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Property profile & analytics
OFF-MARKET
Estimated value
$1,235,000
Retail space
2645 Hamner Ave Norco, CA 92860-1925
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-0729514
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Construction
WOOD
Total area
4,960 SF
Lot
0.58 ac (25,264 SF)
Zoning code
R106
APN
127-210-016
UPID
US09-0729514
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
-
Norco Family Funeral Home Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.23M
CAP Approach
CAP
$1.10M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.24M
Owner & transaction history
William F Tietz · 5 yrs held
William F Tietz
since 2021
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
R106 · 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
Method
Estimation
Statistic approach
$1,210,000
ML approach
$1,230,000
CAP Approach
CAP Return
Estimation
6%
$1,185,000
6.5%
$1,095,000
7%
$1,015,000
Blend value · Realmo final
$1.24M
Range $1.11M – $1.36M · ±10% · vs last sale $1.25M (Jun 9 2021)
Last sale anchor
$1.25M
Jun 9 2021
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
$249 / 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
$15,271
Tax year 2024
Assessed value
$1,367,053
Assessed 2024
Previous assessed
$1,367,053
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$415,583
Assessed improvement
$951,470
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1965
Construction
WOOD
Heating
NONE
Stories
1
Total area
4,960 SF
Lot
0.58 ac (25,264 SF)
Zoning code
R106
APN
127-210-016
UPID
US09-0729514
Jurisdiction
RIVERSIDE
Zoning & alternative use
R106 · Norco, CA
Zoning R106 · permitted uses
R106 · Norco, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norco. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
William F Tietz
Individual
Mailing address
2645 HAMNER AVE, NORCO, CA 92860-1925
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2021
—
William F Tietz
William F Tietz
Intrafamily Transfer
related
—
Sep 25, 2019
—
William F Tietz
—
Deed
related
$773,500 · California Bk&tr
Oct 17, 2018
$1,250,000
William F Tietz
Warren,carlene
Grant Deed
—
Apr 16, 2004
—
Carlene J Mills
Mills,hollis E
Quit Claim Deed
related
$500,000 · Wells Fargo Bank
Mar 31, 1999
$356,000
Carlene J Warren
Zaratzian Trust
Grant Deed
$469,200 · Valley Merchants Bank
Sep 20, 1991
$258,801
Zaratzian Trust
Ho,cuu V
Trustees Deed
related
—
Jan 1, 1989
$331,500
Cuu V Ho
Zaratzian Robert
Grant Deed
related
$231,800 · Zaratzian Robert
—
—
Carlene J Warren
—
Deed Of Trust
related
$200,000 · Cdc Small Business Finance Co
—
—
Carlene J Warren
—
Deed Of Trust
related
$193,200 · Valley Merchants Bank
—
—
Carlene J Warren
—
Deed Of Trust
related
$276,000 · Valley Merchants Bank
—
—
William F Tietz
—
Deed Of Trust
related
$773,500 · California Bk&tr
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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