5053 La Mart DrRiverside, CA 92507

  • Office properties
  • 9,100 SF
For Lease
$26.40/SF/YR View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
5053 La Mart Dr, Riverside, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$22,613
$653,157
$1,377,336
$2,030,493
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