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    Property profile & analytics

    2205 Fleetwood Dr Riverside, CA 92509-2410

    • Manufacturing properties
    • 9,532 SF
    • 4.19 lot acres
    OFF-MARKET
    Last Sale
    Apr 09, 2024
    Value Estimations
    $1,460,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1776196
    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.

    Current Use by Public Records

    • Thompson Engineering / General Contractor

    Property Details for 2205 Fleetwood Dr

    Year built
    1988
    Construction
    TILT-UP CONCRETE
    Lot size
    4.19 lot acres
    Property size
    9,532 SF
    Zone code
    M2
    Property type
    Manufacturing properties
    APN
    178-350-007
    APU
    178350007

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,035,000
      6.5%
      $1,875,000
      7%
      $1,745,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,062,000
      Market price range: $326k - $2.19M

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.377
    Latitude
    34.0165
    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
    $15,394
    $769,056
    $624,221
    $1,393,277
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      124.48 Acres

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      MANUFACTURING (LIGHT) • 124.48 Acres
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    • Value Estimation
      $590,000
      14.03 Acres

      1800 Rubidoux Blvd

      MANUFACTURING (LIGHT) • 14.03 Acres
      1800 Rubidoux Blvd, Riverside, CA 92509
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    • Value Estimation by Request

      5400 El Rivino Rd

      MANUFACTURING (LIGHT)
      5400 El Rivino Rd, Jurupa Valley, CA 92509
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    • Value Estimation by Request
      0.20 Acres

      3803 Campbell St

      MANUFACTURING (LIGHT) • 0.20 Acres
      3803 Campbell St, Riverside, CA 92509-2610
      View Details
    • Value Estimation
      $1,940,000
      8,000 SF

      1725 Agua Mansa Rd

      MANUFACTURING (LIGHT) • 8,000 SF
      1725 Agua Mansa Rd, Riverside, CA 92509-2401
      View Details
    • Value Estimation
      $9,225,000
      82,621 SF

      5425 Wilson St

      MANUFACTURING (LIGHT) • 82,621 SF
      5425 Wilson St, Jurupa Valley, CA 92509-2434
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      81,500 SF

      Free Standing Manufacturing Building

      81,500 SF manufacturing building with 30' clear height.
      2240 Fleetwood Dr, Riverside, CA 92509
      View Details
    • $2,356,475
      8,569 SF

      Free Standing Warehouse with Yard

      Freestanding warehouse building with fenced and paved yard for sale.
      2970 Rubidoux Blvd, Riverside, CA 92509
      View Details
    • $1,850,000
      4,791 SF

      Prime industrial investment opportunity

      Prime industrial investment opportunity
      1808 Container Cir, Riverside, CA 92509
      View Details
    • $2,350,000

      Distribution Warehouse with Cold Storage

      8,960 SF distribution warehouse with cold storage on 51,400 SF lot.
      8551 Mission Blvd, Jurupa Valley, CA 92509
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    • $1,700,000

      Jurupa Valley Commercial/Industrial Property

      1.52 acre commercial/industrial property with move-in ready office space.
      6315 Pedley Rd, Jurupa Valley, CA 92509
      View Details

    Similar Nearby for Lease

    • $1.21 SF/Yr
      1,200 SF

      Industrial Space in Riverside

      1,200 SF industrial space with one ground-level door.
      2501 Rubidoux Blvd, Riverside, CA 92509
      View Details
    • $1.03 SF/Yr
      6,804 SF

      Jurupa Valley Warehouse with Yard

      Warehouse with private fenced yard and direct freeway frontage.
      2908 Rubidoux Blvd, Jurupa Valley, CA 92509
      View Details
    • Contact for pricing
      210,004 SF

      Jurupa Valley Industrial Building

      210,004 SF industrial building with easy freeway access.
      6500 Usa, Jurupa Valley, CA 92509
      View Details
    • Contact for pricing
      1,000,177 SF

      Jurupa Valley Industrial Building

      1,000,177 SF industrial building with easy freeway access.
      6250 Jurupa Vly, Jurupa Valley, CA 92509
      View Details
    • Contact for pricing
      228,640 SF

      Rubidoux Industrial Land Opportunity

      17-Acre Site, Build-to-Suit Potential
      0 Rubidoux Blvd, Riverside, CA 92509
      View Details
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    2205 Fleetwood Dr
    Riverside, CA 92509-2410
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    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
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