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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    24811 Rivard Rd Moreno Valley, CA 92551

    • Commercial real estate
    • 2,473 SF
    • 4.89 lot acres
    For Sale
    View listing
    $9,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1938209
    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

    • PoleStar Transport Inc. / Freight Service / Logistics Company
    • RoadJet Transport Inc. / Freight Service / Logistics Company

    Property Details for 24811 Rivard Rd

    Lot size
    4.89 lot acres
    Property size
    2,473 SF
    Property type
    Commercial real estate
    APN
    316190012,316190049

    Description

    This exceptional Moreno Valley property, located at 24811 Rivard Rd, 92551, offers a unique blend of industrial and executive office space. The 2,473 square foot building sits on a substantial 4.89-acre lot, zoned for Industrial/Business Park use. The asking price is $9,000,000, translating to $42.25 per square foot. The property boasts a convenient location near the 215 Freeway, providing excellent access to major transportation routes. Development is simplified with an approved Conditional Use Permit (CUP) for truck trailer storage and an approved grading permit, making it ready for immediate completion. The property is fully entitled, eliminating lengthy permitting processes. Fiber optic internet is available. The property's APN is 316190012,316190049. This is an outstanding opportunity for investors seeking a versatile and strategically located commercial property in Riverside County, California. The property's proximity to a future fire station further enhances its desirability. This ready-to-develop site presents a significant advantage for businesses seeking a well-positioned and fully permitted location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Moreno Valley
    County
    Riverside
    State
    California
    Longitude
    -117.2296495
    Latitude
    33.8720076

    Comparable in this City

    • Contact for pricing
      38,820 SF

      Prime Moreno Valley Industrial/Office

      38,820 SF Class A Warehouse/Office - Vacant
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    • $8,000,000
      213,008 SF

      Truck Yard with Approved CUP

      4.89 acre truck yard with existing office space.
      24811 Rivard Rd, Moreno Valley, CA 92551
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      38,820 SF

      Freestanding Industrial Building Available

      Ready for occupancy with office, mezzanine, and secured yard.
      24915 Rivard Rd, Moreno Valley, CA 92551
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      21,700 SF

      Rivard Road Industrial Park

      43,400 SF industrial building with secured yard for sale.
      24830-24840 Rivard Rd, Moreno Valley, CA 92551
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      43,400 SF

      Industrial Warehouse For Sale

      Industrial warehouse property with estimated completion in October 2023.
      24830 Rivard Rd, Moreno Valley, CA 92551
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    • $250,000
      24,393.60 Acres

      Moreno Valley Vacant Land Opportunity

      Vacant land with utilities in Moreno Valley, California.
      16958 Indian St, Moreno Valley, CA 92551
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      38,820 SF

      Prime Moreno Valley Industrial/Office

      38,820 SF Class A Warehouse/Office - Vacant
      0 Perris Blvd. & Rivard Rd, Moreno Valley, CA 92551
      View Details
    • $8,000,000
      213,008 SF

      Truck Yard with Approved CUP

      4.89 acre truck yard with existing office space.
      24811 Rivard Rd, Moreno Valley, CA 92551
      View Details
    • Contact for pricing
      38,820 SF

      Freestanding Industrial Building Available

      Ready for occupancy with office, mezzanine, and secured yard.
      24915 Rivard Rd, Moreno Valley, CA 92551
      View Details
    • Contact for pricing
      21,700 SF

      Rivard Road Industrial Park

      43,400 SF industrial building with secured yard for sale.
      24830-24840 Rivard Rd, Moreno Valley, CA 92551
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    • Contact for pricing
      43,400 SF

      Industrial Warehouse For Sale

      Industrial warehouse property with estimated completion in October 2023.
      24830 Rivard Rd, Moreno Valley, CA 92551
      View Details
    • $250,000
      24,393.60 Acres

      Moreno Valley Vacant Land Opportunity

      Vacant land with utilities in Moreno Valley, California.
      16958 Indian St, Moreno Valley, CA 92551
      View Details

    Similar Nearby for Lease

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      756,340 SF

      Moreno Valley Distribution Warehouse

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      437,675 SF

      Industrial Building with Trailer Parking

      Industrial building featuring ample trailer parking and freeway access.
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      187,985 SF

      Industrial Warehouse with Secured Truck Yard

      Move-in ready warehouse with a large, secured truck yard.
      24901 San Michele Rd, Moreno Valley, CA 92551
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      225,450 SF

      Industrial Building with Trailer Parking

      225,450 SF industrial building featuring trailer parking.
      16875 Heacock St, Moreno Valley, CA 92551
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      426,700 SF

      Moreno Valley Distribution Warehouse

      426,700 SF warehouse with truck court for lease.
      24950 Grove View Rd, Moreno Valley, CA 92551
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    • Contact for pricing
      402,540 SF

      Moreno Valley Distribution Center

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    24811 Rivard Rd
    Moreno Valley, CA 92551
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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