24541 Alessandro Blvd Moreno Valley, CA 92553-3917
Property profile & analytics
24541 Alessandro Blvd, Moreno Valley, CA 92553-3917
- Retail space
- 17,214 SF
- 1.30 lot acres
Property ID
US09-4330989
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.
Location Intelligence
Current Use by Public Records
- Moreno Family Donuts / Bakery / Discount Store
Property Details for 24541 Alessandro Blvd
- Year built
- 1985
- Construction
- WOOD
- Lot size
- 1.30 lot acres
- Zone code
- C1
- Property type
- Retail space
- APN
- 482-520-001
- APU
- 482520001
Description
This 28,695 square foot shopping center in Moreno Valley, CA presents a compelling value-add opportunity. Located on Alessandro Boulevard, a major thoroughfare with over 36,000 cars daily, the property boasts excellent visibility and accessibility. Currently 100% occupied with a mix of tenants, many of whom have been in place for over five years, the property offers immediate upside potential. Numerous short-term and month-to-month leases allow for significant rent increases upon renewal, boosting the pro-forma cap rate to 9.79%. The 2.53-acre lot provides ample space, and the property benefits from multiple points of ingress and egress. Situated near major freeways (60 and 215) and surrounded by a dense population (over 228,000 within 5 miles) with a strong average household income ($94,725 within 5 miles), this center is strategically positioned for success. The asking price is $5,750,000, representing a price per square foot of $200.38, well below replacement value. The current NOI is $292,098, with a pro-forma NOI of $562,754 reflecting the potential for increased revenue. Built in 1985, this fee-simple property offers a strong foundation for a savvy investor seeking significant returns. The property is a triple net (NNN) lease structure.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,135,000
- ML approach
- $2,060,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,725,000
Market price range: $2.73M - $7.57M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Moreno Valley
- County
- Riverside
- State
- California
- Longitude
- -117.234
- Latitude
- 33.9159
- 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
$21,632
$690,665
$1,216,190
$1,906,855
-
$0.00
$0.00
$0.00
