Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,690,000
Strip malls
23920 Ironwood Ave Moreno Valley, CA 92557-7152
Entity Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2963496
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
99 Cents Only Stores Discount Store
-
Bank of America ATM (Drive-thru) Atm
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
Ironwood Community Plaza LLC · 23 yrs held
Ironwood Community Plaza LLC
since 2003
7 recorded transactions
Zoning & alternative use
R3 · Moreno Valley, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.6M
+2.2%
Industrial (general)
$3.6M
+1.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,185,000
6.5%
$2,940,000
7%
$2,730,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,535,000
Current use
RETAIL STORES
$3,610,000
Change: +2% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,570,000
Change: +1% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,485,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$2.69M
Range $2.42M – $2.96M · ±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
$228 / 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
$98,432
Tax year 2024
Assessed value
$8,732,629
Assessed 2024
Previous assessed
$8,732,629
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,669,839
Assessed improvement
$7,062,790
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1987
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
3
Stories
13
Units
5
Total area
11,792 SF
Lot
4.5 ac (196,020 SF)
Zoning code
R3
APN
264-100-010
UPID
US09-2963496
Jurisdiction
RIVERSIDE
Zoning & alternative use
R3 · Moreno Valley, CA
Zoning R3 · permitted uses
R3 · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.5M
RETAIL STORES
Est. value
$3.6M
INDUSTRIAL (GENERAL)
Est. value
$3.6M
WAREHOUSE, STORAGE
Est. value
$3.5M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1987
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
13
Buildings
3
Units
5
Lot
4.5 ac
Current owner
From public records · entity-resolved
Ironwood Community Plaza LLC
Entity
Mailing address
798 LAKESHORE DR, REDWOOD CITY, CA 94065-1785
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2016
—
Ironwood Community Plaza LLC
—
Deed
related
$7,300,000 · Rabobank
May 21, 2003
—
Ironwood Community Plaza LLC
Ironwood Plaza LLC
Quit Claim Deed
related
—
Nov 4, 1999
—
Ironwood Plaza
Noval,victorino
Trustees Deed
related
—
Aug 5, 1999
—
Victorino Etal Noval
Noval,victorino
Quit Claim Deed
related
—
Aug 1, 1989
$515,500
Victorino Noval
Lutchansky Herma
Grant Deed
related
—
—
—
Ironwood Plaza LLC
—
Deed Of Trust
related
$3,840,000 · Quad Capital Advisors LLC
—
—
Ironwood Community Plaza LLC
—
Loan Modification
related
$7,500,000 · Us Bank NA 2007-pwr17 (te)
—
—
Ironwood Community Plaza LLC
—
Deed Of Trust
related
$7,300,000 · Rabobank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 23920 Ironwood Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
