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Property profile & analytics
OFF-MARKET
Estimated value
$2,545,000
Office buildings
23328 Olive Wood Plz Dr Moreno Valley, CA 92553-5247
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-2490003
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
WOOD
Total area
10,364 SF
Lot
0.91 ac (39,639 SF)
APN
292-241-012
UPID
US09-2490003
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
-
Affordable Air Conditioning and Heating HVAC Service General Contractor
-
Empire Accident Attorneys Law Firm
-
The Veil Kc Event Planning Wedding Service
-
Wholesale Capital Corporation Loan Service Bank
-
Houston & Robin Porta Potty Rental of Moreno Valley Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.27M
CAP Approach
CAP
$2.50M
Comparable Approach
Comparable
$1.72M
Blend (final)
Blend
$2.55M
Owner & transaction history
Elizabeth Rodriguez · 4 yrs held
Elizabeth Rodriguez
since 2022
Last sale
$3.3M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.1M
+10.3%
Warehouse, storage
$3.1M
+8.7%
Retail stores
$3.0M
+4.8%
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
$2,290,000
ML approach
$2,265,000
CAP Approach
CAP Return
Estimation
6%
$2,705,000
6.5%
$2,495,000
7%
$2,315,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,815,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,105,000
Change: +10% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,060,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$2,950,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$2.55M
Range $2.29M – $2.80M · ±10% · vs last sale $3.25M (May 11 2022)
Last sale anchor
$3.25M
May 11 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
$246 / 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
$63,377
Tax year 2024
Assessed value
$5,442,291
Assessed 2024
Previous assessed
$5,442,291
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$936,360
Assessed improvement
$4,505,931
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
NONE
Stories
2
Total area
10,364 SF
Lot
0.91 ac (39,639 SF)
APN
292-241-012
UPID
US09-2490003
Jurisdiction
RIVERSIDE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
WAREHOUSE, STORAGE
Est. value
$3.1M
RETAIL STORES
Est. value
$3.0M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
RETAIL STORES
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
2006
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.91 ac
Current owner
From public records · entity-resolved
Elizabeth Rodriguez
Individual
Mailing address
23328 OLIVE WOOD PLZ DRC3, MORENO VALLEY, CA 92553-5247
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2022
—
Elizabeth Rodriguez
—
Deed
related
$1,338,000 · Cdc Small Business Finance Corp
May 11, 2022
$3,250,000
Elizabeth Rodriguez
Wholesale Capital Corporation
Grant Deed
$1,625,000 · First Citizens Bank & Trust Co
Apr 8, 2020
—
Wholesale Capital Corporation
—
Deed
related
$500,000 · William Sonsma
Aug 20, 2004
—
Wholesale Capital Corp
—
Trustees Deed
related
$1,912,500 · First Centennial Bank
—
—
Wholesale Capital Corporation
—
Deed Of Trust
related
$500,000 · William Sonsma
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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