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Property profile & analytics
FOR LEASE
Warehouses
22705 Newhope St Moreno Valley, CA 92553
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5270724
For Lease
$40,895,000
22705 Newhope St, Moreno Valley, CA 92553
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2015
Construction
TILT-UP CONCRETE
Total area
366,698 SF
Lot
16.03 ac (698,266 SF)
Zoning code
LI
APN
297-140-056
UPID
US09-5270724
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
-
Skechers Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$27.77M
Blend (final)
Blend
$40.90M
Owner & transaction history
Siv Newhope LLC · 6 yrs held
Siv Newhope LLC
since 2019
4 recorded transactions
Zoning & alternative use
LI · Moreno Valley, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$40.90M
Range $36.81M – $44.98M · ±10%
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
$112 / 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
$528,751
Tax year 2024
Assessed value
$47,030,710
Assessed 2024
Previous assessed
$47,030,710
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$6,738,789
Assessed improvement
$40,291,921
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
2015
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
366,698 SF
Lot
16.03 ac (698,266 SF)
Zoning code
LI
APN
297-140-056
UPID
US09-5270724
Jurisdiction
RIVERSIDE
Zoning & alternative use
LI · Moreno Valley, CA
Zoning LI · permitted uses
LI · 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.
Building & site characteristics
From public records
Year built
2015
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
16.03 ac
Current owner
From public records · entity-resolved
Siv Newhope LLC
Entity
Mailing address
4 EMBARCADERO CTR STE #3300, SAN FRANCISCO, CA 94111-4184
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
May 2, 2022
—
Siv Newhope LLC
—
Deed
related
$504,500,000 · Kref Capital LLC
Aug 12, 2019
$43,725,500
Siv Newhope LLC
Westcore II Newhope LLC
Grant Deed
$300,000,000 · Miscellaneous Ins Co
Feb 22, 2018
—
Westcore II Newhope LLC
—
Grant Deed
related
$100,000,000 · Prlap
Aug 24, 2017
$30,960,000
Westcore II Newhope LLC
J W Mitchell Co
Grant Deed
$25,000,000 · Bank Of America
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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