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    16110 Perris Blvd Moreno Valley, CA 92551-3301

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    16110 Perris Blvd Moreno Valley, CA 92551-3301

    View on Map
    • Strip malls
    • 14,623 SF
    • 2.20 lot acres
    Off-Market
    Last Sale Dec 10, 2021
    $5,710,000
    Property ID
    US09-2479990
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $5,645,000
    Show details
    Cap Rate Potential
    4.3%
    Strip malls
    Location Intelligence

    Current Use by Public Records

    • Freeway Insurance / Insurance Agency
    • Mr You Express / Restaurant
    • Subway / Take-out & Catering / Catering Service
    • American National Insurance / Insurance Agency
    • Furniture Palace / Furniture & Home Goods / Home Decor Store

    Property Details for 16110 Perris Blvd

    Year built
    2008
    Construction
    WOOD
    Lot size
    2.20 lot acres
    Property size
    14,623 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    312-360-006
    APU
    312360006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,500,000
      ML approach
      $5,650,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,950,000
      6.5%
      $3,645,000
      7%
      $3,385,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,646,000
      Market price range: $1.52M - $6.65M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $4,385,000
      Current use
      RESTAURANT
      $9,080,000
      Change: +107% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $8,565,000
      Change: +95% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $6,315,000
      Change: +44% Conversion: Difficult
      RETAIL STORES
      $4,480,000
      Change: +2% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $4,425,000
      Change: +1% Conversion: Difficult
      WAREHOUSE, STORAGE
      $4,320,000
      Change: -1% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Moreno Valley
    County
    Riverside
    State
    California
    Longitude
    -117.226
    Latitude
    33.8875
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $68,176
    $1,196,460
    $4,744,224
    $5,940,684
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,550,000
      14,530 SF

      16100 Perris Blvd

      SHOPPING CENTER, STRIP CENTER • 14,530 SF
      16100 Perris Blvd, Moreno Valley, CA 92551-3302
      View Details
    • Value Estimation
      $2,600,000
      18,232 SF

      25900 Iris Ave

      SHOPPING CENTER, STRIP CENTER • 18,232 SF
      25900 Iris Ave, Moreno Valley, CA 92551-1655
      View Details
    • Value Estimation
      $4,040,000
      18,232 SF

      25900 Iris Ave

      SHOPPING CENTER, STRIP CENTER • 18,232 SF
      25900 Iris Ave, Moreno Valley, CA 92551-1655
      View Details
    • Value Estimation
      $1,645,000
      7,360 SF

      16210 Perris Blvd

      SHOPPING CENTER, STRIP CENTER • 7,360 SF
      16210 Perris Blvd, Moreno Valley, CA 92551-3305
      View Details
    • Value Estimation
      $1,325,000
      7,687 SF

      15928 Perris Blvd

      SHOPPING CENTER, STRIP CENTER • 7,687 SF
      15928 Perris Blvd, Moreno Valley, CA 92551-4693
      View Details
    • Value Estimation
      $1,100,000
      7,221 SF

      25025 Red Maple Ln

      SHOPPING CENTER, STRIP CENTER • 7,221 SF
      25025 Red Maple Ln, Moreno Valley, CA 92551-1137
      View Details

    Similar Nearby for Sale

    • $2,150,000
      10,037 SF

      Retail Strip Center For Sale

      Almost fully leased retail strip center in Moreno Valley, CA.
      25025 Red Maple Ln, Moreno Valley, CA 92551
      View Details
    • $8,000,000
      213,008 SF

      Truck Yard with Approved CUP

      4.89 acre truck yard with existing office space.
      24811 Rivard Rd, Moreno Valley, CA 92551
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    • Contact for pricing
      38,820 SF

      Freestanding Industrial Building Available

      Ready for occupancy with office, mezzanine, and secured yard.
      24915 Rivard Rd, Moreno Valley, CA 92551
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    • Contact for pricing
      43,400 SF

      Industrial Warehouse For Sale

      Industrial warehouse property with estimated completion in October 2023.
      24830 Rivard Rd, Moreno Valley, CA 92551
      View Details
    • $3,750,000
      2 SF

      Entitled Land For Sale

      Land for sale in Riverside, fully entitled.
      Nwc Perris Blvd & Harley Knox Blvd, Perris, CA 92551
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Lease

      Retail space available for lease in Moreno Valley, CA.
      15025 Perris Blvd, Moreno Valley, CA 92551
      View Details
    • Contact for pricing

      Moreno Valley Distribution Warehouse

      Large industrial warehouse with planned improvements and ample trailer parking.
      16850 Heacock St, Moreno Valley, CA 92551
      View Details
    • Contact for pricing
      437,675 SF

      Industrial Building with Trailer Parking

      Industrial building featuring ample trailer parking and freeway access.
      17783 N Indian St, Moreno Valley, CA 92551
      View Details
    • $402 /Mo

      Moreno Valley Flex/Industrial Space

      Flex/Industrial space available for lease in Moreno Valley, CA.
      24811 Rivard Rd, Moreno Valley, CA 92551
      View Details
    • Contact for pricing

      Class A Distribution Facility Sublease

      Class A industrial space available for sublease in Moreno Valley.
      24665 Nandina Ave, Moreno Valley, CA 92551
      View Details
    • Contact for pricing
      225,450 SF

      Industrial Building with Trailer Parking

      225,450 SF industrial building featuring trailer parking.
      16875 Heacock St, Moreno Valley, CA 92551
      View Details
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    Moreno Valley, CA 92551-3301
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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