12354 Limonite AveEastvale, CA 91752

Property Details for 12354 Limonite Ave

Year built

2013

Construction

TILT-UP CONCRETE

Lot size

4.41 AC

Property size (Sq ft)

43,375 SF

Property type

Individual retail properties

APN

152-650-024

APU

152650024

Description

This 1,849 square foot retail space is located in Eastvale, within Riverside County's Inland Empire submarket. Situated within an existing 24 Hour Fitness, this single-tenant space was formerly a children's club and is ideally suited for a variety of health, wellness, and fitness-related businesses. Permitted uses include, but are not limited to: physical therapy, sports rehabilitation, chiropractic services, massage therapy, martial arts, cryotherapy, weight loss programs, health screenings, spa services, juice bars, limited food and beverage service, and the sale of related products. Daycare and children's learning centers are also considered, provided they do not include a kitchen or outdoor playground. Other complementary fitness and wellness uses will be considered. The lease includes common area maintenance, property taxes, and utilities (excluding phone, cable, and internet). The property is located at 12354 Limonite Avenue, Eastvale, CA, and is ready for immediate occupancy. This presents a unique opportunity to establish a business within a high-traffic fitness center environment. The space offers excellent visibility and access to a built-in customer base. Interested parties should inquire about lease terms and conditions.

• CAP approach

  CAP return

  Valuation

  6%

  $17,009,376

  6.5%

  $15,700,962

  7%

  $14,579,465

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,976,570

  Geo Method

  $38,472,080

• Alternative Use

  Use

  Valuation

  Residential

  $13,244,349

  Hospitality

  $12,131,753

  Educational

  $10,093,476

  Medical

  $10,440,606

  Retail

  $15,700,962

Location Insight

City

Eastvale

County

Riverside

State

California

Latitude

33.9735

Longitude

-117.553

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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