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Property profile & analytics
OFF-MARKET
Estimated value
$8,815,000
Warehouses
2344 Fleetwood Dr Riverside, CA 92509-2409
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2494884
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Total area
36,395 SF
Lot
5.22 ac (227,383 SF)
Zoning code
MH
APN
178-350-013
UPID
US10-2494884
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
-
Hidden Valley Ranch Production Facility Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.71M
Comparable Approach
Comparable
$7.96M
Blend (final)
Blend
$8.82M
Owner & transaction history
Catalyze Riverside 2344 Fleetwood D · 3 yrs held
Catalyze Riverside 2344 Fleetwood D
since 2022
7 recorded transactions
Zoning & alternative use
MH · Riverside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$12.2M
+19.6%
Industrial (general)
$10.6M
+4.5%
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 Riverside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverside 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%
$9,430,000
6.5%
$8,705,000
7%
$8,080,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,175,000
Current use
RETAIL STORES
$12,170,000
Change: +20% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$10,625,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$8.82M
Range $7.93M – $9.70M · ±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
$242 / 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
$143,219
Tax year 2024
Assessed value
$13,229,232
Assessed 2024
Previous assessed
$13,229,232
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$1,693,210
Assessed improvement
$11,536,022
Applied tax rate
28.0000
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
Off-Market
Year built
1979
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
36,395 SF
Lot
5.22 ac (227,383 SF)
Zoning code
MH
APN
178-350-013
UPID
US10-2494884
Jurisdiction
RIVERSIDE
Zoning & alternative use
MH · Riverside, CA
Zoning MH · permitted uses
MH · Riverside, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riverside. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$10.2M
RETAIL STORES
Est. value
$12.2M
INDUSTRIAL (GENERAL)
Est. value
$10.6M
WAREHOUSE, STORAGE Current
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1979
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
5.22 ac
Current owner
From public records · entity-resolved
Catalyze Riverside 2344 Fleetwood D
Individual
Mailing address
46500 HUMBOLDT DR, NOVI, MI 48377-2434
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2022
—
Catalyze Riverside 2344 Fleetwood D
Lineage Logistics LLC
Lease
—
May 9, 2019
—
Lineage Master Re 5 LLC
—
Deed
related
$235,000,000 · Column Financial INC
Feb 23, 2018
—
Lineage Master Re 5 LLC
Lineage Master Re 3 LLC
Grant Deed
$157,000,000 · Goldman Sachs Bank USA
Jun 29, 2012
$60,000,000
Lineage Cc Ca Re LLC
Castle & Cooke Cold Storage Ll
Grant Deed
$100,000,000 · Metropolitan Life Insurance
Jan 9, 2008
$21,820,000
Inland Logistics 2 LLC
Inland 1 & 2 Investments Co LLC
Grant Deed
—
Aug 20, 1999
$3,500,000
Inland 1 & 2 Investment Co LLC
Inland Refrigerated Enterprise
Grant Deed
related
—
Jun 8, 1995
—
Refrigerated Ents Inland
Hendricksen,william J
Grant Deed
related
—
Sep 2, 1992
—
William J Hendricksen
—
Deed Of Trust
related
—
—
—
Inland Refrigerated Enterprise
—
Deed Of Trust
related
$2,077,426 · Pacific Crest Inv & Loan
—
—
William J Hendricksen
—
Deed Of Trust
related
$67,467 · Bank Of California
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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