Entity Owned
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For Sale
Contact for pricing
302 E Rider St, Perris, CA 92571
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Property summary
AI-generated overview
This exceptional 15,841-square-foot industrial building, constructed in 2023, is available for lease in the thriving Perris, California, business park. Located at 302 E Rider St, 92571, this single-tenant property sits on a 0.9-acre lot and offers ample space for manufacturing operations. The building boasts a 20-foot ceiling height, providing excellent vertical clearance for equipment and storage. Three loading docks ensure efficient loading and unloading, while 22 parking spaces accommodate employees and visitors. The property is equipped with robust 400-amp, 3-phase power, suitable for demanding industrial applications. The zoning designation is PVCC - Specific Plan, and the APN is 303-130-021 (P). This Riverside County property presents a rare opportunity for businesses seeking a modern, well-equipped facility in a strategic location. The entire building is currently vacant, offering immediate occupancy. The property's prime location and modern features make it an ideal choice for a variety of manufacturing businesses. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2023
Construction
TILT-UP CONCRETE
Total area
12,883 SF
Lot
2.07 ac (90,169 SF)
Zoning code
MI
APN
303-130-021
UPID
US09-3954155
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.71M
Blend (final)
Blend
$3.35M
Owner & transaction history
since 2024
Last sale
$3.4M
4 recorded transactions
Zoning & alternative use
MI · Perris, CA
Top alternative use upside
Auto repair, garage
$5.6M
+139.7%
Medical building
$3.5M
+51.7%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.35M
Value range
$3.02M – $3.69M
±10% around blend
Estimated value / SF
$260 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
30
$3.02M
blend $3.35M
$3.69M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
12,883 SF
Lot area
2.07 ac
Year built
2023
Stories
1
APN
303-130-021
Zoning
MI
Assessed value
$4,720,511
Annual tax
$54,650
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$2.71M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
7.2 mi away · 14,631 SF
7.2 mi away · 14,807 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.35M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 21 sales
$180
+44%
County 354 sales
$295
-12%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $260/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+140%
vs current-use indication
Medical Building
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Implied cap rate
3.80%
Implied, in-place cap rate for this warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.80%
9.0%
NOI (est.)
$235k *
Last sale · Sep 2024
$3.35M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$6.17M
Move the market yield to see immediate price impact.
Value / SF
$479
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.30%3.80%4.30%
$211k
$6.40M
$5.55M
$4.91M
$235k
$7.11M
$6.17M
$5.45M
$258k
$7.82M
$6.79M
$6.00M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$1.08M
7.1 mi · Dec 2025 · $92/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$54,650
Tax year 2024
Assessed value
$4,720,511
Assessed 2024
Previous assessed
$4,720,511
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$492,511
Assessed improvement
$4,228,000
Applied tax rate
8.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
2023
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
12,883 SF
Lot
2.07 ac (90,169 SF)
Zoning code
MI
APN
303-130-021
UPID
US09-3954155
Jurisdiction
RIVERSIDE
Zoning & alternative use
MI · Perris, CAZoning MI · permitted uses
MI · Perris, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2023
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
2.07 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
MI
Jurisdiction
Perris, CA
Recorded code
MI
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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