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Property profile & analytics
FOR LEASE
Warehouses
212 Markham St Perris, CA 92571
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-4999736
For Lease
1 / 12
$16,605,000
212 Markham St, Perris, CA 92571
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Property summary
AI-generated overview
This exceptional 80,527-square-foot warehouse located at 212 W Markham St, Perris, CA 92571, presents a significant opportunity for a single tenant. The property boasts a substantial 30-foot ceiling height, providing ample vertical space for storage or operations. Tenants will benefit from 10 dock-high doors for efficient loading and unloading. The warehouse is fully vacant and ready for immediate occupancy. The minimum divisible space is 28,764 square feet, while the maximum contiguous space available is 51,763 square feet, offering flexibility for various business needs. Power is robust, featuring 1200 Amps of Power (480/277 V) and a 2500 AMP UGPS. The property is zoned for Light Industrial use, making it suitable for a wide range of industrial applications. This prime location in Perris, California offers easy access to major transportation routes, ensuring seamless logistics and distribution. The property's size, features, and location combine to create an unparalleled opportunity for a business seeking a substantial and efficient warehouse space. Contact us today to schedule a viewing.
Property profile
Verified
Property type
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Global warehouse Warehouse & Storage
-
Mcintyre HVAC Services Big Box & Wholesale Store Building Supply
-
FlexiSpot Big Box & Wholesale Store Discount Store
-
Loctek, Inc. Furniture & Home Goods
-
ShipJoy 3PL Warehouse & Fulfillment Perris Logistics Company Freight Service
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
Dg Markham Property Owner LP · 4 yrs held
Dg Markham Property Owner LP
since 2021
Last sale
$17.3M
7 recorded transactions
Zoning & alternative use
BP · Perris, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$22.5M
+51.7%
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
$20,120,000
ML approach
$11,120,000
CAP Approach
CAP Return
Estimation
6%
$13,650,000
6.5%
$12,600,000
7%
$11,700,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$14,800,000
Current use
MEDICAL BUILDING
$22,455,000
Change: +52% · Conversion: Difficult
Blend value · Realmo final
$16.61M
Range $14.94M – $18.27M · ±10% · vs last sale $17.31M (Oct 20 2021)
Last sale anchor
$17.31M
Oct 20 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
$202 / 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
$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
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
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, CA
Zoning BP · permitted uses
BP · 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
WAREHOUSE, STORAGE Current
Est. value
$14.8M
MEDICAL BUILDING
Est. value
$22.5M
WAREHOUSE, STORAGE Current
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
2019
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
4.1 ac
Current owner
From public records · entity-resolved
Dg Markham Property Owner LP
Entity
Mailing address
17304 PRESTON RD STE #550, DALLAS, TX 75252-5625
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2024
—
Dg Markham Property Owner LP
—
Deed
related
$344,500,000 · German American Capital Corp
Oct 20, 2021
$17,313,000
Dg Markham Property Owner LP
212 Markham Lcl
Grant Deed
$59,990,000 · Forethought Life Insurance Company
Jul 31, 2020
$11,600,500
212 Markham LLC
Markham Jp/ara LLC
Grant Deed
—
Sep 26, 2018
—
Markham Jp & Ara LLC
—
Trustees Deed
related
$8,550,000 · Southern Ca Ibew-neca Pension
Jul 25, 2018
—
Markham Jp Of Ara LLC
Phelan Props LLC
Grant Deed
—
Sep 6, 2016
$675,000
Phelan Equity LLC
Idi Services Group LLC
Grant Deed
—
Jun 8, 2016
—
Idi Services Group LLC
Industrial Devs International
Grant Deed
—
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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