Back to Search
Property profile & analytics
FOR LEASE
Grocery and convenience stores
11875 Pigeon Pass Rd Moreno Valley, CA 92553
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2905079
For Lease
1 / 7
Contact for pricing
11875 Pigeon Pass Rd, Moreno Valley, CA 92553
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1990
Construction
TILT-UP CONCRETE
Total area
43,670 SF
Lot
4.02 ac (175,111 SF)
Zoning code
CP
APN
264-030-024
UPID
US09-2905079
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
-
Stater Bros. Markets Grocery & Convenience Store Food Market
-
Community Dental Care Dental Office
-
Subway Take-out & Catering Catering Service
-
Pizza Hut Take-out & Catering
-
Aqua Crystal Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.83M
Owner & transaction history
Matthew G Jones · 1 yrs held
Matthew G Jones
since 2024
7 recorded transactions
Zoning & alternative use
CP · Moreno 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 Moreno Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Moreno 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
$134 / 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
$74,770
Tax year 2024
Assessed value
$6,619,651
Assessed 2024
Previous assessed
$6,619,651
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$2,575,534
Assessed improvement
$4,044,117
Applied tax rate
21.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
1990
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
43,670 SF
Lot
4.02 ac (175,111 SF)
Zoning code
CP
APN
264-030-024
UPID
US09-2905079
Jurisdiction
RIVERSIDE
Zoning & alternative use
CP · Moreno Valley, CAZoning CP · permitted uses
CP · Moreno Valley, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1990
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
4.02 ac
Current owner
From public records · entity-resolved
Matthew G Jones
Individual
Free & Clear · 1 yrs held
Mailing address
301 S TIPPECANOE AVE, SAN BERNARDINO, CA 92408-0121
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2024
—
Matthew G Jones
Matthew Gregory Jones
Deed
related
—
Mar 6, 2023
—
Jaccov LLC
Jrmvp LLC
Grant Deed
—
Dec 10, 2019
$2,619,000
Joanne M Mcdowell
Jrmvp LLC
Grant Deed
—
Jul 12, 2013
$3,500,000
Market Stater
Abs Surplus-o LLC
Grant Deed
—
Apr 22, 2013
—
Abs Surplus-o LLC
American Stores Co LLC
Warranty Deed
—
Jun 26, 2006
—
American Stores Co LLC
Lucky Stores INC
Grant Deed
—
Jul 10, 2001
—
Noval Trust
—
Deed Of Trust
related
$2,650,000 · California Federal Bank
Jan 1, 1989
$525,000
Lucky Stores INC
Unknown
Grant Deed
—
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?”
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.
