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Property profile & analytics
OFF-MARKET
Estimated value
$4,730,000
Retail space
1550 2nd St Norco, CA 92860-2912
Entity Owned
4-yr Hold
Free & Clear
Property ID
US09-0313294
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2021
Construction
TILT-UP CONCRETE
Total area
936 SF
Lot
6.76 ac (294,465 SF)
Zoning code
A120
APN
125-180-014
UPID
US09-0313294
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
-
CarMax Car Dealership
-
CAX Insurance Group Financial Advisor Insurance Agency
-
CarMax Insurance Group Financial Advisor Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.73M
Owner & transaction history
Carmax Auto Superstores INC · 4 yrs held
Carmax Auto Superstores INC
since 2022
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
A120 · Norco, 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 Norco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norco 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
$4,820,000
ML approach
$5,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.73M
Range $4.26M – $5.20M · ±10% · vs last sale $4.50M (Mar 31 2022)
Last sale anchor
$4.50M
Mar 31 2022
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
$5,053 / 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
$96,512
Tax year 2024
Assessed value
$8,593,920
Assessed 2024
Previous assessed
$8,593,920
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$6,825,240
Assessed improvement
$1,768,680
Applied tax rate
15.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2021
Construction
TILT-UP CONCRETE
Heating
YES
Cooling
NONE
Stories
1
Bathrooms
1
Total area
936 SF
Lot
6.76 ac (294,465 SF)
Zoning code
A120
APN
125-180-014
UPID
US09-0313294
Jurisdiction
RIVERSIDE
Zoning & alternative use
A120 · Norco, CA
Zoning A120 · permitted uses
A120 · Norco, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norco. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2021
Construction
TILT-UP CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
6.76 ac
Current owner
From public records · entity-resolved
Carmax Auto Superstores INC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 29965, RICHMOND, VA 23242-2965
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2022
—
Carmax Auto Superstores INC
Carmax Enterprise Services LLC
Intrafamily Transfer
related
—
Feb 11, 2020
—
Carmax Auto Superstores Ca LLC
Carmax Auto Superstores Ca LLC
Quit Claim Deed
related
—
Mar 14, 2019
$4,500,000
Riverside Holdings LLC
Lee,caroline
Grant Deed
—
Mar 14, 2019
$845,455
Carmax Auto Superstores Ca LLC
Riverside Holdings LLC
Grant Deed
—
Aug 10, 2017
—
Caroline Lee
—
Deed
related
$3,000,000 · Open Bank
Feb 3, 2015
$450,000
Caroline Lee
An,frank
Grant Deed
—
Aug 11, 2010
$380,000
Frank An
An,frank
Grant Deed
related
—
May 29, 2009
$380,000
Frank An
Lee,caroline
Grant Deed
—
Nov 2, 2007
—
City Of Norco
An,frank
Grant Deed
—
Jun 20, 2006
$2,050,000
Frank An
Moreno,henry
Grant Deed
$3,750,000 · Cathay Bank
Mar 13, 2001
—
Moreno Henry Etal
Moreno Henry Etal
Quit Claim Deed
related
—
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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