Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10051 Magnolia Ave Riverside, CA 92503-3579

    • Strip malls
    • 12,600 SF
    • 2.30 lot acres
    OFF-MARKET
    Value Estimations
    $1,910,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2812986
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Metro by T-Mobile / Mobile Phone Store / Electronics & Wireless Store
    • FedEx Office Print & Ship Center / Courier Service / Postal Service
    • Pho Star Bowl / Restaurant
    • Koreana Grill / Korean Barbecue Restaurant / Korean Restaurant
    • Bitcoin ATM Riverside - Coinhub / Atm / Currency Exchange Service

    Property Details for 10051 Magnolia Ave

    Year built
    1990
    Construction
    WOOD
    Lot size
    2.30 lot acres
    Property size
    12,600 SF
    Zone code
    R106
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    145-233-016
    APU
    145233016

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,348,000
      Market price range: $521k - $2.68M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.457
    Latitude
    33.9152
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $81,066
    $2,924,865
    $3,679,987
    $6,604,852
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $625,000
      1.16 Acres

      8201 Arlington Ave

      SHOPPING CENTER, STRIP CENTER • 1.16 Acres
      8201 Arlington Ave, Riverside, CA 92503-0430
      View Details
    • Value Estimation
      $670,000
      1.05 Acres

      Riverside, CA 92503

      SHOPPING CENTER, STRIP CENTER • 1.05 Acres
      Riverside, CA 92503
      View Details
    • Value Estimation
      $1,365,000
      7,200 SF

      3845 Pierce St

      SHOPPING CENTER, STRIP CENTER • 7,200 SF
      3845 Pierce St, Riverside, CA 92503-7108
      View Details
    • Value Estimation
      $12,755,000
      66,584 SF

      3870 Tyler St

      SHOPPING CENTER, STRIP CENTER • 66,584 SF
      3870 Tyler St, Riverside, CA 92503-3431
      View Details
    • Value Estimation
      $3,240,000
      23,117 SF

      5700 Van Buren Blvd

      SHOPPING CENTER, STRIP CENTER • 23,117 SF
      5700 Van Buren Blvd, Riverside, CA 92503-2087
      View Details
    • Value Estimation
      $2,050,000
      1,708 SF

      6300 Van Buren Blvd

      SHOPPING CENTER, STRIP CENTER • 1,708 SF
      6300 Van Buren Blvd, Riverside, CA 92503-2051
      View Details

    Similar Nearby for Sale

    • $220,000

      Turnkey Restaurant Opportunity in Riverside

      Fully equipped, profitable Mexican restaurant for sale in Riverside, CA.
      9670 Magnolia Ave, Riverside, CA 92503
      View Details
    • $1,200,000

      Retail Property on Van Buren

      Retail property with frontage on Van Buren Blvd near 91 FWY.
      3652 Van Buren Blvd, Riverside, CA 92503
      View Details
    • $1,800,000
      59,242 SF

      Riverside Land For Sale

      Approximately 1.36 acres of land available in Riverside, California.
      5375 Van Buren Blvd, Riverside, CA 92503
      View Details
    • $1,300,000

      Four-Unit Townhouse Style Property

      Four-unit property with recent upgrades and income potential.
      9039 Colony Pl, Riverside, CA 92503
      View Details
    • $649,900

      Duplex with Solar Panels

      Duplex featuring solar panels, garages, and fenced yards.
      4005 Mckenzie St, Riverside, CA 92503
      View Details
    • $499,000

      Riverside Land Near Freeways

      Spacious lot near freeways, shopping, and schools in Riverside.
      5995 Tyler St, Riverside, CA 92503
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Riverside Retail Space For Lease

      18,400 SF sub-anchor box available in high-traffic Riverside location.
      6008-6390 Van Buren Blvd, Riverside, CA 92503
      View Details
    • Contact for pricing

      Magnolia Avenue Retail Center

      Fully leased retail center on Magnolia Avenue in Riverside.
      9781-9789 Magnolia Ave, Riverside, CA 92503
      View Details
    • Contact for pricing

      Retail Space Sublease Opportunity

      Retail space sublease in high-traffic location with flexible layout.
      6230 Van Buren Blvd, Riverside, CA 92503
      View Details
    • $1.50 SF/Yr
      1,250 SF

      Riverside Auto Care Center Space

      Multi-tenant building with office, storage, and shop space.
      3265 Van Buren Blvd, Riverside, CA 92503
      View Details
    • $57 SF/Yr
      8,634 SF

      Riverside Retail Spaces - Magnolia Ave

      Brand new retail spaces, high traffic area.
      9471 Magnolia Ave, Riverside, CA 92503
      View Details
    • Contact for pricing

      Retail Building Available For Lease

      Divisible freestanding retail building available for lease in Riverside, CA.
      Riverside, CA 92503
      View Details
    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.
    10051 Magnolia Ave
    Riverside, CA 92503-3579
    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.