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Property profile & analytics
OFF-MARKET
Estimated value
$10,435,000
Industrial land
3061 Riverside Ave Rialto, CA 92377
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0575776
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Construction
WOOD FRAME
Lot
0.25 ac (11,000 SF)
APN
0260-011-45-0000
UPID
US10-0575776
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
$10.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.44M
Owner & transaction history
3061 South Riverside Property LLC · 2 yrs held
3061 South Riverside Property LLC
since 2023
Last sale
$10.5M
7 recorded transactions
Zoning & alternative use
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 Rialto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rialto 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
$12,490,000
ML approach
$10,310,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.44M
Range $9.39M – $11.48M · ±10% · vs last sale $10.50M (Sep 8 2023)
Last sale anchor
$10.50M
Sep 8 2023
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
—
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
$7,252
Tax year 2024
Assessed value
$600,000
Assessed 2024
Previous assessed
$600,000
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$600,000
Applied tax rate
6.0000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Construction
WOOD FRAME
Heating
NONE
Lot
0.25 ac (11,000 SF)
APN
0260-011-45-0000
UPID
US10-0575776
Jurisdiction
SAN BERNARDINO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Construction
WOOD FRAME
Heating
NONE
Lot
0.25 ac
Current owner
From public records · entity-resolved
3061 South Riverside Property LLC
Entity
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2023
$10,500,000
3061 South Riverside Property LLC
Bloomington Cummins LLC
Grant Deed
—
Apr 21, 2021
—
Bloomington Cummins LLC
Naresh I Patel
Grant Deed
$3,500,000 · Morgan Stanley Bank NA
Dec 26, 2019
—
Patel,naresh & Sudha Fam Trust
—
Grant Deed
related
$2,500,000 · Bank Of The Sierra
Dec 22, 2016
—
Naresh I Patel
—
Deed
related
$2,500,000 · Community W Bk
Jan 26, 1993
$364,000
Cummins Distribution INC
Bbg Ltd Partners
Grant Deed
—
—
—
Naresh I Patel
—
Deed Of Trust
related
$1,800,000 · Rabobank
—
—
Naresh I Patel
—
Deed Of Trust
related
$2,500,000 · Community W Bk
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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