1595 Spruce StRiverside, CA 92507

  • Office properties
  • 67,384 SF
For Lease
$18/SF/YR View listing

Property Details for 1595 Spruce St

Year built
1987
Construction
STEEL FRAME
Lot size
3.41 AC
Property size (Sq ft)
67,384 SF
Zone code
MP
Property type
Office properties
Property subtype
Office buildings
APN
249-120-020
APU
249120020

Description

Spruce Commons, located at 1595 Spruce St in Riverside, CA 92507, offers exceptional flex and warehouse space for lease. This two-story building, situated in Riverside County, boasts a total of 67,076 square feet, with multiple suites available. Currently, 46,365 square feet is vacant, providing significant opportunities for businesses seeking flexible space solutions. The property is ideal for a variety of uses, catering to both office and industrial needs. Units range in size from a minimum of 9,272 square feet to a maximum contiguous space of 33,538 square feet, offering flexibility to accommodate businesses of varying scales. The building's design allows for efficient layout and operations, making it an attractive option for companies requiring both office and warehouse functionality. Its location in Riverside provides easy access to major transportation routes, enhancing logistical efficiency. This prime commercial property presents a rare opportunity to secure high-quality space in a thriving market. The property is classified as both office and industrial, offering a versatile solution for a wide range of businesses. Interested parties are encouraged to inquire about available space and lease terms. The property features a total of two suites within the building. This exceptional location in Riverside, California offers a strategic advantage for businesses seeking a blend of office and warehouse functionality.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $17,462,208
    6.5%
    $16,118,961
    7%
    $14,967,606
  • Comparable approach

    Method
    Valuation
    Relative Method
    $11,581,845
    Geo Method
    $23,717,146
  • Alternative Use

    Use
    Valuation
    Residential
    $19,987,512
    Hospitality
    $18,308,452
    Educational
    $15,232,418
    Medical
    $15,756,284
    Retail
    $23,694,872
1595 Spruce St, Riverside, California

Location Insight

City
Riverside
County
Riverside
State
California
Latitude
33.991
Longitude
-117.346
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
$71,211
$2,358,842
$4,074,367
$6,433,209
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