Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    21160 Box Spgs Rd Moreno Valley, CA 92557-8706
    Back to Search
    Property profile & analytics

    21160 Box Spgs Rd, Moreno Valley, CA 92557-8706

    View on Map
    • Office buildings
    • 7,200 SF
    • 4.66 lot acres
    Off-Market
    Property ID
    US09-2915080
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $835,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 21160 Box Spgs Rd

    Year built
    1968
    Construction
    TILT-UP CONCRETE
    Lot size
    4.66 lot acres
    Zone code
    A1
    Property type
    Office buildings
    APN
    256-200-002
    APU
    256200002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 29, 2025 $5,000,000 Wpg Iegc Property LLC Riverside County Farm Bureau Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,144,000
      Market price range: $1.14M - $3.47M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Moreno Valley
    County
    Riverside
    State
    California
    Longitude
    -117.294
    Latitude
    33.9475
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,388
    $50,326
    $267,154
    $317,480
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      12125 Day St Ste E301

      OFFICE BUILDING
      12125 Day St Ste E301, Moreno Valley, CA 92557-6704
      View Details
    • Value Estimation by Request
      992 SF

      23180 Hemlock Ave

      OFFICE BUILDING
      23180 Hemlock Ave, Moreno Valley, CA 92557-8001
      View Details
    • Value Estimation
      $3,970,000
      27,408 SF

      21250 Box Spgs Rd Ste, Unit 212

      OFFICE BUILDING
      21250 Box Spgs Rd Ste, Moreno Valley, CA 92557-8712
      View Details
    • Value Estimation by Request
      0.61 Acres

      24318 Hemlock Ave Ste A5

      OFFICE BUILDING
      24318 Hemlock Ave Ste A5, Moreno Valley, CA 92557-7223
      View Details
    • Value Estimation by Request

      12220 Pigeon Pass Rd, Unit VXY

      OFFICE BUILDING
      12220 Pigeon Pass Rd, Moreno Valley, CA 92557-6903
      View Details
    • Value Estimation
      $2,665,000
      11,126 SF

      12199 Heacock St

      OFFICE BUILDING
      12199 Heacock St, Moreno Valley, CA 92557-7107
      View Details

    Similar Nearby for Sale

    • $5,000,000

      4-Acre Commercial Development Opportunity

      Expansive commercial property suitable for retail, office, or mixed-use development.
      12125 Day St, Moreno Valley, CA 92557
      View Details
    • Contact for pricing
      6,440 SF

      Moreno Valley Retail Investment Property

      Fully occupied, NNN leased retail property in Moreno Valley, CA.
      12252 Perris Blvd, Moreno Valley, CA 92557
      View Details
    • Contact for pricing

      Retail Buildings in Moreno Valley

      Retail buildings totaling 17,183 SF on 1.54 acres.
      12280 Perris Blvd, Moreno Valley, CA 92557
      View Details
    • $500,000

      Land For Sale

      Land available for sale in Moreno Valley, California.
      1 Cantarini Rd, Moreno Valley, CA 92557
      View Details
    • $585,000
      77,101.00 Acres

      Moreno Valley Infill Lot

      1.77 acre infill lot in prime Moreno Valley location.
      25001 Kalmia Ave, Moreno Valley, CA 92557
      View Details
    • Contact for pricing
      79,987 SF

      Retail Center in Moreno Valley

      Neighborhood shopping center with value-add potential in Moreno Valley.
      23571-23579 Sunnymead Ranch Pkwy, Moreno Valley, CA 92557
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail or Office Suites Available

      Well-maintained retail/office suites with flexible workspace in Moreno Valley.
      12199 Heacock St, Moreno Valley, CA 92557
      View Details
    • Contact for pricing

      Prime Land with Freeway Frontage

      30-acre commercial land with high visibility and accessibility.
      24318 Hemlock Ave, Moreno Valley, CA 92557
      View Details
    • $15,876 /Mo
      7,056 SF

      Moreno Valley Commercial/R5 Zoned Property

      Commercial property suitable for daycare, assisted living, or medical facilities.
      24693 Ironwood Ave, Moreno Valley, CA 92557
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail property available for lease in Moreno Valley, CA.
      12125 Day St, Moreno Valley, CA 92557
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    21160 Box Spgs Rd
    Moreno Valley, CA 92557-8706
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    21160 Box Spgs Rd, Moreno Valley, CA, 92557
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!