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    Property profile & analytics

    12124 Severn Way Riverside, CA 92503-4804

    • Manufacturing properties
    • 23,365 SF
    • 1.99 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jul 27, 2023
    Location Intelligence
    Property ID
    US09-2833522
    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.

    Current Use by Public Records

    • Autoworks Socal llc / Auto Repair Shop
    • Public Wholesale Tires / Tire Shop

    Property Details for 12124 Severn Way

    Year built
    1987
    Construction
    TILT-UP CONCRETE
    Lot size
    1.99 lot acres
    Property size
    23,365 SF
    Zone code
    R106
    Property type
    Manufacturing properties
    APN
    142-150-053
    APU
    142150053

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.5
    Latitude
    33.8957
    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
    $52,029
    $1,560,000
    $5,540,000
    $7,100,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.60 Acres

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      MANUFACTURING (LIGHT) • 1.60 Acres
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    • Value Estimation by Request
      19,143 SF

      3750 Pierce St

      MANUFACTURING (LIGHT) • 19,143 SF
      3750 Pierce St, Riverside, CA 92503-5037
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    • Value Estimation by Request
      16,044 SF

      12490 Magnolia Ave

      MANUFACTURING (LIGHT) • 16,044 SF
      12490 Magnolia Ave, Riverside, CA 92503-4767
      View Details
    • Value Estimation by Request
      12,234 SF

      11728 Magnolia Ave

      MANUFACTURING (LIGHT) • 12,234 SF
      11728 Magnolia Ave, Riverside, CA 92503-7124
      View Details
    • Value Estimation by Request
      30,451 SF

      12070 Magnolia Ave

      MANUFACTURING (LIGHT) • 30,451 SF
      12070 Magnolia Ave, Riverside, CA 92503-4910
      View Details
    • Value Estimation by Request
      38,697 SF

      Riverside, CA 92503

      MANUFACTURING (LIGHT) • 38,697 SF
      Riverside, CA 92503
      View Details

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      Industrial Property in Riverside

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    Property Visit Statistics

    • Visits by month
      1.2k
    • Visitors by month
      782
    • Avg Time on site
      25 min
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    12124 Severn Way
    Riverside, CA 92503-4804
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    Realmo Value Estimation

    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.

    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.

    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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