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Property profile & analytics
OFF-MARKET
Estimated value
$4,195,000
Manufacturing properties
12203 Magnolia Ave Riverside, CA 92503-4889
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-0242017
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2003
Construction
TILT-UP CONCRETE
Total area
22,980 SF
Lot
1.39 ac (60,548 SF)
Zoning code
M1
APN
142-160-024
UPID
US09-0242017
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
-
Platinum Party Bus Builders Travel Agency Tour Operator
-
Orgatech Industrial Manufacturer
-
Organic Lighting Systems Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.36M
Comparable Approach
Comparable
$3.56M
Blend (final)
Blend
$4.20M
Owner & transaction history
Laurence St Ives LLC · 4 yrs held
Laurence St Ives LLC
since 2021
7 recorded transactions
Zoning & alternative use
M1 · Riverside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.7M
+19.8%
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%
$4,715,000
6.5%
$4,355,000
7%
$4,045,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,600,000
Current use
MEDICAL BUILDING
$6,710,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$4.20M
Range $3.78M – $4.61M · ±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
$183 / 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
$63,737
Tax year 2024
Assessed value
$5,217,606
Assessed 2024
Previous assessed
$5,217,606
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$1,248,480
Assessed improvement
$3,969,126
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2003
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
22,980 SF
Lot
1.39 ac (60,548 SF)
Zoning code
M1
APN
142-160-024
UPID
US09-0242017
Jurisdiction
RIVERSIDE
Zoning & alternative use
M1 · Riverside, CA
Zoning M1 · permitted uses
M1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.6M
MEDICAL BUILDING
Est. value
$6.7M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
1.39 ac
Current owner
From public records · entity-resolved
Laurence St Ives LLC
Entity
Mailing address
12203 MAGNOLIA AVE, RIVERSIDE, CA 92503-4889
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2021
$5,015,000
Laurence St Ives LLC
Todd A Frealy
Quit Claim Deed
related
$3,250,000 · Standard Insurance Co
Oct 25, 2019
—
Bs Riverside LLC
—
Deed
related
$955,000 · California Statewide Certified
Oct 2, 2017
—
Ben Clymers The Body Shop Per
—
Deed
related
$4,390,000 · Us Metro Bk
Sep 29, 2017
—
Idyllwild Realty & Property Mg
Heitman Holdings INC
Grant Deed
related
—
Jul 5, 2016
—
Ben Clymer S The Body Shop Perris L
—
Deed
related
$4,390,000 · Us Metro Bank
May 13, 2016
$3,000,000
Idyllwild Realty & Prop Mgmt L
Heitman Holdings INC
Grant Deed
$3,000,000 · Qiuling Jia
Jan 30, 2007
$5,025,000
Heitman Holdings INC
Ladue,michael J
Grant Deed
related
—
Sep 13, 2005
—
Ladue,michael J
Ladue,wendy K
Quit Claim Deed
related
—
Sep 13, 2005
$2,600,000
Ladue,michael J
Bp Magnolia LLC
Grant Deed
$1,398,600 · Wells Fargo Bk
Apr 10, 2002
—
Bp Magnolia LLC
Clymer,r Etal
Trustees Deed
related
$1,250,000 · Borrego Springs Bank
—
—
Ben Clymers The Body Shop Per
—
Loan Modification
related
$4,390,000 · Us Metro 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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