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212 Markham St, Perris, CA 92571
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Property summary
AI-generated overview
The property is a freestanding industrial building totaling 80,527 square feet, including approximately 2,262 square feet of two-story office space. It has ESFR fire protection and dock-high doors with fans, lights, and Z-guards, including seven doors with pit levelers. The building is served by electrical capacity of 1,200 Amps at 480/277 V and includes a 2,500 AMP UGPS. Warehouse clear height is approximately 30 feet, and the site includes a secured truck court. The facility is illuminated with LED lighting and has convenient access to the 215 Freeway, with corporate neighbors in the surrounding area.
Property profile
Verified
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Year built
2019
Construction
TILT-UP CONCRETE
Total area
82,147 SF
Lot
4.1 ac (178,595 SF)
Zoning code
BP
APN
302-080-034
UPID
US09-4999736
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Warehouse & Storage
-
Big Box & Wholesale Store Building Supply
-
Big Box & Wholesale Store Discount Store
-
Furniture & Home Goods
-
Logistics Company Freight Service
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.12M
CAP Approach
CAP
$12.60M
Comparable Approach
Comparable
$21.15M
Blend (final)
Blend
$16.61M
Owner & transaction history
since 2021
Last sale
$17.3M
7 recorded transactions
Zoning & alternative use
BP · Perris, CA
Zoning description
This zone is provided for uses generally served by arterial roadways and freeways. They include business/professional offices, storage, light manufacturing, warehousing/distribution, wholesaling, large-scale warehouse, r…
General category
INDUSTRIAL
Top alternative use upside
Medical building
$22.5M
+51.7%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$16.61M
Value range
$14.94M – $18.27M
±10% around blend
Estimated value / SF
$202 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$14.94M
blend $16.61M
$18.27M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
82,147 SF
Lot area
4.1 ac
Year built
2019
Stories
1
APN
302-080-034
Zoning
BP
Assessed value
$18,012,445
Annual tax
$217,618
3
Income approach: direct capitalization
Partial preview
Income approach indication
$12.60M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$13.65M
@ 6.5% CAP return
$12.60M
@ 7% CAP return
$11.70M
4
Sales comparison
Partial preview
Sales approach indication
$21.15M
Range $3.61M – $23.66M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$16.61M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 21 sales
$180
+12%
County 354 sales
$295
-32%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $202/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+52%
vs current-use indication
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
4.10%
Implied, in-place cap rate for this other warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.10%
9.0%
NOI (est.)
$1.21M *
Last sale · Oct 2021
$17.31M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$29.56M
Move the market yield to see immediate price impact.
Value / SF
$360
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.60%4.10%4.60%
$1.09M
$30.30M
$26.60M
$23.71M
$1.21M
$33.66M
$29.56M
$26.35M
$1.33M
$37.03M
$32.51M
$28.98M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$217,618
Tax year 2024
Assessed value
$18,012,445
Assessed 2024
Previous assessed
$18,012,445
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$2,413,728
Assessed improvement
$15,598,717
Applied tax rate
8.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
2019
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
82,147 SF
Lot
4.1 ac (178,595 SF)
Zoning code
BP
APN
302-080-034
UPID
US09-4999736
Jurisdiction
RIVERSIDE
Zoning & alternative use
BP · Perris, CAZoning BP · permitted uses
BP · Perris, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
This zone is provided for uses generally served by arterial roadways and freeways. They include business/professional offices, storage, light manufacturing, warehousing/distribution, wholesaling, large-scale warehouse, r…
General category
INDUSTRIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2019
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
4.1 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
BP
INDUSTRIAL
Jurisdiction
Perris, CA
Recorded code
BP
Official district
BP
Official district profile
What the municipal code says about BP
Zoning description
This zone is provided for uses generally served by arterial roadways and freeways. They include business/professional offices, storage, light manufacturing, warehousing/distribution, wholesaling, large-scale warehouse, r…
General category
INDUSTRIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for BP in Perris, CA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Cited sourceThe exact document the profile quotes
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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