5053 La Mart DrRiverside, CA 92507

Property Details for 5053 La Mart Dr

Year built

1981

Construction

WOOD

Lot size

0.96 AC

Property size (Sq ft)

9,100 SF

Zone code

RO

Property type

Office buildings

APN

254-123-018

APU

254123018

Description

This exceptional two-story office building, Canyon Crest Financial Center, offers 19,304 square feet of traditional office space at 5053 La Mart Dr, Riverside, CA 92507. Built in 1981, the property boasts 12 individual suites, currently featuring 866 square feet of vacant space. The building provides ample parking with 77 spaces available for tenants and visitors. Suite 206, a particularly attractive option, offers 2 private offices, a reception desk/lobby area, and an open conference area. This suite is available for $1,900 per month on a modified gross lease. The building is conveniently located near the Canyon Crest shopping area, offering easy access to amenities and services. The property is situated in Riverside, California, and is easily accessible via Canyon Crest Cross Street. While there are no elevators, the two-story building offers convenient access to all suites. This is an excellent opportunity for businesses seeking a well-maintained, conveniently located office space in a thriving Riverside community. The property's multiple suite configuration makes it ideal for a variety of business needs, from small startups to established companies. The available parking significantly enhances the convenience and appeal of this property.

• CAP approach

  CAP return

  Valuation

  6%

  $2,501,048

  6.5%

  $2,308,660

  7%

  $2,143,756

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,596,345

  Geo Method

  $3,202,927

• Alternative Use

  Use

  Valuation

  Residential

  $2,862,738

  Hospitality

  $2,622,253

  Educational

  $2,181,684

  Medical

  $2,256,715

  Retail

  $3,393,730

Location Insight

City

Riverside

County

Riverside

State

California

Latitude

33.9581

Longitude

-117.332

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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