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Property profile & analytics
OFF-MARKET
Estimated value
$5,240,000
Warehouses
14040 Meridian Pkwy Riverside, CA 92518-3031
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2862718
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2019
Construction
TILT-UP CONCRETE
Total area
21,136 SF
Lot
1.91 ac (83,199 SF)
APN
297-270-008
UPID
US09-2862718
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
-
Frontline Machining Corporate Office Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.94M
CAP Approach
CAP
$5.06M
Comparable Approach
Comparable
$6.92M
Blend (final)
Blend
$5.24M
Owner & transaction history
Cavden Properties LLC · 5 yrs held
Cavden Properties LLC
since 2020
Last sale
$3.8M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.5M
+27.1%
Medical building
$6.2M
+4.4%
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
$5,895,000
ML approach
$5,940,000
CAP Approach
CAP Return
Estimation
6%
$5,475,000
6.5%
$5,055,000
7%
$4,695,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,910,000
Current use
RETAIL STORES
$7,510,000
Change: +27% · Conversion: Moderate
MEDICAL BUILDING
$6,170,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$5.24M
Range $4.72M – $5.76M · ±10% · vs last sale $3.81M (Dec 3 2020)
Last sale anchor
$3.81M
Dec 3 2020
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
$248 / 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
$49,792
Tax year 2024
Assessed value
$4,037,725
Assessed 2024
Previous assessed
$4,037,725
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$928,557
Assessed improvement
$3,109,168
Applied tax rate
80.0000
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
Off-Market
Year built
2019
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
21,136 SF
Lot
1.91 ac (83,199 SF)
APN
297-270-008
UPID
US09-2862718
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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.9M
RETAIL STORES
Est. value
$7.5M
MEDICAL BUILDING
Est. value
$6.2M
WAREHOUSE, STORAGE Current
RETAIL STORES
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
2019
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
1.91 ac
Current owner
From public records · entity-resolved
Cavden Properties LLC
Entity
Free & Clear · 5 yrs held
Mailing address
74075 EL PASEO STE A4, PALM DESERT, CA 92260-4118
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2020
$3,805,000
Cavden Properties LLC
Glover Family 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.
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