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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Manufacturing properties
1040 Northgate St 2 Riverside, CA 92507-2170
Entity Owned
Absentee Owner
Free & Clear
Property ID
US10-3120068
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2006
Construction
TILT-UP CONCRETE
Total area
3,666 SF
Lot
0.08 ac (3,571 SF)
Zoning code
MP
APN
257-021-012
UPID
US10-3120068
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
Current use
Occupant on record · Public records
-
MasterBuilt Audio Electronics & Wireless Store
-
Seaco Construction Inc Construction Company
-
Sunworks Solar Energy Company
-
Endeavor Audio Engineering Electronics & Wireless Store Big Box & Wholesale Store
-
Amendola LLC Hardware & Home Improvement Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.01M
CAP Approach
CAP
$695k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$955k
Owner & transaction history
Walcker Holding Commercial LLC
Walcker Holding Commercial LLC
since 2026
Last sale
$915,000
7 recorded transactions
Zoning & alternative use
MP · Riverside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.2M
+26.2%
Medical building
$1.1M
+13.6%
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 Riverside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverside 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
Method
Estimation
Statistic approach
$990,000
ML approach
$1,010,000
CAP Approach
CAP Return
Estimation
6%
$750,000
6.5%
$695,000
7%
$645,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$940,000
Current use
WAREHOUSE, STORAGE
$1,190,000
Change: +26% · Conversion: Easy
MEDICAL BUILDING
$1,070,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$860,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±10% · vs last sale $915k (Aug 18 2024)
Last sale anchor
$915k
Aug 18 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$261 / SF
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
$10,259
Tax year 2024
Assessed value
$877,005
Assessed 2024
Previous assessed
$877,005
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$104,040
Assessed improvement
$772,965
Applied tax rate
9.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2006
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
3,666 SF
Lot
0.08 ac (3,571 SF)
Zoning code
MP
APN
257-021-012
UPID
US10-3120068
Jurisdiction
RIVERSIDE
Zoning & alternative use
MP · Riverside, CA
Zoning MP · permitted uses
MP · Riverside, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riverside. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$940,000
WAREHOUSE, STORAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$860,000
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Walcker Holding Commercial LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2700 E FOOTHILL BLVD STE #100, PASADENA, CA 91107-3443
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2026
—
Walcker Holding Commercial LLC
Andrew Walcker & Lisa Andrea Walcke
Grant Deed
—
Dec 4, 2024
—
Christopher Andrew Walcker
—
Deed
related
$389,000 · Cdc Small Business Finance Corp
Nov 18, 2024
$915,000
Christopher Andrew Walcker
Gq Property LLC
Grant Deed
$470,000 · Morgan Stanley Bank NA
Oct 29, 2021
$843,000
Gq Property LLC
E & M Investments LLC
Grant Deed
$758,655 · New Markets Investment 116 LLC
Apr 22, 2015
$201,500
E & M Investments LLC
Wjcf Properties LLC
Grant Deed
—
Apr 22, 2015
—
Wjcf Properties LLC
Brc Partners
Quit Claim Deed
—
Jan 31, 2007
—
Brc Partners
Palmyrita Jp Of Pi LLC
Grant Deed
$263,000 · Zions First National Bank
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.
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