5053 La Mart DrRiverside, CA 92507
- Office properties
- 9,100 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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