1533 Spruce StRiverside, CA 92507

Property Details for 1533 Spruce St

Year built

1987

Construction

STEEL FRAME

Lot size

1.13 AC

Property size (Sq ft)

24,164 SF

Zone code

MPBP

Property type

Office buildings

APN

249-120-018

APU

249120018

Description

Spruce Commons, located at 1533 Spruce Street in Riverside, CA 92507, offers 19,692 square feet of immediately available flex and warehouse space for lease. This multi-tenant property, totaling 24,025 square feet, sits on a 1.13-acre lot and features a three-story building constructed in 1986. Units range from a minimum of 1,123 square feet to a maximum contiguous space of 6,266 square feet, providing flexibility for a variety of business needs. The building includes elevators for convenient access to all three floors. The property's classification as both office and industrial space makes it ideal for businesses requiring a blend of office and warehouse functionality. Its location in Riverside County offers easy access to major transportation routes, making it a strategic location for distribution and operations. The property is currently vacant, presenting a unique opportunity for a single tenant to occupy a significant portion of the building or for multiple tenants to lease individual units. This versatile space is perfect for companies seeking a blend of office and warehouse space in a convenient Riverside location. Inquire today to learn more about leasing opportunities at Spruce Commons.

• CAP approach

  CAP return

  Valuation

  6%

  $6,262,186

  6.5%

  $5,780,480

  7%

  $5,367,588

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,153,316

  Geo Method

  $8,505,003

• Alternative Use

  Use

  Valuation

  Residential

  $7,167,794

  Hospitality

  $6,565,662

  Educational

  $5,462,553

  Medical

  $5,650,419

  Retail

  $8,497,305

Location Insight

City

Riverside

County

Riverside

State

California

Latitude

33.9907

Longitude

-117.345

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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