Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    12190-12240 Perris Blvd Moreno Valley, CA 92557

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail spaces available in Food 4 Less anchored shopping center.

    Type:Retail
    Property size:
    10,420 SF
    Added:
    May 21, 2021
    Days on Market:
    1783
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 12190-12240 Perris Blvd

    General Information

    Standard status
    Active
    Size
    10,420 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1989

    Spaces For Lease

    at 12190-12240 Perris Blvd Contact us

    We can help!

    Listing Contact
    Albert Lopez

    Listing agent Albert Lopez License #CA 01409003

    Listing office Progressive Real Estate Partners

    Listing date May 21, 2021

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Progressive Real Estate Partners

    Overview

    Retail Space in Moreno Valley

    Located at the northeast corner of Perris Boulevard and Hemlock, this shopping center is anchored by Food 4 Less and features a high-volume gas station. The center is visible to over 27,000 cars per day. Available spaces include a junior anchor space of approximately 10,420 square feet and a shop space of approximately 1,020 square feet. The property is approximately 0.20 miles from the 60 Freeway and accessible to a population of 20,752 within a 1-mile radius. Major tenants in the center include Starbucks, O'Reilly Auto Parts, Little Caesars, T-Mobile, and Subway.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Indian Center — 24534, 24544 Sunnymead Boulevard, Moreno Valley, CA 92553
    • Sunnymead Plaza Shopping Center — 24901 Sunnymead Boulevard, Moreno Valley, CA 92553
    • Sundance center — 24467 Sunnymead Boulevard, Moreno Valley, CA 92553
    • Palm Plaza — 24592 Sunnymead Boulevard, Moreno Valley, CA 92553
    • Rio Rancho Super Mall — 25211 Sunnymead Boulevard, Moreno Valley, CA 92553

    Location Insight

    • Map
    • Local Demand
    City
    Moreno Valley
    County
    Riverside
    State
    California
    Longitude
    -117.2256064
    Latitude
    33.9443974

    Nearby Similar for Lease

    • Contact for pricing

      Moreno Valley Retail Opportunity

      Retail building in a high-traffic location, adaptable for various businesses.
      24200 Sunnymead Boulevard, Moreno Valley, CA 92553
      View Details
    • Contact for pricing

      Moreno Valley Mall Retail Opportunity

      Regional shopping destination with high traffic and flexible space options.
      22550 Town Circle, Moreno Valley, CA 92553
      View Details
    • Contact for pricing

      Retail Space Near Moreno Valley Mall

      16,000 sq ft retail space near Moreno Valley Mall.
      22560 Town Cir, Moreno Valley, CA 92553
      View Details
    • Sponsored
      Contact for pricing

      CA, Moreno Valley - Town Cir

      22550 Town Cir, Moreno Valley, CA 92553
      View Details
    • $1.20/mo

      New Office Space Available

      Brand new office space near March Air Force Base.
      24830 Rivard Rd, Moreno Valley, CA 92551
      View Details
    • $1.30/mo

      Free Standing Warehouse For Lease

      Freestanding warehouse with large yard and office space for lease.
      14370 Veterans Way, Moreno Valley, CA 92553
      View Details
    • $2/mo

      Freestanding Building Near Amenities

      Freestanding building near restaurants and banks available for rent.
      23119 Cottonwood Ave., Moreno Valley, CA 92553
      View Details
    • Contact for pricing

      Retail Space in Moreno Valley

      Neighborhood shopping center with high traffic and dense residential area.
      24831 Alessandro Blvd, Moreno Valley, CA 92553
      View Details
    • Contact for pricing

      Moreno Valley Flex/Industrial Space

      Flex/Industrial space available for lease in Moreno Valley, CA.
      24811 Rivard Rd, Moreno Valley, CA 92551
      View Details
    • $1.30/mo

      Free Standing Industrial Building

      Industrial building with office space, fenced yard, and freeway access.
      14460 Veterans Wy, Moreno Valley, CA
      View Details
    • Contact for pricing

      Rivard Road Industrial Park

      43,400 SF industrial building with secured yard for sale.
      24830-24840 Rivard Rd, Moreno Valley, CA
      View Details
    • Contact for pricing

      Industrial Single Tenant Opportunity

      162,527 SqFt single tenant industrial space for lease.
      22090 Alessandro Blvd, Moreno Valley, CA 92553
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail spaces available in Food 4 Less anchored shopping center.
    Where is this shopping center located?
    The property is located at 12190-12240 Perris Blvd Moreno Valley, CA.
    What are key features of this property?
    This property features: Food 4 Less Anchored Center; High Volume Gas Station; Located on NEC of Perris Blvd and Hemlock with 27,000 CPD
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Albert Lopez
    Real Estate License ID: CA 01409003
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!