1595 Spruce StRiverside, CA 92507
- Office properties
- 67,384 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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