8990 Garfield StRiverside, CA 92503

Property Details for 8990 Garfield St

Year built

1989

Construction

TILT-UP CONCRETE

Lot size

0.28 AC

Property size (Sq ft)

1,404 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

193-232-048

APU

193232048

Description

This exceptional 1,267 square foot medical office building is situated in Riverside, California, at 8990 Garfield Street, Suite 8, zip code 92503. Located in Riverside County, this two-story building offers a single suite and is conveniently located directly across from Parkview Community Hospital, providing excellent visibility and accessibility. The building features an elevator for easy access to both floors. The property is well-maintained and attractively landscaped. The building is currently available for lease, offering competitive rates of $1.50 per square foot per month. The property type is classified as both office and land, and the tenancy is multiple. This presents a unique opportunity for a medical practice or other commercial entity seeking a well-positioned space in a thriving area. The building's convenient location and competitive lease rates make it an attractive investment. The property is part of a diverse tenant mix, ensuring a vibrant and active environment. This is a single-suite building, offering a cohesive and efficient workspace. The property is easily accessible and offers ample parking.

• CAP approach

  CAP return

  Valuation

  6%

  $385,876

  6.5%

  $356,193

  7%

  $330,751

• Comparable approach

  Method

  Valuation

  Relative Method

  $246,293

  Geo Method

  $494,166

• Alternative Use

  Use

  Valuation

  Residential

  $441,680

  Hospitality

  $404,576

  Educational

  $336,603

  Medical

  $348,179

  Retail

  $523,604

Location Insight

City

Riverside

County

Riverside

State

California

Latitude

33.9285

Longitude

-117.439

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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