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Property profile & analytics
OFF-MARKET
Estimated value
$2,750,000
Turn key restaurants
23060 Alessandro Blvd Moreno Valley, CA 92553-9671
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3033424
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1990
Construction
WOOD
Total area
9,045 SF
Lot
0.51 ac (22,215 SF)
Zoning code
NC
APN
296-200-006
UPID
US09-3033424
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
-
Kalaveras Restaurant
-
P.H.Woods Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.69M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.18M
Blend (final)
Blend
$2.75M
Owner & transaction history
Solomon Chen Limited Liability Comp · 1 yrs held
Solomon Chen Limited Liability Comp
since 2025
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
NC · 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
$2,745,000
ML approach
$2,690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.75M
Range $2.48M – $3.03M · ±10% · vs last sale $2.79M (Aug 30 2022)
Last sale anchor
$2.79M
Aug 30 2022
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
$304 / 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
$31,945
Tax year 2024
Assessed value
$2,840,700
Assessed 2024
Previous assessed
$2,840,700
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$448,800
Assessed improvement
$2,391,900
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1990
Construction
WOOD
Heating
NONE
Stories
1
Total area
9,045 SF
Lot
0.51 ac (22,215 SF)
Zoning code
NC
APN
296-200-006
UPID
US09-3033424
Jurisdiction
RIVERSIDE
Zoning & alternative use
NC · Moreno Valley, CA
Zoning NC · permitted uses
NC · 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
1990
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
Solomon Chen Limited Liability Comp
Individual
Free & Clear · 1 yrs held
Mailing address
1211 THOROUGHBRED LN, NORCO, CA 92860-3829
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2025
$3,700,000
Solomon Chen Limited Liability Comp
Kre Properties Group LLC
Grant Deed
—
May 12, 2025
—
Kre Properties Group LLC
—
Deed
related
$1,050,000 · Itec Financial INC
Aug 30, 2022
$2,785,000
Kre Properties Group LLC
Carmona Properties INC
Grant Deed
$1,418,100 · Private Business Capital
Aug 30, 2022
—
Kre Properties Group LLC
—
Deed
related
$1,022,000 · California Statewide Certified Developme
Apr 18, 2019
$2,000,000
Carmona Properties INC
Jrmvp LLC
Grant Deed
$400,000 · Jrmvp LLC
May 30, 2012
$1,500,000
Jrmvp LLC
Moreno Center Ltd
Grant Deed
—
Jul 1, 1990
—
Moreno Center Lt
—
Grant Deed
related
$7,640,000 · First Interstate Bank Californ
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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