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Property profile & analytics
FOR LEASE
Medical Office Space
1901 Town And Country Dr Norco, CA 92860
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-3204158
For Lease
1 / 5
Contact for pricing
1901 Town And Country Dr, Norco, CA 92860
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Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Construction
TILT-UP CONCRETE
Total area
16,070 SF
Lot
1.62 ac (70,567 SF)
Zoning code
R106
APN
129-230-054
UPID
US09-3204158
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
-
DaVita Norco Dialysis Medical Clinic
-
Dr. Robert G. Nelson, MD Pediatrician Physician
-
Infinity Clinical Research Research And Product Development
-
Brigid Riordan Physician
-
Dr. Joyce P. Lazarus, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.52M
Comparable Approach
Comparable
$3.61M
Blend (final)
Blend
$3.32M
Owner & transaction history
Avansco LLC · 7 yrs held
Avansco LLC
since 2019
7 recorded transactions
Zoning & alternative use
R106 · Norco, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$4.8M
+8.1%
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 Norco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norco 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%
$2,725,000
6.5%
$2,515,000
7%
$2,335,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,395,000
Current use
WAREHOUSE, STORAGE
$4,750,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$3.32M
Range $2.98M – $3.65M · ±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
$76,060
Tax year 2024
Assessed value
$6,835,286
Assessed 2024
Previous assessed
$6,835,286
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,367,057
Assessed improvement
$5,468,229
Applied tax rate
15.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2006
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
16,070 SF
Lot
1.62 ac (70,567 SF)
Zoning code
R106
APN
129-230-054
UPID
US09-3204158
Jurisdiction
RIVERSIDE
Zoning & alternative use
R106 · Norco, CAZoning R106 · permitted uses
R106 · Norco, CA
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
MEDICAL BUILDING Current
Est. value
$4.4M
WAREHOUSE, STORAGE
Est. value
$4.8M
MEDICAL BUILDING Current
WAREHOUSE, STORAGE
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
2006
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
1.62 ac
Current owner
From public records · entity-resolved
Avansco LLC
Entity
Mailing address
PO BOX 126, PALOS VERDES ESTATES, CA 90274-0126
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2019
$6,250,000
Avansco LLC
Norco Medical Properties LLC
Grant Deed
$3,250,000 · Malaga Bank Fsb
Dec 19, 2005
—
City Of Norco
Norco Medical Property LLC
Quit Claim Deed
related
—
Dec 20, 2004
—
Norco Medical Properties LLC
—
Trustees Deed
related
$2,347,500 · Citizens Business Bank
Oct 23, 2002
$415,000
Norco Medical LLC
Korda,robert & Rosina
Grant Deed
—
Jan 11, 2001
$2,106,000
Robert Korda
Professors Fund IV LLC
Grant Deed
$1,425,000 · Us Bank NA
Sep 26, 1997
—
Professors Fund IV LLC
—
Deed Of Trust
related
$1,500,000 · Allen Trust
Jul 15, 1997
$2,625,000
Professors Fund IV LLC
Property Asset Management INC
Grant Deed
related
—
Jul 6, 1994
$3,250,000
Propety Asset Management INC
French Trust
Trustees Deed
related
—
Mar 1, 1989
$4,700,000
Dennis D French
Tmc Exchange Ser
Grant Deed
$3,500,000 · Union Bank
—
—
Norco Medical Properties LLC
—
Deed Of Trust
related
$76,455 · Citizens Business Bank
—
—
Norco Medical Properties LLC
—
Deed Of Trust
related
$176,045 · Citizens 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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