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    1096 Calimesa Blvd Calimesa, CA 92320-1563
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    Property profile & analytics

    1096 Calimesa Blvd, Calimesa, CA 92320-1563

    View on Map
    • Warehouses
    • 7,680 SF
    • 3.27 lot acres
    Off-Market
    Property ID
    US09-1010900
    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.
    Value Estimations
    $2,220,000
    Show details
    Cap Rate Potential
    6.9%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Side By Side Humanitarian / Food Bank / Charitable Organization
    • All U Need Registration Services / Vehicle Inspection Center
    • Team Q Realty / Real Estate Agency
    • Terrie Andrews / Real Estate Agency
    • Saunders & Associates | Lucid Financial / Real Estate Agency

    Property Details for 1096 Calimesa Blvd

    Year built
    1979
    Construction
    WOOD
    Lot size
    3.27 lot acres
    Zone code
    MIX
    Property type
    Warehouses
    APN
    411-190-035
    APU
    411190035

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 27, 2014 — Atlas Storage Calimesa LLC Atlas Storage LLC Quit Claim Deed $2.1M · Kinecta FCU
    Apr 25, 2012 $2,600,000 Atlas Storage LLC Us Bank NA 2007-top28 Grant Deed $1.5M · California Bank & Trust
    Jul 27, 2011 $3,000,000 Bank Of America NA 2007-top28 Assured Lender Services Trustees Deed · related —
    Jun 28, 2007 — Elkins Properties LLC Elkins,charles T & Leila L Quit Claim Deed —
    Mar 22, 2007 — Charles T Elkins — Trustees Deed · related $3.1M · Premier Service Bank
    Dec 28, 2004 — Charles T Elkins — Trustees Deed · related $800k · Premier Service Bank
    Oct 11, 2002 — Charles Etal Elkins Elkins,props Quit Claim Deed · related —
    Feb 5, 1999 $1,300,000 Charles T Elkins Southwood Investments Ltd Grant Deed $900k · Seller
    — — Sba 2012 Tc Assets LLC — Deed Of Trust · related —
    — — Charles T Elkins — Deed Of Trust · related $987k · Arrowhead Central Cu
    — — Charles T Elkins — Deed Of Trust · related $455k · Arrowhead Central Cu
    — — Charles T Elkins — Deed Of Trust · related $500k · Premier Service Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,999,000
      Market price range: $354k - $3.00M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,270,000
      Current use
      AUTO REPAIR, GARAGE
      $3,315,000
      Change: +46% Conversion: Easy
      RETAIL STORES
      $2,540,000
      Change: +12% Conversion: Moderate
      MEDICAL BUILDING
      $2,100,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Calimesa
    County
    Riverside
    State
    California
    Longitude
    -117.06
    Latitude
    33.998
    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
    $101,095
    $1,768,680
    $6,554,520
    $8,323,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      1096 Calimesa Blvd, Unit A

      MINI-WAREHOUSE, STORAGE
      1096 Calimesa Blvd, Calimesa, CA 92320-1563
      View Details
    • Value Estimation
      $2,720,000
      10,000 SF

      630 Ave L L

      WAREHOUSE, STORAGE
      630 Ave L L, Calimesa, CA 92320-1108
      View Details
    • Value Estimation
      $8,000,000
      8,700 SF

      540 Ave L L

      MINI-WAREHOUSE, STORAGE
      540 Ave L L, Calimesa, CA 92320-1106
      View Details
    • Value Estimation
      $1,090,000
      7,120 SF

      530 Ave L L

      WAREHOUSE, STORAGE
      530 Ave L L, Calimesa, CA 92320-1151
      View Details
    • Value Estimation
      $890,000
      9,920 SF

      1060 5th St

      MANUFACTURING (LIGHT)
      1060 5th St, Calimesa, CA 92320-1512
      View Details
    • Value Estimation by Request

      5256 Ave L Lc

      LIGHT INDUSTRIAL
      5256 Ave L Lc, Calimesa, CA 92320
      View Details

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      219,107 SF

      5.03 Acres Available Land

      Land available within a master-planned community development.
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    Similar Nearby for Lease

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      705,783 SF

      Distribution Facility in Calimesa

      State-of-the-art distribution facility on a 128-acre industrial campus.
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      View Details
    • Contact for pricing
      457,257 SF

      Distribution Facility in Calimesa

      State-of-the-art distribution facility on a 128-acre industrial campus.
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      View Details
    • Contact for pricing
      619,358 SF

      Calimesa Distribution Facility For Rent

      State-of-the-art distribution facility within a 128-acre industrial campus.
      SW Of Roberts Rd And Singleton Rd, Calimesa, CA 92320
      View Details
    • Contact for pricing
      33,541 SF

      Restaurant Pad with Freeway Visibility

      Retail or restaurant space available with drive-through option and visibility.
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      View Details
    • Contact for pricing
      47,900 SF

      Calimesa Retail Space Available

      Retail space available for lease in Calimesa, California.
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    Calimesa, CA 92320-1563
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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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