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Property profile & analytics
OFF-MARKET
Estimated value
$3,350,000
Warehouses
302 Rider St Perris, CA 92571-4650
Entity Owned
1-yr Hold
Property ID
US09-3954155
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
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
Glover Family LLC · 1 yrs held
Glover Family LLC
since 2024
Last sale
$3.4M
4 recorded transactions
Zoning & alternative use
MI · Perris, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.6M
+139.7%
Medical building
$3.5M
+51.7%
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 Perris submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Perris 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
$3,350,000
ML approach
$3,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,320,000
Current use
AUTO REPAIR, GARAGE
$5,565,000
Change: +140% · Conversion: Easy
MEDICAL BUILDING
$3,520,000
Change: +52% · Conversion: Difficult
Blend value · Realmo final
$3.35M
Range $3.02M – $3.69M · ±10% · vs last sale $3.35M (Sep 30 2024)
Last sale anchor
$3.35M
Sep 30 2024
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
$260 / 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
$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
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
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, CA
Zoning MI · permitted uses
MI · Perris, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Perris. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$5.6M
MEDICAL BUILDING
Est. value
$3.5M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2023
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
2.07 ac
Current owner
From public records · entity-resolved
Glover Family LLC
Entity
Mailing address
16130 PO BOX 90634TH BLVD STE #510, CITY OF INDUSTRY, CA 91715-0634
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2024
$3,350,000
Glover Family LLC
Ms Perris LLC
Grant Deed
—
Nov 1, 2021
$473,500
Ms Perris LLC
Redir LLC
Grant Deed
—
Oct 7, 2019
—
Redir LLC
Idig Rider Distribution Center
Quit Claim Deed
related
—
Jul 7, 2006
—
Redir LLC
Perris Business Park LLC
Grant Deed
—
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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