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Property profile & analytics
OFF-MARKET
Estimated value
$6,695,000
Manufacturing properties
22770 Perry St Perris, CA 92570-9725
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0972392
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1991
Total area
22,500 SF
Lot
4.2 ac (182,952 SF)
Zoning code
R1
APN
314-091-006
UPID
US09-0972392
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
-
California Composite Container Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.99M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.29M
Blend (final)
Blend
$6.70M
Owner & transaction history
Srcc Qualified Opportunity Zone Bus · 3 yrs held
Srcc Qualified Opportunity Zone Bus
since 2023
Last sale
$6.4M
2 recorded transactions
Zoning & alternative use
R1 · Perris, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.7M
+105.8%
Medical building
$6.2M
+30.3%
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
$7,005,000
ML approach
$6,985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,720,000
Current use
AUTO REPAIR, GARAGE
$9,715,000
Change: +106% · Conversion: Easy
MEDICAL BUILDING
$6,150,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$6.70M
Range $6.03M – $7.36M · ±10% · vs last sale $6.40M (Mar 6 2023)
Last sale anchor
$6.40M
Mar 6 2023
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
$298 / 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
$73,332
Tax year 2024
Assessed value
$6,528,000
Assessed 2024
Previous assessed
$6,528,000
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$4,569,600
Assessed improvement
$1,958,400
Applied tax rate
98.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1991
Heating
NONE
Stories
1
Total area
22,500 SF
Lot
4.2 ac (182,952 SF)
Zoning code
R1
APN
314-091-006
UPID
US09-0972392
Jurisdiction
RIVERSIDE
Zoning & alternative use
R1 · Perris, CA
Zoning R1 · permitted uses
R1 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$9.7M
MEDICAL BUILDING
Est. value
$6.2M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
Heating
NONE
Stories
1
Lot
4.2 ac
Current owner
From public records · entity-resolved
Srcc Qualified Opportunity Zone Bus
Individual
Free & Clear · 3 yrs held
Mailing address
3410 LA SIERRA AVEF497, RIVERSIDE, CA 92503-5270
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2023
$6,400,000
Srcc Qualified Opportunity Zone Bus
Jerry G Martin
Grant Deed
—
Apr 20, 2022
—
Faustine V Hull
Richard B Hull
Affidavit Of Death Of Joint Tenant
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.
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