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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Strip malls
1223 University Ave Riverside, CA 92507-7242
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1207696
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Lot
0.77 ac (33,541 SF)
Zoning code
C1
APN
250-250-033
UPID
US09-1207696
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
-
Assembly Member Jose Medina State Government Office
-
Masala Mischief Restaurant
-
Boba Cafe Cafe & Coffee Shop
-
Bricks and Minifigs - Riverside (Bike/Boat/Book/etc) Store Arcade & Gaming Center
-
24/7 Mobile Notary Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$545k
Owner & transaction history
Ur Village LLC · 10 yrs held
Ur Village LLC
since 2016
7 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
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
—
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
$74,270
Tax year 2024
Assessed value
$6,766,210
Assessed 2024
Previous assessed
$6,766,210
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$777,589
Assessed improvement
$5,988,621
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
Off-Market
Heating
NONE
Lot
0.77 ac (33,541 SF)
Zoning code
C1
APN
250-250-033
UPID
US09-1207696
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
Heating
NONE
Lot
0.77 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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2026
—
Ur Village LLC
—
Deed
related
$26,900,000 · Thorofare Asset Based Lending Reit Fund
Feb 24, 2016
$43,890,000
Ur Village LLC
Riverside Village LLC
Trustees Deed
$29,250,000 · Bank Of America
Mar 6, 2014
—
Riverside Village LLC
—
Grant Deed
related
$21,000,000 · Us Bk
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
—
—
—
University Village Bldg B LLC
—
Deed Of Trust
related
$4,848,750 · Affinity Bank
—
—
University Village Building B
—
Deed Of Trust
related
$500,000 · Phillip Chang
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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