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Property profile & analytics
OFF-MARKET
Retail space
1595 Mtn Ave Norco, CA 92860-2857
Individually Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1031556
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2009
Construction
TILT-UP CONCRETE
Total area
1,322 SF
Lot
2 ac (87,120 SF)
Zoning code
M1
APN
126-240-003
UPID
US09-1031556
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
-
Horizon Underground Inc. Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lance Fair · 11 yrs held
Lance Fair
since 2014
7 recorded transactions
Zoning & alternative use
M1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$21,327
Tax year 2024
Assessed value
$1,898,771
Assessed 2024
Previous assessed
$1,898,771
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$512,547
Assessed improvement
$1,386,224
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
2009
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
1,322 SF
Lot
2 ac (87,120 SF)
Zoning code
M1
APN
126-240-003
UPID
US09-1031556
Jurisdiction
RIVERSIDE
Zoning & alternative use
M1 · Norco, CA
Zoning M1 · permitted uses
M1 · 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
2009
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
1
Lot
2 ac
Current owner
From public records · entity-resolved
Lance Fair
Individual
Mailing address
2279 EAGLE GLN PKWY STE #112, CORONA, CA 92883-0790
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2021
—
Lance Fair
—
Deed
related
$1,240,000 · Zb NA
Nov 21, 2014
$1,600,000
Lance Fair
Bret P Ralston
Grant Deed
$800,000 · Pacific Mercantile Bank
Oct 6, 2008
—
Ralston Family 1994 Trust
—
Trustees Deed
related
$1,036,000 · Bank Of The West
Mar 12, 1997
$180,000
Ralston Trust
Lydia V Salas Estate
Grant Deed
$162,000 · Individual
—
—
Lydia V Salas
—
Deed Of Trust
related
$30,500 · National Consumers Finance Co
—
—
Ralston Family Trust
—
Deed Of Trust
related
$750,000 · Bank Of The West
—
—
Ralston Family Trust
—
Deed Of Trust
related
$450,000 · Bank Of The West
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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