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Property profile & analytics
FOR SALE
Warehouses
14078 Meridian Pkwy Riverside, CA 92518
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3453436
For Sale
1 / 3
$5,185,000
14078 Meridian Pkwy, Riverside, CA 92518
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2019
Construction
TILT-UP CONCRETE
Total area
21,907 SF
Lot
1.03 ac (44,866 SF)
APN
297-270-010
UPID
US09-3453436
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
-
Aladdin Scientific Biochemical Supplier Biochemistry Lab
-
Foam Sweet Foam Home Decor Store Department Store
-
Urban Green Mattress Furniture & Home Goods
-
Aladdin Scientific Corp. Research And Product Development Biochemical Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.14M
CAP Approach
CAP
$5.24M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.19M
Owner & transaction history
14078 Meridian Parkway INC · 5 yrs held
14078 Meridian Parkway INC
since 2021
Last sale
$4.2M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.8M
+27.1%
Medical building
$6.4M
+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
$6,185,000
ML approach
$6,140,000
CAP Approach
CAP Return
Estimation
6%
$5,675,000
6.5%
$5,240,000
7%
$4,865,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,125,000
Current use
RETAIL STORES
$7,780,000
Change: +27% · Conversion: Moderate
MEDICAL BUILDING
$6,395,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$5.19M
Range $4.67M – $5.70M · ±10% · vs last sale $4.18M (Jun 8 2021)
Last sale anchor
$4.18M
Jun 8 2021
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
$237 / 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
$52,143
Tax year 2024
Assessed value
$4,440,344
Assessed 2024
Previous assessed
$4,440,344
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$573,052
Assessed improvement
$3,867,292
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
For Sale
Year built
2019
Construction
TILT-UP CONCRETE
Stories
1
Total area
21,907 SF
Lot
1.03 ac (44,866 SF)
APN
297-270-010
UPID
US09-3453436
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
$6.1M
RETAIL STORES
Est. value
$7.8M
MEDICAL BUILDING
Est. value
$6.4M
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
Stories
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
14078 Meridian Parkway INC
Entity
Mailing address
12523 LIMONITE AVE STE #440, EASTVALE, CA 91752-3667
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2021
$4,184,500
14078 Meridian Parkway INC
Scott I Ravenhorst
Grant Deed
$2,600,000 · East West Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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