Technical
Financial
Distress signals
Property profile

23920 Ironwood Ave Moreno Valley, CA 92557

OFF-MARKET
Strip malls
Property ID
US09-2963496
11,792 SF 4.5 ac lot Built 1987
Entity Owned 23-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1987
Construction TILT-UP CONCRETE
Total area 11,792 SF
Lot 4.5 ac (196,020 SF)
Zoning code R3
APN 264-100-010
UPID US09-2963496

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store
  • Atm

Location

23920 Ironwood Ave Moreno Valley, CA 92557-7152
Moreno Valley metro Census 42406 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.94M
Comparable Approach Comparable
$1.77M
Blend (final) Blend
$2.69M

Owner & transaction history

since 2003
7 recorded transactions
2016
Price N/A
2003
Price N/A
1999
Price N/A
1999
Price N/A
1989
$515,500
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R3 · Moreno Valley, CA
Zoning description

Residential 3 District (R3). The primary purpose of the R3 district is to provide a transition between rural and urban density development areas, and to provide for a suburban life-style on residential lots larger than t…

General category RESIDENTIAL
Top alternative use upside
Retail stores $3.6M +2.2%
Industrial (general) $3.6M +1.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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