Property profile

1702 Illinois Ave Perris, CA 92571

OFF-MARKET
Medical Office Space
Property ID
US09-3823604
8,599 SF 0.81 ac lot Built 2008
Trust Owned 13-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2008
Construction TILT-UP CONCRETE
Total area 8,599 SF
Lot 0.81 ac (35,283 SF)
Zoning code CC
APN 329-250-041
UPID US09-3823604

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Physician Medical Clinic

Location

1702 Illinois Ave Perris, CA 92571-9371
Perris metro Census 42731 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.35M
Comparable Approach Comparable
$1.07M
Blend (final) Blend
$1.21M

Owner & transaction history

since 2012
5 recorded transactions
2012
Price N/A
2012
Price N/A
2011
$670,000
2010
$8.4M
2010
$8.4M

Zoning & alternative use

CC · Perris, CA
Zoning description

The CC Zone is to provide for retail, professional office, and service oriented business activities which serve the entire city.

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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