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Property profile & analytics
FOR LEASE
Strip malls
1201 University Ave Riverside, CA 92507
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2964136
For Lease
1 / 2
Contact for pricing
1201 University Ave, Riverside, CA 92507
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1997
Construction
STEEL FRAME
Total area
46,197 SF
Lot
3.18 ac (138,520 SF)
Zoning code
C1
APN
250-250-032
UPID
US10-2964136
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
-
University Village Dentistry: Zaninovic Periza DDS Dental Office
-
西洲馆桌游吧 - Westworld Board Games Arcade & Gaming Center Family Recreation Center
-
Superior Insurance Insurance Agency
-
Afters Ice Cream Grocery & Convenience Store Specialty Food Shop
-
Juice It Up! Specialty Food Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.59M
Blend (final)
Blend
$5.07M
Owner & transaction history
Ur Village LLC · 10 yrs held
Ur Village LLC
since 2016
6 recorded transactions
Zoning & alternative use
C1 · Riverside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
COMMERCIAL ZONES HANDOUT A10
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.07M
Range $4.56M – $5.58M · ±10%
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
$110 / 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
$168,915
Tax year 2024
Assessed value
$15,371,955
Assessed 2024
Previous assessed
$15,371,955
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$3,214,819
Assessed improvement
$12,157,136
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1997
Construction
STEEL FRAME
Heating
NONE
Buildings
3
Stories
2
Units
4
Total area
46,197 SF
Lot
3.18 ac (138,520 SF)
Zoning code
C1
APN
250-250-032
UPID
US10-2964136
Jurisdiction
RIVERSIDE
Zoning & alternative use
C1 · Riverside, CAZoning C1 · permitted uses
C1 · Riverside, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
COMMERCIAL ZONES HANDOUT A10
Building & site characteristics
From public records
Year built
1997
Construction
STEEL FRAME
Heating
NONE
Stories
2
Buildings
3
Units
4
Lot
3.18 ac
Current owner
From public records · entity-resolved
Ur Village LLC
Entity
Mailing address
24025 S PARK SORRENTO BLVD STE #300, CALABASAS, CA 91302-4001
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2016
$43,890,000
Ur Village LLC
Riverside Village LLC
Trustees Deed
$29,250,000 · Bank Of America
Dec 29, 2010
—
Riverside Village LLC
—
Deed Of Trust
related
$31,134,610 · Wells Fargo Bk 2005-cip1 (te)
Jul 1, 2005
$35,750,000
LP Univillage
University,village LLC
Grant Deed
related
—
Apr 23, 1996
—
University Vlg LLC
Redev Agency Cy Rv,
Grant Deed
related
—
Mar 22, 1996
—
Redev Agency Cy Rv
Royal,neighbors Am
Grant Deed
related
—
—
—
Riverside Village LLC
—
Deed Of Trust
related
$21,000,000 · Us Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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