Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    180 Jarvis St Perris, CA 92571-2868

    • Apartment buildings
    • 7,493 SF
    • 7.04 lot acres
    OFF-MARKET
    Value Estimations
    $1,520,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-5283481
    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

    • Perris Family Apartments / Apartment Building

    Property Details for 180 Jarvis St

    Year built
    2016
    Construction
    WOOD
    Lot size
    7.04 lot acres
    Property size
    7,493 SF
    Zone code
    R14
    Property type
    Apartment buildings
    APN
    311-180-059
    APU
    311180059

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,020,000
      6.5%
      $1,865,000
      7%
      $1,735,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,782,000
      Market price range: $528k - $1.78M

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

    Location Insight

    • Map
    • Local Demand
    City
    Perris
    County
    Riverside
    State
    California
    Longitude
    -117.223
    Latitude
    33.7929
    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
    $23,716
    $1,297,825
    $4,828,145
    $6,125,970
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $505,000
      2.72 Acres

      95 Hart Ln

      APARTMENT HOUSE (5+ UNITS) • 2.72 Acres
      95 Hart Ln, Perris, CA 92571-2725
      View Details
    • Value Estimation
      $700,000
      2,485 SF

      87 Jarvis St

      APARTMENT HOUSE (5+ UNITS) • 2,485 SF
      87 Jarvis St, Perris, CA 92571-2878
      View Details
    • Value Estimation by Request
      1,248 SF

      336 Rider St

      APARTMENT HOUSE (5+ UNITS) • 1,248 SF
      336 Rider St, Perris, CA 92571-4650
      View Details
    • Value Estimation
      $2,875,000
      20,539 SF

      650 Nuevo Rd

      APARTMENT HOUSE (5+ UNITS) • 20,539 SF
      650 Nuevo Rd, Perris, CA 92571-4124
      View Details
    • Value Estimation
      $2,260,000
      11,424 SF

      290 Wilson Ave

      APARTMENT HOUSE (100+ UNITS) • 11,424 SF
      290 Wilson Ave, Perris, CA 92571-3014
      View Details
    • Value Estimation
      $8,200,000
      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

    • $1,250,000
      5,895 SF

      Perris Multifamily Property with Development Potential

      1.1 acre lot with 5 units, pool, and development potential.
      4439 Wade Ave, Perris, CA 92571
      View Details
    • $1,250,000

      Light-Industrial Zoned Multifamily Property

      1.1-acre light-industrial zoned parcel with five existing units.
      4439 Wade Ave, Perris, CA 92571
      View Details
    • Contact for pricing
      40,511 SF

      Land Approved for Tire Facility

      40,511 SF land with approved plans for industrial building.
      187 Commerce Dr, Perris, CA 92571
      View Details
    • New
      Contact for pricing
      254,736 SF

      Industrial Building with Deluxe Office

      Industrial building featuring a deluxe office area and secured truck court.
      3045 Redlands Ave, Perris, CA 92571
      View Details
    • $1,999,000
      5,616 SF

      Perris Industrial Warehouse with Offices

      Industrial warehouse with offices, fenced yard, and included furnishings.
      3456 Webster Ave, Perris, CA 92571
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      Harley Knox Blvd & Heacock St, Perris, CA 92571
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Perris Industrial Single Tenant Space

      Industrial single tenant space available for rent in Perris.
      212 W Markham St, Perris, CA 92571
      View Details
    • Contact for pricing
      154,559 SF

      New LEED Silver Warehouse

      Newly constructed industrial building with truck court and dock doors.
      3175 Wilson Ave, Perris, CA 92571
      View Details
    • Contact for pricing
      579,708 SF

      Perris Industrial Building For Rent

      Industrial building with office space and multiple loading docks.
      3900 Indian Ave, Perris, CA 92571
      View Details
    • Contact for pricing
      435,600 SF

      Perris Land for Lease

      2-10 acres of secured land available for truck/trailer storage.
      2 Sinclair St, Perris, CA 92571
      View Details
    • Contact for pricing

      Perris Distribution/Industrial Property Available

      Distribution and industrial property available for lease in Perris, CA.
      Ramona Expy. & Webster Ave, Perris, CA 92571
      View Details
    • Contact for pricing
      354,810 SF

      Perris Distribution Warehouse Available

      354,810 SF distribution warehouse with 3,010 SF office.
      251 E Rider St, Perris, CA 92571
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    180 Jarvis St
    Perris, CA 92571-2868
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!