$4,500,000
FOR SALEActive4505 Allstate Drive
Riverside CA 92501
22,496
SF
Office
Type
1989
Built
$200/SF
Cost/SF
Listing Agent
Location Analysis
About This Property
***PRICE IMPROVEMENT!!*** Prime 3-Story Office Building | 100% Occupied | 8%+ Cap Rate | Near Downtown Riverside 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.
Property Information
Property Overview
Commercial - Office
Property Type
Active
Status
0.75 acres
Lot Size
22,496 SF
Square Footage
$200.04/SF
Price per SF
8.00%
Cap Rate
$461K
NOI
$28,245.64
Annual Tax
1,989
Year Built
3
Stories
Property Highlights
N/A Property
Prime Location with High Visibility
8% Cap Rate
Location Analysis
Building Details
Zoning & Use
Utilities & Systems
Investment Metrics
8.00%
Cap Rate
$461,237.68
NOI
Similar Commercial Properties
$500K315d
SF N/A•UnimprovedLand0 RUBIDOUX BoulevardRiverside, CAINFINITY REALTY SALES CO | DRE# 01026523$6.0M168d
700 SF•Industrial2532 RubidouxJurupa Valley, CAMGR REAL ESTATE, INC. | DRE# 02060631$4.0M262d
SF N/A•UnimprovedLand1880 Brown AveRiverside, CAKW Commercial Inland Empire | DRE# 01836872$5.8M161d
16,700 SF•Industrial2700 Security AvenueColton, CACERTIFIED PROPERTIES | DRE# 00400334$499K142d
1,345 SF•CommercialSale451 Iowa AvenueRiverside, CACompass | DRE# 02050515$2.0M
4,045 SF•Retail405 Iowa AvenueRiverside, CAKeller Williams San Diego Metro | DRE# 02004022$220K134d
988 SF•MixedUse257 Highland Ave.Riverside, CARealty Masters & Associates | DRE# 02043630$1.1M41d
42,253 SF•MixedUse6128 MissionRiverside, CAPinnacle Real Estate Group | DRE# 02152426$1.3M137d
3,828 SF•MixedUse11385 Cedar AvenueBloomington, CAeXp Realty of Southern California Inc | DRE# 01822677$750K569d
SF N/A•UnimprovedLand3607 Valley WayJurupa Valley, CAWE SELL HOMES REALTY | DRE# 01359962$4.5M116d
SF N/A•Land12667 Michigan StreetGrand Terrace, CAAEGIS PROPERTIES INC | DRE# 02062568$3.0M4d
2,616 SF•Industrial11585 BostickColton, CACOLDWELL BANKER REALTY | DRE# 01825843$1.2M150d
21,780 SF•UnimprovedLand6666 IndianaRiverside, CAREALTY ONE GROUP HOMELINK | DRE# 02340634$949K25d
2,251 SF•Office8320 MissionJurupa Valley, CAOZA Realty | DRE# 01204797$1.2M47d
5,325 SF•Industrial1460 MillerColton, CANorth South Realty | DRE# 01748493$1.0M76d
750 SF•MixedUse7895 CypressRiverside, CAEVERGREEN HOMES | DRE# 01025196$850K163d
3,140 SF•Office1377 N La CadenaColton, CAMGR REAL ESTATE, INC. | DRE# 02188974$2.0M8d
6,400 SF•Industrial9346 Galena StreetJurupa Valley, CARicky&Jessie Realty | DRE# 01932116$2.9M355d
4,464 SF•SpecialPurpose9391 CypressFontana, CAKELLER WILLIAMS REALTY | DRE# 02259780$300K104d
3,000 SF•Retail12430 Day St.Moreno Valley, CAROA California Inc | DRE# 02059671$1.5M226d
11,992 SF•Office435 W Orange ShowSan Bernardino, CAM G R REAL ESTATE | DRE# 01488335$1.4M174d
2,099 SF•Retail9096 Citrus AvenueFontana, CARealty Connection Group | DRE# 00930208$499K281d
SF N/A•UnimprovedLand0 Orange ShowSan Bernardino, CACENTURY 21 LOIS LAUER REALTY | DRE# 02077949$3.3M197d
SF N/A•Land0 WashingtonSan Bernardino, CAMGR REAL ESTATE, INC. | DRE# 02060631$1.4M423d
SF N/A•UnimprovedLand776 S. Lugo Ave.San Bernardino, CAKW Commercial Inland Empire | DRE# 01836872
Recent commercial sales in Riverside
Sold $675,000SOLD3,340 SF•Industrial6275 Columbus AvenueSold Oct 2026RE/MAX HORIZON | DRE #01257423Buyer's agent: THOMAS HARNESS, RE/MAX HORIZON | DRE #01257423
Sold $1,400,000SOLD5,000 SF•Mixed Use10611 Magnolia AvenueSold Sep 2026WESTCOE REALTORS INC | DRE #01452283Buyer's agent: John Germing, Meridian Capital Real Estate | DRE #01266270
Sold $540,000SOLD924 SF•Mixed Use9426 Indiana AvenueSold Sep 2026EMPIRE RE PROPERTIES | DRE #01394331Buyer's agent: Manuel Tario, Cal One Realty Corp. | DRE #01996974
Sold $970,000SOLD7,100 SF•Multi Family•6 units3848 LOCUSTSold Aug 2026CENTURY 21 Affiliated | DRE #01098754Buyer's agent: Prashant Sampat, Pacific Avenue Realty | DRE #01916221
Sold $990,000SOLD10,500 SF•Multi Family•8 units413 GLEN StreetSold Jun 2026CENTURY 21 Affiliated | DRE #01098754Buyer's agent: Veronica Navarro, Veronica Navarro, Broker | DRE #01273942
Sold $870,000SOLD3,060 SF•Retail3912 Merrill AvenueSold Jun 2026Cranbrook Realty Corp. | DRE #00997117Buyer's agent: General NONMEMBER, NONMEMBER MRML | DRE #01920658
Closed commercial sales reported, newest first.
CRMLS
MLS# IV26074452
Listed:
Nalren refreshed:
Last updated
© 2026 California Regional Multiple Listing Service, Inc. Based on information from the California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.
IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.
Listed by: ALTICORE REALTY
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
Licensed in the state of California
Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.