4505 Allstate Drive Riverside, CA ^$ 4,790,000

4505 Allstate Drive

^$ 4,790,000

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4505 Allstate Drive

Riverside, CA, 92501

^$ 4,790,000

Bedrooms-- Baths-- Sq 22,496

Monthly Estimate*

^$ 29,883

Listed by ALTICORE REALTY

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Commercial Property for sale in Riverside, CA

for $4,790,000. This 22,496 square foot building was built in 1989 on a lot size of 0.75.

Prime 3-Story Office Building | 100% Occupied | 8%+ Cap Rate | Near Downtown Riverside A rare investment opportunity just 5 minutes from Downtown Riverside, CA! This well-maintained 3-story office commercial building offers 100% occupancy with long-term tenants in place, delivering a strong CAP rate of over 8% — ideal for investors seeking immediate cash flow and stability. Located just off Freeways 91 and 215, the property provides excellent accessibility and high visibility, making it attractive to professional tenants and future growth potential. Whether you're expanding your portfolio or entering the Riverside commercial market, this turnkey investment offers both income and upside potential.

Commercial Active

Price

^$ 4,790,000

Property Type

Commercial

Taxes

^$ 28,245

Style

Lot Size

0.75

Year Built

1989

Town/City

Riverside

County/Region

Riverside

MLS | Web ID

IV25222657

Days on Market

Features

General

Year Built 1989

Property Subtype Office

Business Type Accounting Barber/Beauty Financial Professional/Office Other Real Estate

County Riverside

Net Operating Income 461237.68

Insurance Expense 13556.16

Property Type Commercial Sale

MaintenanceExpense 1754.28

Special Listing Conditions Standard

Status Active

Directions 215 Fwy to Market Exit Make right and on Corner of AllState and

City Riverside

MLS Area 252 - Riverside

Lot Size Units Square Feet

Lot Size Square Feet 32670

Listing Terms Cash Cash to New Loan

Land Lease Y/N 0

Tax Annual Amount 28245.64

Trash Expense 4176.24

Additional Parcels Y/N 0

Building Area Units Square Feet

Standard Status Active

Occupancy Type Tenant

Property Sub Type Additional Office

Cap Rate 8

Interior

Total Stories 3

Laundry Features None

Entry Level 1

Exterior

Lot Features 0-1 Unit/Acre

Water Source Public

Lot Size Area 32670

Building Area Total 22496

Lot Size Acres 0.75

* Excluded Features

List By

Alticore Realty

Broker

BAlvarezRealtor@yahoo.com

Affordability Calculator

$32,237

Per Month

Monthly Principal & Interest: $29,883
Monthly Property Taxes: $2,354
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Riverside, CA

Average List Price ^$1,493,681

Percent of Sale Price 69%

About Riverside, CA

322,488 Population

25% Since 2002

^$60,101 Median Income

32.82 Median Age

35% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/28/2025	$4,790,000		Listed Price

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4505 Allstate Drive, Riverside, CA, 92501 is a Commercial Property for sale at $4,790,000 with 22,496 sqft and a lot size of 0.75. 4505 Allstate Drive was built in 1989. The property's zip code is 92501 which is in Riverside, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/8/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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4505 Allstate Drive

Commercial Property for sale in Riverside, CA

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