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    24830 Rivard Rd Moreno Valley, CA 92551

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    24830 Rivard Rd Moreno Valley, CA 92551

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    • Warehouses
    • 21,700 SF
    For Sale
    $4,375,000
    View Listing →
    Industrial Warehouse For Sale For Sale
    $4,375,000
    43,400 SF

    Industrial Warehouse For Sale

    Industrial warehouse property with estimated completion in October 2023.

    24830 Rivard Road, Moreno Valley, CA 92551
    View Listing
    Property ID
    US09-3546201
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 24830 Rivard Rd

    Year built
    2023
    Construction
    TILT-UP CONCRETE
    Property size
    21,700 SF
    Property type
    Warehouses
    APN
    316-190-055
    APU
    316190055

    Description

    This exceptional 21,700-square-foot warehouse, located at 24830 Rivard Road in Moreno Valley, California, presents a significant opportunity for businesses seeking efficient and spacious industrial space. Situated on a 1.16-acre lot within the Rivard Road Industrial Park, this single-tenant property offers immediate occupancy. The warehouse boasts a substantial 28-foot ceiling height, providing ample vertical storage capacity. Loading and unloading are facilitated by one loading dock and two dock-high doors, ensuring smooth and efficient operations. The property is equipped with robust power, featuring 800 amps of 277/480-volt, 3-phase electricity, suitable for a variety of industrial applications. The property's location in Riverside County, with easy access to major transportation arteries, makes it strategically advantageous for distribution and logistics companies. The entire 21,700 square feet is currently vacant and ready for immediate lease. This warehouse is perfect for a business seeking a functional and well-equipped space in a prime Moreno Valley location (zip code 92551). The property's size and features make it an excellent choice for a variety of industrial uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,070,000
      6.5%
      $3,755,000
      7%
      $3,485,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $6,410,000
      Current use
      RETAIL STORES
      $6,645,000
      Change: +4% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $6,570,000
      Change: +2% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $6,505,000
      Change: +1% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Moreno Valley
    County
    Riverside
    State
    California
    Longitude
    -117.23
    Latitude
    33.8731
    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
    $52,460
    $1,674,003
    $2,985,000
    $4,659,003
    -
    $0.00
    $0.00
    $0.00

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      View Details
    • Value Estimation by Request
      21,700 SF

      24832 Rivard Rd

      Distribution properties • 21,700 SF
      24832 Rivard Rd, Moreno Valley, CA 92551
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      38,820 SF

      Freestanding Industrial Building Available

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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
      View Details
    • $8,000,000
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      Truck Yard with Approved CUP

      4.89 acre truck yard with existing office space.
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      Retail Strip Center For Sale

      Almost fully leased retail strip center in Moreno Valley, CA.
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    • $3,750,000
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      Entitled Land For Sale

      Land for sale in Riverside, fully entitled.
      Nwc Perris Blvd & Harley Knox Blvd, Perris, CA 92551
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    Similar Nearby for Lease

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      187,985 SF

      Industrial Warehouse with Secured Truck Yard

      Move-in ready warehouse with a large, secured truck yard.
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      Rivard Road Industrial Park

      43,400 SF industrial building with secured yard for sale.
      24830-24832 Rivard 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.
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      Moreno Valley Distribution Warehouse

      Large industrial warehouse with planned improvements and ample trailer parking.
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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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    • $402 /Mo

      Moreno Valley Flex/Industrial Space

      Flex/Industrial space available for lease in Moreno Valley, CA.
      24811 Rivard Rd, Moreno Valley, CA 92551
      View Details
    View Listing
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    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.

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    24830 Rivard Rd, Moreno Valley, CA, 92551
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