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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Manufacturing properties
1730 Production Cir Riverside, CA 92509-1717
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US10-3202504
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1992
Construction
TILT-UP CONCRETE
Total area
2,619 SF
Lot
0.18 ac (7,840 SF)
Zoning code
M1
APN
175-270-027
UPID
US10-3202504
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$515k
Comparable Approach
Comparable
$416k
Blend (final)
Blend
$585k
Owner & transaction history
Jack Banjarjian · 1 yrs held
Jack Banjarjian
since 2025
Last sale
$660,000
7 recorded transactions
Zoning & alternative use
M1 · Riverside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$875,000
+14.5%
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%
$560,000
6.5%
$515,000
7%
$480,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$765,000
Current use
RETAIL STORES
$875,000
Change: +15% · Conversion: Moderate
MEDICAL BUILDING
$765,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$730,000
Change: -4% · Conversion: Easy
OFFICE BUILDING
$620,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $660k (Dec 20 2024)
Last sale anchor
$660k
Dec 20 2024
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
$223 / 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
$5,925
Tax year 2024
Assessed value
$545,726
Assessed 2024
Previous assessed
$545,726
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$111,550
Assessed improvement
$434,176
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1992
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
2,619 SF
Lot
0.18 ac (7,840 SF)
Zoning code
M1
APN
175-270-027
UPID
US10-3202504
Jurisdiction
RIVERSIDE
Zoning & alternative use
M1 · Riverside, CA
Zoning M1 · permitted uses
M1 · Riverside, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riverside. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$765,000
RETAIL STORES
Est. value
$875,000
MEDICAL BUILDING
Est. value
$765,000
WAREHOUSE, STORAGE
Est. value
$730,000
OFFICE BUILDING
Est. value
$620,000
INDUSTRIAL (GENERAL) Current
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1992
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Jack Banjarjian
Individual
Mailing address
1730 PRODUCTION CIR, RIVERSIDE, CA 92509-1717
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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 20, 2025
$660,000
Jack Banjarjian
David Martirosyan
Grant Deed
—
Dec 10, 2020
—
David Martirosyan
—
Deed
related
$160,000 · Wtr Ln Fund
Nov 14, 2017
$450,000
David Martirosyan
Crawford,robert H & Sandi D
Grant Deed
$200,000 · Mchardy LLC
Jun 5, 2006
—
Robert H Crawford
Bashaw Family Trust
Grant Deed
$131,000 · Jon M Polentz
Apr 25, 1997
$128,000
Bashaw Trust
Thams Trust
Grant Deed
$346,500 · De Anza National Bank
Mar 15, 1995
$212,000
Bashaw Trust
Florida Ave Investmen Co INC
Grant Deed
$158,730 · Bank Of Hemet
Jul 28, 1994
$120,000
Mod Craft INC
Florida Avenue I
Grant Deed
$108,000 · Bank Of Hemet
—
—
Robert H Crawford
—
Deed Of Trust
related
$150,000 · Michael Hilton
—
—
David Martirosyan
—
Deed Of Trust
related
$160,000 · Wtr Ln Fund
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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