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Property profile & analytics
OFF-MARKET
Estimated value
$5,385,000
Medical Office Space
14305 Meridian Pkwy, Riverside, CA 92518-3034
Individually Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1423800
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2009
Construction
TILT-UP CONCRETE
Total area
28,068 SF
Lot
3.28 ac (142,876 SF)
Zoning code
BP
APN
297-100-065
UPID
US09-1423800
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
-
Kaiser Permanente Meridian Medical Offices Medical Clinic
-
Electrify America Charging Station Electric Vehicle Charging Station
-
Gregorio Joven Tan, MD | Kaiser Permanente Pediatrician Physician
-
Gilbert Haegil Lee, MD | Kaiser Permanente Pediatrician Physician
-
Yin Yin Aye M.D.| Kaiser Permanente Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.46M
Comparable Approach
Comparable
$3.96M
Blend (final)
Blend
$5.39M
Owner & transaction history
Foundation Health Plan Kaiser · 13 yrs held
Foundation Health Plan Kaiser
since 2012
5 recorded transactions
Zoning & alternative use
BP · Riverside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$8,085,000
6.5%
$7,460,000
7%
$6,930,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$8,195,000
Current use
WAREHOUSE, STORAGE
$7,845,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$5.39M
Range $4.85M – $5.92M · ±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
$192 / 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
$105,164
Tax year 2024
Assessed value
$8,691,750
Assessed 2024
Previous assessed
$8,691,750
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$1,397,453
Assessed improvement
$7,294,297
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2009
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Total area
28,068 SF
Lot
3.28 ac (142,876 SF)
Zoning code
BP
APN
297-100-065
UPID
US09-1423800
Jurisdiction
RIVERSIDE
Zoning & alternative use
BP · Riverside, CA
Zoning BP · permitted uses
BP · 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
MEDICAL BUILDING Current
Est. value
$8.2M
WAREHOUSE, STORAGE
Est. value
$7.8M
MEDICAL BUILDING Current
WAREHOUSE, STORAGE
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
2009
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Lot
3.28 ac
Current owner
From public records · entity-resolved
Foundation Health Plan Kaiser
Individual
Free & Clear · 13 yrs held
Mailing address
1 KAISER PLZ15L, OAKLAND, CA 94612-3610
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2012
$4,758,000
Foundation Health Plan Kaiser
Ms-river LLC
Grant Deed
—
Jan 28, 2010
$3,195,000
Ms-river LLC
Global Corporate Park LLC
Grant Deed
$3,640,000 · California Bank & Trust
Sep 29, 2009
—
Western Municipal Water Dist
Global Corporate Park LLC
Grant Deed
related
—
Sep 10, 2009
—
Global Corporate Park LLC
Lnr Riverside II LLC
Quit Claim Deed
related
—
Sep 14, 2007
$3,575,500
Global Corporate Park LLC
Lnr Riverside II LLC
Grant Deed
$20,150,000 · Guaranty 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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