INDUSTRIAL PROPERTY SHOWCASE

77197 Old 215 Frontage Rd – Building 1

Riverside, CA 92507
4,912 SF Flex R&D Building | For Sale – $1,400,000 ($285.02/SF) | 6.90% Cap Rate

Property Overview

77197 Old 215 Frontage Road offers a versatile ±4,912 SF flex building in Riverside’s established business corridor. Built in 2008, the property combines office and research & development capabilities with 20-foot clear ceiling height and mezzanine space. With one grade-level door, ample parking, and a flexible B/OP zoning designation (light industrial, light manufacturing, and business/office park uses), the building accommodates a wide range of light industrial, R&D, and professional applications.

This opportunity is priced at $1.4 million, delivering a competitive 6.90% cap rate in a high-demand submarket. Proximity to the I-215 freeway ensures excellent regional access, while location in a federally designated Opportunity Zone provides added investment incentives.

Investment Highlights

• ±4,912 SF flex/R&D building in Riverside
• Offered at $1,400,000 ($285.02/SF)
• 6.90% Cap Rate
• Built in 2008 with modern systems and finishes
• 20’ clear ceiling height + mezzanine for expanded usability
• 1 grade-level door, flexible access
• Parking ratio: 2.85/1,000 SF
• Zoning: B/OP – Light Industrial, Light Manufacturing
• Located in an Opportunity Zone for potential tax advantages
• Accessible location near I-215 and strong Inland Empire industrial base

Why This Property

With its mix of flex office, R&D, and light industrial potential, 77197 Old 215 Frontage Road is ideally suited for an investor seeking stable returns or an owner-user needing high-image, functional space in Riverside. Its Opportunity Zone status further enhances the long-term upside, making it a strategic acquisition in the Inland Empire.

Property Snapshot

• Sale Type: Investment or Owner User
• Price: $1,400,000 ($285.02/SF)
• Cap Rate: 6.90%
• Rentable Building Area: 4,912 SF
• Lot Size: 0.22 AC
• Property Type: Flex
  Subtype: Flex Research & Development
• Zoning: B/OP – Light Industrial, Light Manufacturing
• Year Built: 2008
• Clear Height: 20’
  Grade-Level Doors: 1
• Parking Ratio: 2.85/1,000 SF
• Opportunity Zone: Yes
• Amenities: Mezzanine

Industrial & Flex Momentum – Riverside

Corporate Users Nearby – Pepsi, Sysco, and Smart & Final continue expansion within Riverside’s industrial parks, driving secondary demand for flex/R&D support space.

Amazon Fresh Logistics Facility (Van Buren Blvd) – Over 100,000 SF recently acquired by institutional buyers, reinforcing Riverside’s strength in last-mile distribution.

NexGen HVAC Headquarters (Van Buren Blvd) – Recently constructed ±9,000 SF building fully occupied; signals ongoing demand for small-to-mid-size owner-user product.

UC Riverside Tech Expansion – Research partnerships spurring R&D and flex space requirements in the Hunter Park and nearby corridors.

Links

Riverside Industrial Market News
Riverside County Economic Development Dept.
Argossy International Properties