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Property profile & analytics
FOR SALE
Manufacturing properties
3091 Indian Ave Perris, CA 92571
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2271832
For Sale
1 / 12
$5,500,000
3091 Indian Ave, Perris, CA 92571
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1984
Total area
27,528 SF
Lot
1.84 ac (80,150 SF)
Zoning code
RR
APN
305-030-010
UPID
US09-2271832
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
$5.24M
CAP Approach
CAP
$3.48M
Comparable Approach
Comparable
$4.34M
Blend (final)
Blend
$5.01M
Owner & transaction history
Perris1 LLC · 2 yrs held
Perris1 LLC
since 2023
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
RR · Perris, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.5M
+39.8%
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
$5,470,000
ML approach
$5,235,000
CAP Approach
CAP Return
Estimation
6%
$3,770,000
6.5%
$3,480,000
7%
$3,230,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,380,000
Current use
MEDICAL BUILDING
$7,525,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$5.01M
Range $4.51M – $5.51M · ±10% · vs last sale $5.00M (Oct 4 2023)
Last sale anchor
$5.00M
Oct 4 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
$182 / 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
$56,108
Tax year 2024
Assessed value
$5,000,000
Assessed 2024
Previous assessed
$5,000,000
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,600,000
Assessed improvement
$3,400,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
1984
Heating
NONE
Stories
1
Total area
27,528 SF
Lot
1.84 ac (80,150 SF)
Zoning code
RR
APN
305-030-010
UPID
US09-2271832
Jurisdiction
RIVERSIDE
Zoning & alternative use
RR · Perris, CA
Zoning RR · permitted uses
RR · 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
INDUSTRIAL (GENERAL) Current
Est. value
$5.4M
MEDICAL BUILDING
Est. value
$7.5M
INDUSTRIAL (GENERAL) Current
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
1984
Heating
NONE
Stories
1
Lot
1.84 ac
Current owner
From public records · entity-resolved
Perris1 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
180 COMMERCE DR, PERRIS, CA 92571-3164
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2023
$5,000,000
Perris1 LLC
Mrbb Holdings Lllp
Grant Deed
—
Aug 10, 2021
—
Mrbb Holdings Lllp
Brett D Bashaw
Intrafamily Transfer
related
—
May 26, 2017
$1,762,500
Bashaw,b & P Family Trust
Industrial Tube Co LLC
Grant Deed
—
Mar 25, 2015
—
Industrial Tube Co LLC
Industrial Tube Co LLC
Quit Claim Deed
related
—
May 1, 1990
$38,500
Stephen E Burton
Cox Joseph K
Grant Deed
related
$63,400 · Custom Realty
May 1, 1989
$672,000
Tue I Industrial
Frost Lore A
Grant Deed
$655,000 · California State Bank
—
—
Industrial Tube Corp
—
Deed Of Trust
related
$656,000 · California State Bank
—
—
Tube Corp
—
Deed Of Trust
related
$640,825 · Bank Of America
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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