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Property profile & analytics
OFF-MARKET
Estimated value
$29,255,000
Strip malls
3001 Iowa Ave Riverside, CA 92507-2812
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-3055662
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1970
Construction
TILT-UP CONCRETE
Total area
96,660 SF
Lot
13.1 ac (570,636 SF)
Zoning code
C2
APN
250-080-018
UPID
US10-3055662
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
-
Spirit Halloween (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$22.25M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$29.26M
Owner & transaction history
3001 Iowa Owner LLC · 4 yrs held
3001 Iowa Owner LLC
since 2022
Last sale
$28.6M
6 recorded transactions
Zoning & alternative use
C2 · Riverside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
COMMERCIAL ZONES HANDOUT A10
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
$37,575,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$24,105,000
6.5%
$22,250,000
7%
$20,660,000
Blend value · Realmo final
$29.26M
Range $26.33M – $32.18M · ±10% · vs last sale $28.60M (Jun 6 2022)
Last sale anchor
$28.60M
Jun 6 2022
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
$303 / 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
$203,505
Tax year 2024
Assessed value
$18,311,040
Assessed 2024
Previous assessed
$18,311,040
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$7,074,720
Assessed improvement
$11,236,320
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1970
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
3
Stories
1
Total area
96,660 SF
Lot
13.1 ac (570,636 SF)
Zoning code
C2
APN
250-080-018
UPID
US10-3055662
Jurisdiction
RIVERSIDE
Zoning & alternative use
C2 · Riverside, CAZoning C2 · permitted uses
C2 · Riverside, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
COMMERCIAL ZONES HANDOUT A10
Building & site characteristics
From public records
Year built
1970
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
3
Lot
13.1 ac
Current owner
From public records · entity-resolved
3001 Iowa Owner LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1745 SHEA CTR DR STE #200, HIGHLANDS RANCH, CO 80129-1540
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2022
$28,600,000
3001 Iowa Owner LLC
Seritage Kmt Finance LLC
Grant Deed
—
Dec 4, 2019
—
Seritage Kmt Fin LLC
—
Grant Deed
related
$200,000,000 · Berkshire Hathaway Life Ins Co
Jul 16, 2015
—
Seritage Kmt Finance LLC
Kmart Corporation
Grant Deed
—
May 4, 2005
$1,285,000
Troy Coolidge No 3 LLC
Sucher,richard H
Grant Deed
—
Jun 15, 1995
—
Smith Florence
Phillips,sheila
Grant Deed
related
—
Dec 28, 1994
—
Florence Etal Smith
Smith,florence Etal
Quit Claim 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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