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$4,500,000 -$290,000 (-6.05%) Price Reduced

  • For Sale
  • Active
  • Office
  • 22,496 Sq. Ft.
  • 0.75 Acres
  • Updated 1 day ago
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***PRICE IMPROVEMENT!!*** 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.

Full Property Details for 4505 Allstate Dr

General

  • Price: $4,500,000
  • Taxes: $28,245
  • Status: Active
  • Type: Office
  • Source: MRMLS
  • MLS ID: IV26074452
  • Updated: 4/17/2026
  • Days on Market: 11 days
  • Added to Site: 11 day(s) ago

Business

  • Business Type: Real Estate, Financial, Accounting, Other, Professiona

Rooms

Other Rooms

  • Laundry: None

Location

  • County: Riverside
  • Driving Directions: 215 Fwy to Market Exit Make right and on Corner of AllState and

Structural Information

  • Entry Floor Number: 1
  • Stories/Levels: 3
  • Building Size: 22496
  • Square Feet: 22,496
  • Year Built: 1989

Unit Information

  • Occupancy Rate: Occupied

Lot Features

  • Lot Size (Acres): 0.75
  • Useable Acres: .75
  • Lot Size (Sq. Ft.): 32,670
  • Lot Features: 0-1 Unit/Acre
  • Lot Description: 0-1 Unit/Acre

Financial Considerations

  • Price Per Sq. Ft.: $200
  • Tax Amount: $28,245

Disclosures and Reports

  • Investment: Yes
  • Property ID: 207180022

Listed by Alticore Realty, BLANCAALVAREZ

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Listing agent

— 4505 Allstate Dr —

  • BLANCAALVAREZ

    Alticore Realty

818-321-1286

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 4505 Allstate Dr

School District:Riverside Unified School District
NameGradesDistance
Patricia Beatty Elementary School
4261 Latham Street, Riverside, CA 92501
K-60.2 mi
Central Middle School
4795 Magnolia Avenue, Riverside, CA 92506
7-82.3 mi
John W. North High School
1550 3rd Street, Riverside, CA 92507
9-122.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4505 Allstate Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/17/2026
Price Reduced
$4,500,000
-6.05%
MLS
4/07/2026
Listed
$4,790,000
95.51%
MLS
11/23/2021
Sold
$2,450,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Be ready to buy your new home!

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NMLS#: 1598647

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Listed by Alticore Realty, BLANCAALVAREZ

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4505 Allstate Drive, Riverside, CA 92501 (MLS# IV26074452) is a Office property. 4505 Allstate Drive is currently listed for $4,500,000 and was received on April 07, 2026. Want to learn more about 4505 Allstate Drive? Do you have questions about finding other Office real estate for sale in Riverside? You can browse all Riverside real estate or contact a Coldwell Banker agent to request more information.

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