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Property profile & analytics
OFF-MARKET
Estimated value
$1,555,000
Retail space
1850 Perris Blvd Perris, CA 92571-2721
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5274301
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2017
Construction
WOOD
Total area
7,565 SF
Lot
0.94 ac (40,946 SF)
Zoning code
CC
APN
305-210-033
UPID
US09-5274301
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
Current use
Occupant on record · Public records
-
Perris Market Place Walmart Department Store
-
America's Best Contacts & Eyeglasses (Bike/Boat/Book/etc) Store
-
Pete Peterson - State Farm Insurance Agent Insurance Agency
-
Dr. Michelle Esmaeili Physician
-
Gary Huang Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.67M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.56M
Owner & transaction history
Proodos Properties INC · 1 yrs held
Proodos Properties INC
since 2024
7 recorded transactions
Zoning & alternative use
CC · Perris, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Perris submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Perris 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%
$1,805,000
6.5%
$1,670,000
7%
$1,550,000
Blend value · Realmo final
$1.56M
Range $1.40M – $1.71M · ±10%
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
$206 / 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
$86,945
Tax year 2024
Assessed value
$7,250,871
Assessed 2024
Previous assessed
$7,250,871
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$914,724
Assessed improvement
$6,336,147
Applied tax rate
8.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2017
Construction
WOOD
Heating
NONE
Stories
1
Total area
7,565 SF
Lot
0.94 ac (40,946 SF)
Zoning code
CC
APN
305-210-033
UPID
US09-5274301
Jurisdiction
RIVERSIDE
Zoning & alternative use
CC · Perris, CA
Zoning CC · permitted uses
CC · Perris, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Perris. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2017
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
Proodos Properties INC
Entity
Mailing address
2525 FORDYCE RD, OJAI, CA 93023-9630
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2024
—
Proodos Properties INC
Yiayia LLC
Quit Claim Deed
related
$1,100,000 · American First Cu
Feb 7, 2020
—
Pappou LLC
—
Deed
related
$5,200,000 · Morgan Stanley Private Bank NA
Dec 10, 2019
—
Yiayia LLC
Proodos Properties INC
Grant Deed
—
Dec 12, 2018
—
Lapadakis,d T & Benton C Trust
Lapadakis,dean T
Affidavit Of Death
related
—
Oct 30, 2018
—
T & M Trust
Lapadakis,martha A
Affidavit Of Death
related
—
Aug 31, 2017
$6,500,000
Proodos Properties INC
Evergreen Trachman-citrus & Pe
Grant Deed
—
May 12, 2016
$1,114,500
Evergreen Trachman-citrus & Pe
Wal-mart Stores INC
Grant Deed
$13,750,000 · Bankers Tr
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.
Try Rey
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