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Property profile & analytics
OFF-MARKET
Estimated value
$4,020,000
Warehouses
1645 Brown Ave Riverside, CA 92509-1859
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0271247
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2010
Construction
WOOD
Total area
16,000 SF
Lot
10 ac (435,600 SF)
APN
175-190-024
UPID
US09-0271247
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
-
Herman Weissker Inc. General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.83M
Comparable Approach
Comparable
$3.55M
Blend (final)
Blend
$4.02M
Owner & transaction history
1645 Brown Ave LLC · 9 yrs held
1645 Brown Ave LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.4M
+19.6%
Industrial (general)
$4.7M
+4.5%
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%
$4,145,000
6.5%
$3,825,000
7%
$3,555,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,470,000
Current use
RETAIL STORES
$5,350,000
Change: +20% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$4,670,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$4.02M
Range $3.62M – $4.42M · ±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
$251 / 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
$91,130
Tax year 2024
Assessed value
$8,420,509
Assessed 2024
Previous assessed
$8,420,509
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$5,915,960
Assessed improvement
$2,504,549
Applied tax rate
28.0000
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
Off-Market
Year built
2010
Construction
WOOD
Heating
NONE
Stories
2
Total area
16,000 SF
Lot
10 ac (435,600 SF)
APN
175-190-024
UPID
US09-0271247
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
$4.5M
RETAIL STORES
Est. value
$5.4M
INDUSTRIAL (GENERAL)
Est. value
$4.7M
WAREHOUSE, STORAGE Current
RETAIL STORES
INDUSTRIAL (GENERAL)
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
2010
Construction
WOOD
Heating
NONE
Stories
2
Lot
10 ac
Current owner
From public records · entity-resolved
1645 Brown Ave LLC
Entity
Mailing address
9550 FIRESTONE BLVD STE #105, DOWNEY, CA 90241-5560
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2022
—
1645 Brown Ave LLC
—
Deed
related
$4,000,000 · Comerica Bank
Feb 8, 2017
—
1645 Brown Ave LLC
—
Deed
related
$4,300,000 · Bank Of America
Dec 14, 2016
—
1645 Brown Ave LLC
Meruelo Alex Living Trust
Grant Deed
—
Apr 25, 2007
—
Gn Properties LLC
Kim,chae Y
Quit Claim Deed
—
Mar 4, 2003
—
Chae Y Kim
Kim,mi H
Quit Claim Deed
related
$896,800 · Fullerton Community Bank Fsb
—
—
Chae Y Kim
—
Deed Of Trust
related
$150,000 · Kyung M Kim
—
—
Chae Y Kim
—
Deed Of Trust
related
$1,820,000 · Fullerton Community Bank Fsb
—
—
Meruelo Alex Living Trust
—
Deed Of Trust
related
$4,400,000 · Comerica Bank
—
—
1645 Brown Ave LLC
—
Deed Of Trust
related
$4,300,000 · Bank Of America
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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