Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Hotels
11043 Magnolia Ave Riverside, CA 92505-3046
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US10-1779498
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1988
Construction
WOOD
Total area
25,668 SF
Lot
0.48 ac (20,908 SF)
Zoning code
C2
APN
142-262-011
UPID
US10-1779498
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
-
Econo Lodge Inn & Suites Riverside - Corona Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$815k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$627k
Blend (final)
Blend
$675k
Owner & transaction history
Sonu Hospitality LLC · 15 yrs held
Sonu Hospitality LLC
since 2011
Last sale
$630,000
7 recorded transactions
Zoning & alternative use
C2 · Riverside, 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 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
by Request
ML approach
$815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $630k (Jul 16 2025)
Last sale anchor
$630k
Jul 16 2025
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
$26 / 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
$36,909
Tax year 2024
Assessed value
$3,026,618
Assessed 2024
Previous assessed
$3,026,618
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$628,023
Assessed improvement
$2,398,595
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
NONE
Stories
4
Units
42
Bathrooms
3
Total area
25,668 SF
Lot
0.48 ac (20,908 SF)
Zoning code
C2
APN
142-262-011
UPID
US10-1779498
Jurisdiction
RIVERSIDE
Zoning & alternative use
C2 · Riverside, CA
Zoning C2 · permitted uses
C2 · 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.
Building & site characteristics
From public records
Year built
1988
Construction
WOOD
Heating
NONE
Stories
4
Units
42
Bathrooms
3
Lot
0.48 ac
Current owner
From public records · entity-resolved
Sonu Hospitality LLC
Entity
Mailing address
11043 MAGNOLIA AVE, RIVERSIDE, CA 92505-3046
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2011
—
Sonu Hospitality LLC
Amratlal Maganlal Patel
Grant Deed
$2,427,600 · Premier Commercial Bank NA
Mar 13, 2008
—
Patel Family Trust
Patel,amratlal M & Niruben A
Quit Claim Deed
related
—
May 21, 2007
$4,250,000
Amratlal M Patel
Jose Valenzuela
Grant Deed
$2,433,389 · Premier Commercial Bank NA
Jan 23, 2003
$1,375,000
Jose Valenzuela
Patel,dipak G & Kailash D
Grant Deed
$950,000 · Wilshire State Bank
Mar 29, 2001
$2,200,000
Dipak G Patel
Shen-tan Hotels Corp
Grant Deed
$757,000 · Bank Of The West
Aug 4, 1998
$875,000
Shen-tan Hotels Corp
Patel,mahesh P & Lalita M
Grant Deed
$880,000 · First Continental Bank
Nov 27, 1995
$1,125,000
Mahesh P Patel
Wolfriver Holding Corp
Grant Deed
$500,000 · American Valley Bank
Jun 15, 1995
$1,258,940
Wolfriver Holding Corp
Patel,nanu C
Trustees Deed
—
Sep 28, 1994
—
Malibu Inn Rv
Patel,nanu C Etal
Grant Deed
related
—
—
—
Wolfriver Holding Corp
—
Deed Of Trust
related
$6,040,000 · Westminster Capital INC
—
—
Jose Valenzuela
—
Deed Of Trust
related
$226,200 · Dipak G & Kailsh D Patel
—
—
Nanu C Patel
—
Deed Of Trust
related
$450,000 · Cathay Bank
—
—
Mahesh P Patel
—
Deed Of Trust
related
$500,000 · Cenfed Bank
—
—
Jose Valenzuela
—
Deed Of Trust
related
$1,333,300 · Temecula Valley Bank NA
—
—
Jose Valenzuela
—
Deed Of Trust
related
$2,450,000 · Mirae 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.
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?”
You own 11043 Magnolia Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
