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    Property profile & analytics

    24050 Alessandro Blvd Moreno Valley, CA 92553-6775

    • Strip malls
    • 8,500 SF
    • 2.07 lot acres
    OFF-MARKET
    Value Estimation
    $4,815,000
    Last Sale
    May 10, 2023
    $4,550,000
    Location Intelligence
    Property ID
    US09-3048248
    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.

    Current Use by Public Records

    • MARISCOS EL CHANGO / Seafood Restaurant / Mexican Restaurant
    • A HOMES REALTY / Real Estate Agency
    • Brothers Insurance / Insurance Agency
    • 911 Tech Now / Computer Repair Service
    • State Farm Car Insurance / Insurance Agency

    Property Details for 24050 Alessandro Blvd

    Year built
    1987
    Construction
    TILT-UP CONCRETE
    Lot size
    2.07 lot acres
    Property size
    8,500 SF
    Zone code
    A1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    482-180-034
    APU
    482180034

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,950,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,260,000
      6.5%
      $4,340,000
      7%
      $4,260,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,810,000
      Geo Method
      $4,220,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,215,000
      Retail
      $4,530,000
      Mixed-Use
      $3,845,000
      Hospitality
      $4,670,000
      Educational
      $4,750,000
      Residential Income
      $4,395,000
      Energy
      $3,745,000
      Income-Based Land
      $3,780,000
      Food Service
      $4,625,000

    Location Insight

    • Map
    • Local Demand
    City
    Moreno Valley
    County
    Riverside
    State
    California
    Longitude
    -117.243
    Latitude
    33.9178
    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
    $52,319
    $1,734,000
    $2,907,000
    $4,641,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      8,601 SF

      23962 Alessandro Blvd W W Ste

      SHOPPING CENTER, STRIP CENTER • 8,601 SF
      23962 Alessandro Blvd W W Ste, Moreno Valley, CA 92553-8805
      View Details
    • Value Estimation by Request
      4,320 SF

      24901 Sunnymead Blvd

      SHOPPING CENTER, STRIP CENTER • 4,320 SF
      24901 Sunnymead Blvd, Moreno Valley, CA 92553-3756
      View Details
    • Value Estimation by Request
      28,201 SF

      12625 Frederick St

      SHOPPING CENTER, STRIP CENTER • 28,201 SF
      12625 Frederick St, Moreno Valley, CA 92553-5216
      View Details
    • Value Estimation
      $3,265,000
      5,256 SF

      12980 Day St

      SHOPPING CENTER, STRIP CENTER • 5,256 SF
      12980 Day St, Moreno Valley, CA 92553-7002
      View Details
    • Value Estimation by Request
      3.85 Acres

      23750 Alessandro Blvd

      SHOPPING CENTER, STRIP CENTER • 3.85 Acres
      23750 Alessandro Blvd, Moreno Valley, CA 92553-8811
      View Details
    • Value Estimation
      $570,000
      7,308 SF

      14940 Perris Blvd

      SHOPPING CENTER, STRIP CENTER • 7,308 SF
      14940 Perris Blvd, Moreno Valley, CA 92553-7183
      View Details

    Similar Nearby for Sale

    • $5,210,000
      28,695 SF

      Retail Center in Moreno Valley

      28,695 SF retail center on 2.53 acres for sale.
      24541 Alessandro Blvd, Moreno Valley, CA 92553
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    • $5,210,000
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      Neighborhood Retail Center Investment Opportunity

      28,695 SF retail center, 100% occupied in Moreno Valley.
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      Prime retail property in Moreno Valley with high traffic exposure.
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    • $180,000

      Established Restaurant Business Opportunity

      Successful pupusas restaurant with juice stand in high-traffic area.
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      Retail Investment Near Moreno Valley Mall

      Freestanding retail building with income and upside potential.
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    • Contact for pricing
      51,069 SF

      Moreno Valley Industrial Office Complex

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    Similar Nearby for Lease

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    • $16 SF/Yr
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    • $12,000 /Mo
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    • $3,100 /Mo
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      Retail Space in Elsworth Plaza

      Prime retail space in a busy Moreno Valley shopping center.
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    • Contact for pricing
      111,060 SF

      Moreno Valley Commercial Center

      Prime Moreno Valley Retail & Office Space
      23962 Alessandro Blvd, Moreno Valley, CA 92553
      View Details
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    Moreno Valley, CA 92553-6775
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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