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Property profile & analytics
OFF-MARKET
Estimated value
$4,340,000
Banks
1209 University Ave Riverside, CA 92507-4563
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2989791
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1998
Construction
TILT-UP CONCRETE
Total area
16,848 SF
Lot
0.37 ac (16,117 SF)
APN
250-250-027
UPID
US09-2989791
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
-
SchoolsFirst Federal Credit Union - Riverside University Credit Union
-
Autoland LLC - SchoolsFirst Federal Credit Union Car Dealership
-
Coinstar Bank Credit Union
-
Protech Staffing Employment Agency
-
Schools First Credit Union ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.87M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.00M
Blend (final)
Blend
$4.34M
Owner & transaction history
Lac University LLC · 5 yrs held
Lac University LLC
since 2021
Last sale
$3.4M
2 recorded transactions
Zoning & alternative use
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
$5,025,000
ML approach
$4,865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.34M
Range $3.91M – $4.77M · ±10% · vs last sale $3.40M (Jun 17 2021)
Last sale anchor
$3.40M
Jun 17 2021
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
$258 / 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
$39,566
Tax year 2024
Assessed value
$3,608,107
Assessed 2024
Previous assessed
$3,608,107
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$530,604
Assessed improvement
$3,077,503
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1998
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Total area
16,848 SF
Lot
0.37 ac (16,117 SF)
APN
250-250-027
UPID
US09-2989791
Jurisdiction
RIVERSIDE
Zoning & alternative use
Zoning · permitted uses
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
1998
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Lot
0.37 ac
Current owner
From public records · entity-resolved
Lac University LLC
Entity
Mailing address
1737 ATLANTA AVE STE H2B, RIVERSIDE, CA 92507-0526
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2021
$3,400,000
Lac University LLC
Schoolsfirst Federal Credit Union
Grant Deed
$3,060,000 · Mufg Union Bank NA
Feb 22, 2017
—
Schoolsfirst FCU
Schoolsfirst FCU
Quit Claim Deed
related
—
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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