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Financial
Distress signals
Property profile

1761 3Rd St Norco, CA 92860

FOR LEASE
Office buildings
Property ID
US09-2479965
18,850 SF 0.28 ac lot Built 2008
Last sale Aug 2011 · $6,025,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 15-yr Hold Held for 15 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional office space, located at 1761 Third Street, Suite 204, Norco, CA 92860, offers a flexible layout ideal for executive or medical practices. Situated on a spacious 14-acre lot in Riverside County, the property boasts a total building size of 3,859 square feet, with a currently available space ranging from 1,246 to 2,613 contiguous square feet. The entire 3,859 square feet is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire building or…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$29k
Tax billed · 2024
Assessed value$2.65M
Assessed land$225k
Assessed improvement$2.42M
Effective rate1.11%

Value estimate

· Oct 2026
$2.25M
$2.02M – $2.47M
Submarket $/SF estimate$3.00M
NOI build-up
Gross scheduled income$60k
Vacancy & credit loss−$5k
Operating expenses−$14k
NOI · 3,041,111.11% cap applied$41k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$272/SF
County average, outlier-cleaned · 622 recorded sales of this use type
Observed band · Q1–Q3$159 – $482

Cap rate analysis

How does the asset earn?
3,041,111.11%
$41k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CG
JurisdictionRIVERSIDE

Location intelligence

Which uses thrive at this corner?
Best fit: Furniture Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Furniture Store12.4
Garden Center11.9
Pharmacy11.6

Location

1761 3Rd St Norco, CA 92860
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2466 Hamner, Norco, CA 92860-1920 $280,000 Feb 2024 2,250 SF
1725 Lampton, Norco, CA 92860-1976 $200,000 Nov 2023 980 SF
791 6th, Norco, CA 92860-1544 $700,000 Nov 2023 972 SF
3646 Hamner, Norco, CA 92860-1358 $1,500,000 Feb 2023 5,064 SF
731 Parkridge, Norco, CA 92860-3149 $28,250,000 Nov 2021 7,680 SF
3195 Hamner, Norco, CA 92860-1937 $3,000,000 Dec 2018 2,600 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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