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Property profile & analytics
OFF-MARKET
Estimated value
$4,580,000
Strip malls
24050 Alessandro Blvd Moreno Valley, CA 92553-6775
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3048248
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Construction
TILT-UP CONCRETE
Total area
8,500 SF
Lot
2.07 ac (90,169 SF)
Zoning code
A1
APN
482-180-034
UPID
US09-3048248
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
-
MARISCOS EL CHANGO Restaurant
-
A HOMES REALTY Real Estate Agency
-
Brothers Insurance Insurance Agency
-
911 Tech Now Computer & Electronic Repair
-
State Farm Car Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.98M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.86M
Blend (final)
Blend
$4.58M
Owner & transaction history
David Shteremberg · 3 yrs held
David Shteremberg
since 2023
Last sale
$4.6M
5 recorded transactions
Zoning & alternative use
A1 · Moreno Valley, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.3M
+107.1%
Apartment house (5+ units)
$5.1M
+99.3%
Auto repair, garage
$3.7M
+44.0%
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
$4,950,000
ML approach
$4,980,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$5,275,000
Change: +107% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,080,000
Change: +99% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,670,000
Change: +44% · Conversion: Difficult
Blend value · Realmo final
$4.58M
Range $4.12M – $5.04M · ±10% · vs last sale $4.55M (May 10 2023)
Last sale anchor
$4.55M
May 10 2023
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
$539 / 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
$52,319
Tax year 2024
Assessed value
$4,641,000
Assessed 2024
Previous assessed
$4,641,000
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,734,000
Assessed improvement
$2,907,000
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
Stories
1
Units
3
Total area
8,500 SF
Lot
2.07 ac (90,169 SF)
Zoning code
A1
APN
482-180-034
UPID
US09-3048248
Jurisdiction
RIVERSIDE
Zoning & alternative use
A1 · Moreno Valley, CA
Zoning A1 · permitted uses
A1 · 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
RESTAURANT
Est. value
$5.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$3.7M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1
Units
3
Lot
2.07 ac
Current owner
From public records · entity-resolved
David Shteremberg
Individual
Mailing address
8445 CAMINO SANTA FE, SAN DIEGO, CA 92121-2648
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2023
$4,550,000
David Shteremberg
Lauretta J Stansfield
Grant Deed
—
Feb 18, 1994
$750,000
Jeffrey J Stansfield
Ba Properties In
Grant Deed
$200,000 · Individual
May 27, 1993
$1,045,000
Ba Properties INC
Jacranda-woodsto
Trustees Deed
related
—
—
—
Stansfield,tr
—
Deed Of Trust
related
$750,000 · Farmers & Merchants Bk Lng Bch
—
—
Jacranda Woodsto
—
Deed Of Trust
related
$200,000 · Cathay Bank
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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