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    1810 Mtn Ave Norco, CA 92860-2863
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    Property profile & analytics

    1810 Mtn Ave Norco, CA 92860-2863

    View on Map
    • Manufacturing properties
    • 64,631 SF
    Off-Market
    Property ID
    US09-3566365
    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.
    Value Estimations
    $9,680,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 1810 Mtn Ave

    Year built
    2021
    Construction
    TILT-UP CONCRETE
    Property size
    64,631 SF
    Property type
    Manufacturing properties
    APN
    126-260-015
    APU
    126260015

    Description

    This exceptional 64,631-square-foot warehouse, situated within the prestigious Cap Rock Palomino Business Park in Norco, California, presents a remarkable leasing opportunity. Built in 2023, this state-of-the-art industrial space boasts a 32-foot ceiling height, providing ample vertical storage capacity. The property features five dock-high doors and one loading dock, ensuring efficient loading and unloading operations. Ample parking is available with 41 spaces designated for the building. The warehouse is currently entirely vacant, offering immediate occupancy for a single tenant. The 1.72-acre lot provides excellent maneuverability and potential for future expansion. Power is robust, with a 1,600-amp panel expandable to 2,400 amps, accommodating diverse operational needs. Located at 1810 Mountain Ave, Norco, CA 92860, this property offers easy access to major transportation arteries, making it an ideal location for distribution and warehousing operations within Riverside County. The property is classified as industrial, with subtypes including warehouse, distribution, and business. This is a multi-tenant building, but the entire space is currently available for lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,845,000
      6.5%
      $8,165,000
      7%
      $7,580,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $8,650,000
      Market price range: $1.84M - $10.7M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $14,415,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Norco
    County
    Riverside
    State
    California
    Longitude
    -117.569
    Latitude
    33.9079
    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
    $230,576
    $658,108
    $20,097,672
    $20,755,780
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      22,500 SF

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      640 Parkridge Ave

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    • Value Estimation
      $960,000
      7,675 SF

      2025 Tandem

      MANUFACTURING (LIGHT) • 7,675 SF
      2025 Tandem, Norco, CA 92860-3610
      View Details
    • Value Estimation
      $1,175,000
      9,600 SF

      1805 Commerce St

      MANUFACTURING (LIGHT) • 9,600 SF
      1805 Commerce St, Norco, CA 92860-2954
      View Details
    • Value Estimation by Request
      0.82 Acres

      Norco, CA 92860

      MANUFACTURING (LIGHT) • 0.82 Acres
      Norco, CA 92860
      View Details
    • Value Estimation
      $1,160,000
      13,500 SF

      1600 Industrial Ave

      MANUFACTURING (LIGHT) • 13,500 SF
      1600 Industrial Ave, Norco, CA 92860-2947
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Norco Warehouse with ESFR Sprinklers

      80,961 sq ft warehouse with below market lease rate.
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      Norco Freestanding Building For Sale

      Freestanding building with office, yard, and expandable power.
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      Industrial Space in Norco Business Park

      87,930 sq ft industrial space with below market lease.
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      Norco Commercial Land For Sale

      8.87 acres of commercial land in Norco, California.
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      Commercial Lot in High-Traffic Area

      Commercial lot with utilities in high-visibility Norco location.
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      Equestrian Property in Horsetown USA

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    Similar Nearby for Lease

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      Norco Flex Space Available

      Multi-tenant building with office space and ground level loading.
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      View Details
    • Contact for pricing

      Industrial Property in Norco, CA

      Industrial property located in Norco, California, currently 100% leased.
      1870 Town And Country Dr, Norco, CA 92860
      View Details
    • $0.99 SF/Yr
      159,517 SF

      Industrial Building in Palomino Ranch

      Freestanding industrial building featuring two-story office space and multiple loading doors.
      1740 Mountain Ave, Norco, CA 92860
      View Details
    • $0.99 SF/Yr

      Norco Warehouse Space Available

      72,245 sqft warehouse space for lease in Norco.
      1860 Mountain Ave, Norco, CA 92860
      View Details
    • Contact for pricing

      Industrial Building Planned for Rent

      Planned industrial building with 121,343 square feet for rent.
      2nd St. & Mtn Ave, Norco, CA 92860
      View Details
    • Contact for pricing

      Norco Office and Industrial Space

      Office and industrial spaces available for lease in Norco.
      1600-1674 Industrial Ave, Norco, CA 92860
      View Details
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    Norco, CA 92860-2863
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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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