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Property profile & analytics
FOR SALE
Warehouses
1400 Marlborough Ave Riverside, CA 92507
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2547303
For Sale
$25,950,000
1400 Marlborough Ave, Riverside, CA 92507
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1971
Construction
CONCRETE
Total area
73,420 SF
Lot
11.9 ac (518,364 SF)
Zoning code
MP
APN
249-100-002
UPID
US09-2547303
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
-
AB Riverside Big Box & Wholesale Store Distribution Center
-
SickOnes Studio Barber Shop
-
Virtue Built General Contractor
-
Romeo Inland Empire Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.89M
Comparable Approach
Comparable
$16.12M
Blend (final)
Blend
$25.95M
Owner & transaction history
Rlf III West 2 LLC · 2 yrs held
Rlf III West 2 LLC
since 2023
Last sale
$28.0M
2 recorded transactions
Zoning & alternative use
MP · Riverside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$34.8M
+46.2%
Auto repair, garage
$32.5M
+36.6%
Apartment house (5+ units)
$26.4M
+10.8%
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
$30,335,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$18,295,000
6.5%
$16,890,000
7%
$15,685,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$23,810,000
Current use
RESTAURANT
$34,815,000
Change: +46% · Conversion: Difficult
AUTO REPAIR, GARAGE
$32,530,000
Change: +37% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$26,380,000
Change: +11% · Conversion: Difficult
MEDICAL BUILDING
$21,435,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$25.95M
Range $23.36M – $28.55M · ±10% · vs last sale $28.00M (Sep 1 2023)
Last sale anchor
$28.00M
Sep 1 2023
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
$353 / 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
$342,252
Tax year 2024
Assessed value
$31,000,000
Assessed 2024
Previous assessed
$31,000,000
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$9,330,000
Assessed improvement
$21,670,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1971
Construction
CONCRETE
Heating
NONE
Buildings
5
Stories
1
Total area
73,420 SF
Lot
11.9 ac (518,364 SF)
Zoning code
MP
APN
249-100-002
UPID
US09-2547303
Jurisdiction
RIVERSIDE
Zoning & alternative use
MP · Riverside, CA
Zoning MP · permitted uses
MP · 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
WAREHOUSE, STORAGE Current
Est. value
$23.8M
RESTAURANT
Est. value
$34.8M
AUTO REPAIR, GARAGE
Est. value
$32.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$26.4M
MEDICAL BUILDING
Est. value
$21.4M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1971
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
5
Lot
11.9 ac
Current owner
From public records · entity-resolved
Rlf III West 2 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
201 WW ST, ANNAPOLIS, MD 21401-4654
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Sep 1, 2023
—
Rlf III West 2 LLC
Rlf III West LLC
Intrafamily Transfer
related
—
Jun 8, 2021
$28,000,000
Rlf III West LLC
Anheuser Busch LLC
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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