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Property profile & analytics
OFF-MARKET
Estimated value
$1,970,000
Retail space
1870 Perris Blvd Perris, CA 92571-2718
Trust Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5428785
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2017
Construction
WOOD
Total area
9,974 SF
Lot
1.05 ac (45,738 SF)
Zoning code
CC
APN
305-210-041
UPID
US09-5428785
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
-
WaBa Grill Restaurant
-
Poki Poki and Boba Tea - Perris Bar & Pub
-
Walmart Gas Station Gas Station
-
Yogurtland Perris Cafe & Coffee Shop Take-out & Catering
-
Pieology Pizzeria Perris Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.20M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.97M
Owner & transaction history
Lee,sang C & Nam J Family Trust · 8 yrs held
Lee,sang C & Nam J Family Trust
since 2017
1 recorded transaction
Zoning & alternative use
CC · Perris, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The CC Zone is to provide for retail, professional office, and service oriented business activities which serve the entire city.
Zone name
Commercial Community
General category
COMMERCIAL
Zone area
816.94 ac
Source
Realmo
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%
$2,385,000
6.5%
$2,200,000
7%
$2,040,000
Blend value · Realmo final
$1.97M
Range $1.77M – $2.17M · ±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
$198 / 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
$102,359
Tax year 2024
Assessed value
$8,561,604
Assessed 2024
Previous assessed
$8,561,604
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,020,698
Assessed improvement
$7,540,906
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
9,974 SF
Lot
1.05 ac (45,738 SF)
Zoning code
CC
APN
305-210-041
UPID
US09-5428785
Jurisdiction
RIVERSIDE
Zoning & alternative use
CC · Perris, CAZoning CC · permitted uses
CC · Perris, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The CC Zone is to provide for retail, professional office, and service oriented business activities which serve the entire city.
Zone name
Commercial Community
General category
COMMERCIAL
Zone area
816.94 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2017
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
Lee,sang C & Nam J Family Trust
Trust
Mailing address
3846 MALAGA ST, CORONA, CA 92882-8312
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2017
$7,675,000
Lee,sang C & Nam J Family Trust
Evergreen Trachman-citrus & Pe
Trustees Deed
$2,750,000 · Bank Of Hope
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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