21800 Van Buren Blvd 4 Riverside, CA 92518-1520
Entity Owned
Absentee Owner
~
Est. High Equity
Estimated value (blended)
$2.22M
Range $1.99M – $2.44M (±10%)
Property ID
US09-2115115
Property summary
AI-generated overview
This exceptional 8,980-square-foot industrial warehouse, built in 2020, is ideally situated in Riverside, CA, near March Air Reserve Base. The single-tenant property features a desirable "MU" zoning classification and boasts 18-foot high ceilings, providing ample space for various manufacturing or warehousing operations. Its strategic location offers easy access to major freeways, including the 215, 91, and 60, ensuring seamless transportation for employees, clients, and deliveries. The property is part of an industrial complex, providing ample on-site parking for convenience. The building's modern construction and spacious layout make it an attractive option for businesses seeking a functional and accessible location to support growth. This freestanding building presents a unique opportunity for businesses looking to establish or expand their operations in a prime Riverside location. The property's single-tenant occupancy simplifies management and offers a clear, straightforward investment opportunity. The APN is 294-701-005. This is a must-see for businesses seeking a versatile and well-connected industrial space.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2020
Construction
TILT-UP CONCRETE
Total area
8,980 SF
APN
294-701-005
UPID
US09-2115115
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
-
Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.77M
Comparable Approach
Comparable
$2.44M
Blend (final)
Blend
$2.22M
Owner & transaction history
since 2025
Last sale
$2.3M
2 recorded transactions
Zoning & alternative use
Top alternative use upside
Retail stores
$3.2M
+45.8%
Medical building
$2.6M
+19.8%
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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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 13 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$2.22M
Value range
$1.99M – $2.44M
±10% around blend
Estimated value / SF
$247 / SF
Confidence
High
13 county-verified comps
Property data
75
Market benchmarks
67
Comparable evidence
100
$1.99M
blend $2.22M
$2.44M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
8,980 SF
Year built
2020
Stories
1
APN
294-701-005
Assessed value
$1,697,932
Annual tax
$20,315
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.77M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.92M
@ 6.5% CAP return
$1.77M
@ 7% CAP return
$1.64M
4
Sales comparison
Partial preview
Sales approach indication
$2.71M
Weighted, 13 comps · high confidence
Evidence
13 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.2 mi away · 6,925 SF
7.3 mi away · 10,477 SF
9.3 mi away · 11,368 SF
11.0 mi away · 7,838 SF
12.9 mi away · 6,656 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.22M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 300 sales
$244
+1%
County 1211 sales
$223
+11%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $247/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+46%
vs current-use indication
Medical Building
Industrial (general) · 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
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
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.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 13 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.33M
Move the market yield to see immediate price impact.
Value / SF
$259
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
5.00%7.00%9.00%
$146k
$2.93M
$2.09M
$1.63M
$163k
$3.26M
$2.33M
$1.81M
$179k
$3.58M
$2.56M
$1.99M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
13 found
High confidence · county-verified
Closest comparable
$2.38M
1.6 mi · Sep 2025 · $267/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$20,315
Tax year 2024
Assessed value
$1,697,932
Assessed 2024
Previous assessed
$1,697,932
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$212,241
Assessed improvement
$1,485,691
Applied tax rate
80.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2020
Construction
TILT-UP CONCRETE
Stories
1
Total area
8,980 SF
APN
294-701-005
UPID
US09-2115115
Jurisdiction
RIVERSIDE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
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
2020
Construction
TILT-UP CONCRETE
Stories
1
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
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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.
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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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