Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2800 Chicago Ave Riverside, CA 92507-2660

    • Apartment buildings
    • 1,336 SF
    • 1.45 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1213844
    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

    • Summit Apartments / Apartment Building / Condominium Complex
    • Mendez Photography / Photography Service / (Bike/Boat/Book/etc) Store

    Property Details for 2800 Chicago Ave

    Year built
    1985
    Construction
    WOOD
    Lot size
    1.45 lot acres
    Property size
    1,336 SF
    Zone code
    R1
    Property type
    Apartment buildings
    APN
    250-030-039
    APU
    250030039

    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
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.348
    Latitude
    33.9871
    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
    $19,820
    $679,333
    $1,011,320
    $1,690,653
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.16 Acres

      2342 5th St

      APARTMENT HOUSE (5+ UNITS) • 0.16 Acres
      2342 5th St, Riverside, CA 92507-4150
      View Details
    • Value Estimation
      $595,000
      0.53 Acres

      1177 Linden St

      APARTMENT HOUSE (5+ UNITS) • 0.53 Acres
      1177 Linden St, Riverside, CA 92507-0852
      View Details
    • Value Estimation
      $645,000
      1,890 SF

      920 Via Cartago

      APARTMENT HOUSE (5+ UNITS) • 1,890 SF
      920 Via Cartago, Riverside, CA 92507-0211
      View Details
    • Value Estimation
      $1,680,000
      8,090 SF

      1025 Via Zapata

      APARTMENT HOUSE (5+ UNITS) • 8,090 SF
      1025 Via Zapata, Riverside, CA 92507-0216
      View Details
    • Value Estimation
      $2,390,000
      14,464 SF

      1120 Linden St

      APARTMENT HOUSE (5+ UNITS) • 14,464 SF
      1120 Linden St, Riverside, CA 92507-0836
      View Details
    • Value Estimation
      $1,325,000
      6,544 SF

      5925 Sycamore Cyn Blvd

      APARTMENT HOUSE (100+ UNITS) • 6,544 SF
      5925 Sycamore Cyn Blvd, Riverside, CA 92507-8463
      View Details

    Similar Nearby for Sale

    • $5,995,000

      Riverside Multifamily Investment Opportunity

      Turnkey apartment complex with recent renovations and rental upside.
      1480 7Th St, Riverside, CA 92507
      View Details
    • $16,995,000

      Riverside Multifamily Investment Opportunity

      67,202 SF multifamily property with upside potential in Riverside.
      3681 Cranford Ave, Riverside, CA 92507
      View Details
    • $965,000

      Riverside Multifamily Investment Opportunity

      Five-unit multifamily property in Riverside with functional unit mix.
      1195 Spring St, Riverside, CA 92507
      View Details
    • Contact for pricing
      10,500 SF

      Riverside Multifamily Investment Opportunity

      Eight studio units near downtown Riverside, fully occupied.
      413 Glen St, Riverside, CA 92507
      View Details
    • $1,400,000

      Prime Corner Lot Development Opportunity

      Corner lot near UCR with development plans for apartment complex.
      220 W Big Springs Rd, Riverside, CA 92507
      View Details
    • $1,489,000
      29,185.00 Acres

      Updated Units in Riverside

      Two updated units with separate utilities and private yards.
      3112 1St St, Riverside, CA 92507
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      15,449 SF

      Riverside Executive Office & Warehouse

      15,449 SF, Fully Vacant, Prime Location
      1810 Iowa Ave, Riverside, CA 92507
      View Details
    • $23 SF/Yr
      71,677 SF

      Chicago Gateway Executive Suites

      Riverside, CA Office Space Available
      1825 Chicago Ave, Riverside, CA 92507
      View Details
    • Contact for pricing

      Riverside Industrial Space For Rent

      Industrial space available in Riverside starting July 1, 2026.
      975 Marlborough Ave, Riverside, CA 92507
      View Details
    • $1.65 SF/Yr

      Riverside Multi-Tenant Office Complex

      Multi-tenant office complex with private restrooms and building signage.
      6235 River Crest Dr, Riverside, CA 92507
      View Details
    • $1.35 SF/Yr
      4,872 SF

      Riverside Warehouse Space Available

      Multi-tenant building with immediate freeway access and office space.
      2111 Iowa Ave, Riverside, CA 92507
      View Details
    • $1.99 SF/Yr
      7,940 SF

      Riverside Office Space Available

      7,940 square feet of office space for rent.
      3850 Vine St, Riverside, CA 92507
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2800 Chicago Ave
    Riverside, CA 92507-2660
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!