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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1785 Perris Blvd Perris, CA 92571-2740

    • Apartment buildings
    • 1,929 SF
    • 0.26 lot acres
    OFF-MARKET
    Last Sale
    Mar 27, 2025
    $2,200,000
    Value Estimations
    $1,840,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2860940
    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.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1785 Perris Blvd

    Year built
    1964
    Construction
    WOOD
    Lot size
    0.26 lot acres
    Property size
    1,929 SF
    Zone code
    CC
    Property type
    Apartment buildings
    APN
    320-250-042
    APU
    320250042

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,915,000
      ML approach
      $2,010,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,607,000
      Market price range: $441k - $6.31M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,910,000
      Current use
      COMMERCIAL (GENERAL)
      $1,975,000
      Change: +3% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $1,660,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Perris
    County
    Riverside
    State
    California
    Longitude
    -117.226
    Latitude
    33.8046
    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
    $4,008
    $113,781
    $236,488
    $350,269
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $665,000
      1,056 SF

      342 Dl St

      APARTMENT HOUSE (5+ UNITS) • 1,056 SF
      342 Dl St, Perris, CA 92571-4800
      View Details
    • Value Estimation
      $19,955,000
      1,989 SF

      150 Nuevo Rd

      APARTMENT HOUSE (5+ UNITS) • 1,989 SF
      150 Nuevo Rd, Perris, CA 92571-2932
      View Details
    • Value Estimation
      $325,000
      1,409 SF

      306 Rider St

      APARTMENT HOUSE (5+ UNITS) • 1,409 SF
      306 Rider St, Perris, CA 92571-4650
      View Details
    • Value Estimation
      $945,000
      20,539 SF

      650 Nuevo Rd

      APARTMENT HOUSE (5+ UNITS) • 20,539 SF
      650 Nuevo Rd, Perris, CA 92571-4124
      View Details
    • Value Estimation
      $1,225,000
      11,424 SF

      290 Wilson Ave

      APARTMENT HOUSE (100+ UNITS) • 11,424 SF
      290 Wilson Ave, Perris, CA 92571-3014
      View Details
    • Value Estimation
      $9,330,000
      5,142 SF

      2700 Perris Blvd

      APARTMENT HOUSE (100+ UNITS) • 5,142 SF
      2700 Perris Blvd, Perris, CA 92571-3234
      View Details

    Similar Nearby for Sale

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      5,895 SF

      Perris Multifamily Property with Development Potential

      1.1 acre lot with 5 units, pool, and development potential.
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      New Manufactured Home in Gated Community

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      Triplex on Half-Acre Lot

      Fully rented triplex with expansion potential in a prime location.
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      New Manufactured Home with Upgrades

      Spacious 4 bed, 3 bath home with low space rent.
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      New Mobile Home in Perris

      Newly built mobile home with modern features and community amenities.
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      New Manufactured Home in Gated Community

      New 4-bed, 3-bath manufactured home with low space rent.
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    Similar Nearby for Lease

    • Contact for pricing
      259,951 SF

      Patterson Commerce Center: Perris, CA

      Prime Perris Industrial/Office Space: 260,000 SF Available
      4400 Patterson Ave, Perris, CA 92571
      View Details
    • Contact for pricing
      89,734 SF

      Perris Retail Land - 2.06 Acres

      Prime Perris retail land, fully entitled.
      23 Rider St, Perris, CA 92571
      View Details
    • Contact for pricing
      277,578 SF

      Prime Romoland Industrial Build-to-Suit

      13.35 Acres, 277,578 SF, Fully Entitled
      27435 Mapes Rd, Romoland, CA 92571
      View Details
    • Contact for pricing
      121,000 SF

      Proposed Industrial Build-to-Suit Opportunity

      Proposed 121,000 SF industrial building with build-to-suit options.
      4862 Placentia Ave, Perris, CA 92571
      View Details
    • Contact for pricing
      210,900 SF

      Perris Industrial Building For Rent

      Industrial building with office space, dock doors, and trailer parking.
      4564 Redlands Ave, Perris, CA 92571
      View Details
    • $0.69 SF/Yr
      100,000 SF

      Perris Warehouse with Large Yard

      Sublease warehouse with large yard and easy freeway access.
      3407 N Perris Blvd, Perris, CA 92571
      View Details
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    Perris, CA 92571-2740
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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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