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Property profile & analytics
FOR LEASE
Grocery and convenience stores
2841 Mary St Riverside, CA 92506
Individually Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-4346147
For Lease
1 / 2
$7,395,000
2841 Mary St, Riverside, CA 92506
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2014
Construction
TILT-UP CONCRETE
Total area
45,936 SF
Lot
1.9 ac (82,764 SF)
Zoning code
CR
APN
235-101-017
UPID
US09-4346147
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
-
Stater Bros. Markets Grocery & Convenience Store Food Market
-
Coinstar Kiosk - Bitcoin ATM Atm Currency Exchange Service
-
MoneyGram Bank Credit Union
-
Coinme at Coinstar - Bitcoin Kiosk Shopping Center & Mall (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.13M
Comparable Approach
Comparable
$7.72M
Blend (final)
Blend
$7.40M
Owner & transaction history
Stater Bros Markets · 12 yrs held
Stater Bros Markets
since 2013
5 recorded transactions
Zoning & alternative use
CR · Riverside, 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 Riverside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverside 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%
$10,975,000
6.5%
$10,130,000
7%
$9,405,000
Alternative Use
Use
Estimation
RETAIL STORES
$10,370,000
Current use
Blend value · Realmo final
$7.40M
Range $6.66M – $8.13M · ±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
$161 / 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
$68,994
Tax year 2024
Assessed value
$6,257,943
Assessed 2024
Previous assessed
$6,257,943
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$461,777
Assessed improvement
$5,796,166
Applied tax rate
9.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
2014
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
45,936 SF
Lot
1.9 ac (82,764 SF)
Zoning code
CR
APN
235-101-017
UPID
US09-4346147
Jurisdiction
RIVERSIDE
Zoning & alternative use
CR · Riverside, CA
Zoning CR · permitted uses
CR · Riverside, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riverside. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$10.4M
RETAIL STORES Current
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
2014
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
1.9 ac
Current owner
From public records · entity-resolved
Stater Bros Markets
Individual
Free & Clear · 12 yrs held
Mailing address
14360 W 96TH TER, LENEXA, KS 66215-4708
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2013
—
Stater Bros Markets
Stater Bros Markets
Quit Claim Deed
related
—
May 31, 2013
—
Stater Bros Markets
Stater Bros Markets
Quit Claim Deed
related
—
Jul 1, 2011
$7,000,000
Markets Stater
Gk Properties LLC
Grant Deed
—
Mar 31, 2000
$906,000
Gk Prop
Gk
Grant Deed
—
Aug 6, 1999
—
National Equities Group Gp #28
—
Deed Of Trust
related
$3,000,000 · Union Bank Of California
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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