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Property profile & analytics
OFF-MARKET
Estimated value
$9,115,000
Warehouses
1894 Caterpillar Ct Riverside, CA 92509-2020
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3247514
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2021
Construction
TILT-UP CONCRETE
Total area
41,661 SF
Lot
5.98 ac (260,488 SF)
APN
175-160-044
UPID
US09-3247514
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.05M
CAP Approach
CAP
$9.96M
Comparable Approach
Comparable
$10.46M
Blend (final)
Blend
$9.12M
Owner & transaction history
Western Pal LLC · 5 yrs held
Western Pal LLC
since 2021
Last sale
$7.3M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$13.9M
+19.6%
Industrial (general)
$12.2M
+4.5%
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 Riverside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverside 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
$10,715,000
ML approach
$9,045,000
CAP Approach
CAP Return
Estimation
6%
$10,795,000
6.5%
$9,960,000
7%
$9,250,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$11,645,000
Current use
RETAIL STORES
$13,930,000
Change: +20% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$12,165,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$9.12M
Range $8.20M – $10.03M · ±10% · vs last sale $7.25M (Feb 1 2021)
Last sale anchor
$7.25M
Feb 1 2021
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
$219 / 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
$87,782
Tax year 2024
Assessed value
$7,693,264
Assessed 2024
Previous assessed
$7,693,264
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$2,122,416
Assessed improvement
$5,570,848
Applied tax rate
28.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2021
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
41,661 SF
Lot
5.98 ac (260,488 SF)
APN
175-160-044
UPID
US09-3247514
Jurisdiction
RIVERSIDE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$11.6M
RETAIL STORES
Est. value
$13.9M
INDUSTRIAL (GENERAL)
Est. value
$12.2M
WAREHOUSE, STORAGE Current
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2021
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
5.98 ac
Current owner
From public records · entity-resolved
Western Pal LLC
Entity
Mailing address
2415 SAN RAMON VLY BLVD #4380, SAN RAMON, CA 94583-5381
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2021
$7,250,000
Western Pal LLC
Rubidoux Commercial Development INC
Grant Deed
—
Jul 22, 2019
—
Rubidoux Commercial Development INC
—
Deed
related
$13,800,000 · American Business Bank
Jun 9, 2016
—
Rubidoux Commercial Development INC
—
Deed
related
$3,985,000 · American Business Bank
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.
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