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    215 Frontage And Alessandro Blvd Moreno Valley, CA 92553
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    215 Frontage And Alessandro Blvd, Moreno Valley, CA 92553

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    • Warehouses
    • 198,824 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 215 Frontage And Alessandro Blvd

    Property type
    Warehouses
    Property subtype
    Office Spaces

    Description

    This exceptional Moreno Valley, CA property, located at Old 215 Frontage and Alessandro Blvd (zip code 92553), offers a unique blend of executive office and warehouse space, ideal for a variety of businesses. The campus comprises five buildings totaling 198,824 square feet, with a significant amount of vacant space available for lease (175,573 sq ft). Units range from a minimum of 23,530 square feet to a maximum contiguous space of 51,069 square feet, providing flexibility for businesses of various sizes. The property features impressive 30-foot ceiling heights in the warehouse areas, making it suitable for high-volume storage or manufacturing. Logistics are streamlined with 20 dock-high doors and 5 drive-in doors, ensuring efficient loading and unloading. Ample parking is available with 193 spaces. The property boasts substantial power capacity at 800 amps. This multi-tenant property is situated in Riverside County and offers a prime location for businesses seeking a combination of office and warehouse space in a thriving Southern California market. The property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Moreno Valley
    County
    Riverside
    State
    California
    Longitude
    -117.283
    Latitude
    33.9169

    Comparable in this City

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      26,330 SF

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      13850 Old 215 Frontage Rd

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      366,698 SF

      22705 Newhope Dr

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      115,427 SF

      2610 Alessandro Blvd

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      16,579 SF

      14320 Elsworth St

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      198,824 SF

      13850 Old 215 Frontage Rd

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      13850 Old 215 Frontage Rd, Moreno Valley, CA 92553
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      23,530 SF

      Moreno Valley Warehouse For Sale

      23,530 SF Warehouse, Excellent Location
      13890 Old 215 Frontage Rd, Moreno Valley, CA 92553
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      36,843 SF

      Industrial Building with Office Space

      36,843 SF industrial building featuring office and truck court.
      SW Of Heacock St And Alessandro Blvd, Moreno Valley, CA 92553
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      32,526 SF

      Industrial Building with Two-Story Office

      32,526 SF industrial building featuring a two-story office.
      SW Of Heacock St And Alessandro Blvd, Moreno Valley, CA 92553
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      242,580 SF

      Freestanding Warehouse with Freeway Frontage

      242,580 SF warehouse with excellent freeway access.
      7105 Old 215 Frontage Rd, Riverside, CA 92553
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      35,225 SF

      Moreno Valley Freestanding Industrial Building

      Freestanding industrial building featuring secured yard and ample power.
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      26,330 SF

      Mixed-Use Property For Sale

      Mixed-use, office, and industrial property available for purchase.
      13860 Old 215 Frontage Rd, Moreno Valley, CA 92553
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    Similar Nearby for Lease

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      35,225 SF

      Moreno Valley Warehouse - 35,225 SF

      Large warehouse, ideal for distribution. Prime Moreno Valley location.
      0 Nec Of Goldencrest Dr. & Ellsworth St, Moreno Valley, CA 92553
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      613,174 SF

      Moreno Valley Distribution Facility

      613,174 SF distribution facility available for sublease.
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      115,476 SF

      Industrial Space with Freeway Frontage

      New industrial space with easy freeway access, available 4Q 2025.
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      20,000 SF

      Industrial Space with Secured Yard

      Freestanding industrial building with dock doors and secured yard.
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      48,960 SF

      Industrial Building with Secured Yard

      Industrial building featuring office space, loading doors, and secured yard.
      22360 Goldencrest Dr, Moreno Valley, CA 92553
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      366,698 SF

      Moreno Valley Distribution Warehouse

      Available for sublease through February 2026 in Moreno Valley.
      22705 Newhope Dr, Moreno Valley, CA 92553
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    Moreno Valley, CA 92553
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    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
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