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Property profile & analytics
FOR LEASE
Retail properties & Spaces
22560 Town Cir, Moreno Valley, CA 92553
Entity Owned
5-yr Hold
Free & Clear
Property ID
US09-3375760
For Lease
1 / 10
$5 SF/Yr
22560 Town Cir, Moreno Valley, CA 92553
View Listing →
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1991
Construction
TILT-UP CONCRETE
Total area
16,704 SF
Lot
10.51 ac (457,815 SF)
Zoning code
R1
APN
291-110-035
UPID
US09-3375760
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
-
Jumpin'nJammin High School Daycare Center
-
Sketchers shoe store Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
Mega Brown Box Discount Store
-
Your Furniture Place Furniture & Home Goods Home Decor Store
-
COVID-19 Vaccine Location-Moreno Valley Mall Medical Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.35M
Blend (final)
Blend
$6.84M
Owner & transaction history
Milbank R & E Investments LLC · 5 yrs held
Milbank R & E Investments LLC
since 2020
Last sale
$6.7M
4 recorded transactions
Zoning & alternative use
R1 · Moreno Valley, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.4M
+118.0%
Apartment house (5+ units)
$10.0M
+109.8%
Auto repair, garage
$7.2M
+51.6%
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 Moreno Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Moreno Valley 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$4,755,000
Current use
RESTAURANT
$10,370,000
Change: +118% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$9,980,000
Change: +110% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,210,000
Change: +52% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,010,000
Change: +5% · Conversion: Moderate
WAREHOUSE, STORAGE
$4,935,000
Change: +4% · Conversion: Difficult
MEDICAL BUILDING
$4,565,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$6.84M
Range $6.16M – $7.52M · ±10% · vs last sale $6.73M (Oct 8 2020)
Last sale anchor
$6.73M
Oct 8 2020
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
$409 / 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
$109,259
Tax year 2024
Assessed value
$8,914,146
Assessed 2024
Previous assessed
$8,914,146
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$3,926,469
Assessed improvement
$4,987,677
Applied tax rate
21.0000
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
For Lease
Year built
1991
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
16,704 SF
Lot
10.51 ac (457,815 SF)
Zoning code
R1
APN
291-110-035
UPID
US09-3375760
Jurisdiction
RIVERSIDE
Zoning & alternative use
R1 · Moreno Valley, CA
Zoning R1 · permitted uses
R1 · Moreno Valley, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Moreno Valley. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.8M
RESTAURANT
Est. value
$10.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.0M
AUTO REPAIR, GARAGE
Est. value
$7.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.0M
WAREHOUSE, STORAGE
Est. value
$4.9M
MEDICAL BUILDING
Est. value
$4.6M
RETAIL STORES Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1991
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
10.51 ac
Current owner
From public records · entity-resolved
Milbank R & E Investments LLC
Entity
Free & Clear · 5 yrs held
Mailing address
22550 TOWN CIR #1206, MORENO VALLEY, CA 92553-7502
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2020
$6,725,000
Milbank R & E Investments LLC
Seritage Src Finance LLC
Grant Deed
—
Dec 5, 2019
—
Seritage Src Finance LLC
—
Grant Deed
related
$2,000,000,000 · Berkshire Hathaway Life Ins Co
Jul 13, 2015
—
Seritage Src Finance LLC
Sears Roebuck & Co
Grant Deed
—
Jul 19, 1993
—
Community Redevelopment Agency
Towngate Regiona
Grant Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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