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Property profile & analytics
OFF-MARKET
Turn key restaurants
2429 Hamner Ave Norco, CA 92860-1921
Entity Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-2412601
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1955
Construction
WOOD
Total area
1,512 SF
Lot
0.22 ac (9,583 SF)
Zoning code
M1
APN
127-230-008
UPID
US10-2412601
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
-
North Shore Plate Lunch Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Itec Financial INC · 17 yrs held
Itec Financial INC
since 2008
7 recorded transactions
Zoning & alternative use
M1 · Norco, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Norco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norco 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,268
Tax year 2024
Assessed value
$290,359
Assessed 2024
Previous assessed
$290,359
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$176,744
Assessed improvement
$113,615
Applied tax rate
15.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1955
Construction
WOOD
Heating
NONE
Stories
1
Total area
1,512 SF
Lot
0.22 ac (9,583 SF)
Zoning code
M1
APN
127-230-008
UPID
US10-2412601
Jurisdiction
RIVERSIDE
Zoning & alternative use
M1 · Norco, CAZoning M1 · permitted uses
M1 · Norco, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1955
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Itec Financial INC
Entity
Free & Clear · 17 yrs held
Mailing address
43 CORPORATE PARK STE #206, IRVINE, CA 92606-5137
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
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
Sep 12, 2008
$575,000
Itec Financial INC
Itec Financial INC
Trustees Deed
related
—
Nov 28, 2001
$150,000
Claudia A Razon
Vicary Trust
Grant Deed
$122,000 · Ellis Trust
Jul 12, 1999
$120,000
Renee Vicary
Dantin,dennis S & Emily M
Grant Deed
$47,000 · Individual
Jul 1, 1989
$67,000
Dennis S Dantin
Russo Dominick J
Grant Deed
related
—
—
—
Dennis S Dantin
—
Deed Of Trust
related
$73,000 · Chino Valley Bank
—
—
Claudia A Razon
—
Deed Of Trust
related
$330,000 · Itec Financial INC
—
—
Claudia Razon
—
Deed Of Trust
related
$18,984 · Ren J Yu
—
—
Claudia A Razon
—
Deed Of Trust
related
$575,000 · Itec Financial INC
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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