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Property profile & analytics
OFF-MARKET
Estimated value
$13,040,000
Office buildings
201 Redlands Ave Perris, CA 92571-2600
Individually Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5109998
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2014
Construction
TILT-UP CONCRETE
Total area
50,000 SF
Lot
5.36 ac (233,481 SF)
Zoning code
CC
APN
311-210-034
UPID
US09-5109998
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
-
Riverside County Department of Public Social Services Department Of Social Services
-
Perris DPSS Association / Organization
-
Naresh G Patel Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.89M
Comparable Approach
Comparable
$14.74M
Blend (final)
Blend
$13.04M
Owner & transaction history
Isaac Alchalel · 11 yrs held
Isaac Alchalel
since 2015
7 recorded transactions
Zoning & alternative use
CC · Perris, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$21.6M
+58.9%
Medical building
$13.7M
+0.6%
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%
$13,965,000
6.5%
$12,890,000
7%
$11,970,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$13,590,000
Current use
AUTO REPAIR, GARAGE
$21,590,000
Change: +59% · Conversion: Difficult
MEDICAL BUILDING
$13,670,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$13.04M
Range $11.74M – $14.34M · ±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
$261 / 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
$192,794
Tax year 2024
Assessed value
$14,257,242
Assessed 2024
Previous assessed
$14,257,242
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$2,945,709
Assessed improvement
$11,311,533
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2014
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
50,000 SF
Lot
5.36 ac (233,481 SF)
Zoning code
CC
APN
311-210-034
UPID
US09-5109998
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$13.6M
AUTO REPAIR, GARAGE
Est. value
$21.6M
MEDICAL BUILDING
Est. value
$13.7M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2014
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
5.36 ac
Current owner
From public records · entity-resolved
Isaac Alchalel
Individual
Mailing address
12631 IMPERIAL HWYF-232-1, SANTA FE SPGS, CA 90670-4710
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2026
—
Alchael Real Estate Investment Trus
—
Deed
related
$8,850,000 · East West Bank
Dec 30, 2025
—
Alchalel Real Estate Investment Tru
—
Deed
related
$8,850,000 · East West Bank
Sep 30, 2019
—
Alchalel,r & E Inv Trust
—
Deed
related
$9,250,000 · East West Invs
Apr 17, 2018
—
Alchalel Real Estate Inv Trust
—
Deed
related
—
Jan 15, 2015
$12,100,000
Isaac Alchalel
R B Johnson Investments LLC
Grant Deed
$8,500,000 · East West Bank
Jan 2, 2015
—
Cp Perris Dpss LLC
Rb Johnson Investments LLC
Grant Deed
—
—
—
Alchalel,r & E Inv Trust
—
Deed Of Trust
related
$9,250,000 · East West Invs
—
—
Alchalel Real Estate Inv Trust
—
Loan Modification
related
—
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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