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Property profile & analytics
OFF-MARKET
Estimated value
$1,130,000
Strip malls
26150 Iris Ave Moreno Valley, CA 92555-3008
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1204046
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Construction
WOOD
Total area
5,000 SF
Lot
4.17 ac (181,645 SF)
Zoning code
C
APN
486-340-041
UPID
US09-1204046
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
-
Dr. Vimal M. Patel, DDS Dental Office
-
Cafe Gossip Restaurant
-
Popeyes Louisiana Kitchen Restaurant
-
Jersey Mike's Subs Take-out & Catering
-
La Carniceria Meat Market Take-out & Catering Butcher
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.25M
Comparable Approach
Comparable
$692k
Blend (final)
Blend
$1.13M
Owner & transaction history
New Suerte Lakeside LP · 2 yrs held
New Suerte Lakeside LP
since 2023
4 recorded transactions
Zoning & alternative use
C · Moreno Valley, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.5M
+2.2%
Industrial (general)
$1.5M
+1.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,350,000
6.5%
$1,245,000
7%
$1,160,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,500,000
Current use
RETAIL STORES
$1,530,000
Change: +2% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,515,000
Change: +1% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,475,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$1.13M
Range $1.02M – $1.24M · ±10%
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
$226 / 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
$166,617
Tax year 2024
Assessed value
$12,074,000
Assessed 2024
Previous assessed
$12,074,000
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$4,540,000
Assessed improvement
$7,534,000
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
2005
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
5,000 SF
Lot
4.17 ac (181,645 SF)
Zoning code
C
APN
486-340-041
UPID
US09-1204046
Jurisdiction
RIVERSIDE
Zoning & alternative use
C · Moreno Valley, CA
Zoning C · permitted uses
C · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.5M
RETAIL STORES
Est. value
$1.5M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
2005
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
4.17 ac
Current owner
From public records · entity-resolved
New Suerte Lakeside LP
Entity
Mailing address
8445 CAMINO SANTA FE STE #205, SAN DIEGO, CA 92121-2650
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2023
—
New Suerte Lakeside LP
Lscht LLC
Grant Deed
$11,800,000 · Symetra Life Insurance Co
Jun 6, 2014
$18,050,000
Lscht LLC
Ira Lakeside Partners LLC
Grant Deed
$12,700,000 · Morgan Stanley Bank NA
Sep 6, 2012
—
Ira Lakeside Partners LLC
U S Bank National Association
Grant Deed
$10,850,000 · Pfp Holding Company III LLC
Jun 21, 2011
$10,000,000
Wells Fargo Bank NA 2006-c4
Fidelity National Title Co
Trustees Deed
related
—
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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