23750 Alessandro Blvd Ste C Moreno Valley, CA 92553-8818
Property profile & analytics
23750 Alessandro Blvd Ste C, Moreno Valley, CA 92553-8818
- Turn key restaurants
- 4.01 lot acres
Property ID
US09-0791736
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Hope Vision Center / Association / Organization
- Lighthouse Fitness Management / Gym & Fitness Center
- STAR BANQUET & EVENTS / Take-out & Catering / Catering Service
- Mariscos El Zorrillo / Restaurant
- Wienerschnitzel / Restaurant / Take-out & Catering
Property Details for 23750 Alessandro Blvd Ste C
- Lot size
- 4.01 lot acres
- Property type
- Turn key restaurants
- APN
- 296-300-005
- APU
- 296300005
Description
Alessandro Plaza, a Moreno Valley, CA shopping center, offers a compelling value-add investment opportunity. This 83,598 square foot retail property sits on 10 acres of land at 23750 Alessandro Blvd, 92553, boasting a prime location along a major thoroughfare with over 52,500 vehicles passing daily. Currently operating at 91% occupancy, the center generates a substantial NOI of $1,136,288, yielding an attractive 8.00% cap rate. Built in 1991, the property features a diverse tenant mix of retail and service businesses, primarily under NNN leases, shifting repair, maintenance, and capital costs to tenants. Significant leasing activity is projected for 2023 and 2024, encompassing over 55,000 square feet, with average in-line rents currently at $1.19 per square foot. This presents a substantial opportunity for rental growth and increased profitability. The property's accessibility is enhanced by a signalized entrance and multiple points of ingress and egress, ensuring convenient access for both local customers and regional commuters. The asking price for this fee-simple ownership opportunity is $14,200,000. The low existing rent structure further enhances the property's intrinsic value and potential for future appreciation.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Moreno Valley
- County
- Riverside
- State
- California
- Longitude
- -117.246
- Latitude
- 33.9183
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$3,825
$580,129
$2,486,536
$3,066,665
-
$0.00
$0.00
$0.00
