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Property profile & analytics
FOR SALE
Commercial land
10007 Beaumont Ave Cherry Valley, CA 92223
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-4229612
For Sale
1 / 28
$399,900
10007 Beaumont Ave, Cherry Valley, CA 92223
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.73 ac (31,798 SF)
Zoning code
C1CP
APN
403-280-010
UPID
US09-4229612
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Erik Simmons · 2 yrs held
Erik Simmons
since 2024
Last sale
$285,000
7 recorded transactions
Zoning & alternative use
C1CP · Cherry Valley, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cherry Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cherry Valley submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$2,489
Tax year 2024
Assessed value
$187,272
Assessed 2024
Previous assessed
$187,272
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$187,272
Applied tax rate
56.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Heating
NONE
Lot
0.73 ac (31,798 SF)
Zoning code
C1CP
APN
403-280-010
UPID
US09-4229612
Jurisdiction
RIVERSIDE
Zoning & alternative use
C1CP · Cherry Valley, CA
Zoning C1CP · permitted uses
C1CP · Cherry Valley, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cherry Valley. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.73 ac
Current owner
From public records · entity-resolved
Erik Simmons
Individual
Mailing address
PO BOX 101, CALIMESA, CA 92320-0101
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2024
$285,000
Erik Simmons
Valintino Alcarez
Grant Deed
—
Sep 14, 2021
$250,000
Valintino Alcarez
Joseph T Ressler
Grant Deed
—
Sep 14, 2021
—
Valintino Alcarez
Nicole Alcarez
Intrafamily Transfer
related
$200,000 · The George A Sehremelis Revocable T
Sep 29, 2014
—
Sehremelis,george A Trust
Sehremelis,george A
Quit Claim Deed
related
—
Jan 24, 2014
—
George A Sehremelis
Sehremelis,george A & Marcella
Quit Claim Deed
related
—
Nov 28, 2011
$41,500
George Sehremelis
Allstar Growth Fund LLC
Grant Deed
—
Oct 27, 2009
$23,162
Allstar Growth Fund LLC
Allstar Finl Svcs INC
Trustees Deed
related
—
Feb 21, 2006
—
Dennis P Gill
Manoukian,seta
Quit Claim Deed
related
—
Dec 30, 1997
—
Seta Etal Manoukian
Manoukian,seta
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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