making it attractive to professional tenants and future growth potential.
Whether you're expanding your portfolio or entering the Riverside commercial market, this turnkey investment offers both income and upside potential.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$528,000
|
$25.76
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$528,000
|
$25.76
|
| Taxes |
$28,123
|
$1.37
|
| Operating Expenses |
$66,313
|
$3.23
|
| Total Expenses |
$94,436
|
$4.61
|
| Net Operating Income |
$433,564
|
$21.15
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $528,000 |
| Annual Per SF | $25.76 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $528,000 |
| Annual Per SF | $25.76 |
| Taxes | |
|---|---|
| Annual | $28,123 |
| Annual Per SF | $1.37 |
| Operating Expenses | |
|---|---|
| Annual | $66,313 |
| Annual Per SF | $3.23 |
| Total Expenses | |
|---|---|
| Annual | $94,436 |
| Annual Per SF | $4.61 |
| Net Operating Income | |
|---|---|
| Annual | $433,564 |
| Annual Per SF | $21.15 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
20,500 SF
Building Class
B
Year Built
1989
Price
$4,790,000
Price Per SF
$233.66
Cap Rate
8.67%
NOI
$415,293
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
6,833 SF
Slab To Slab
12’
Building FAR
0.63
Lot Size
0.75 AC
Zoning
C2, Riverside - General Office Building
Parking
80 Spaces (4 Spaces per 1,000 SF Leased)
AMENITIES
- Reception
- Central Heating
- Direct Elevator Exposure
- Air Conditioning
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | 207-180-022 | Total Assessment | $2,599,959 (2025) |
| Land Assessment | $689,785 (2025) | Annual Taxes | $28,123 ($1.37/SF) |
| Improvements Assessment | $1,910,174 (2025) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
207-180-022
Land Assessment
$689,785 (2025)
Improvements Assessment
$1,910,174 (2025)
Total Assessment
$2,599,959 (2025)
Annual Taxes
$28,123 ($1.37/SF)
Tax Year
2023
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Presented by
Alticore Realty Real Estate Services
Riverfront Office Plaza | 4505 Allstate Dr
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