Most stock RIII's seem to get around 33-35 mpg... but there are many things that can effect milage... speed, acceleration, reving, stop & go vs highway miles etc...
But it is a pipe dream if you think you can do performance mods on the bike and still get the same kind of mileage. There are 3 variables to an internal combustion motor. Air in, fuel in and exhaust out. Those three variables need to be kept in balance for optimum performance. That is what the EFI tunes do! If you increase the air in (K&N or other air box mods) and/or decrease the exhaust back pressure, exhaust out, (cat by-pass and / or aftermarket pipe) then you must increase the fuel delivery (efi tunes and / or PCIII). And when you increase the fuel delivery, guess what? Your mileage is gonna go down. Now add to that - with the increased HP you are gonna be riding more aggressively and with the increased sound... you're gonna be reving it more! Bingo - there goes the gas mileage.
So if you are getting "normal" mileage - 33-35 mpg... those performance mods are going reduce your gas mileage and it's reasonable to expect that it might drop as low as into the 20's.
I don't know about any of you... but I did not buy this bike for it's gas mileage!