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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3199 Madison St Riverside, CA 92504-4477

    • Grocery and convenience stores
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-5615774
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • El Amigo Market / Grocery & Convenience Store
    • Western Union / Bank / Credit Union
    • ATM / Atm
    • Orlandi Valuta / Bank / Credit Union
    • Vigo / Bank / Credit Union

    Property Details for 3199 Madison St

    Lot size
    0.17 lot acres
    Property type
    Grocery and convenience stores
    APN
    000-230-285
    APU
    230285

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.402
    Latitude
    33.9332
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2015
    $0.00
    $0.00
    $21,480
    $21,480
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,125,000
      3,220 SF

      7614 Evans St

      GROCERY, SUPERMARKET • 3,220 SF
      7614 Evans St, Riverside, CA 92504-4421
      View Details
    • Value Estimation
      $3,095,000
      23,270 SF

      6160 Arlington Ave

      GROCERY, SUPERMARKET • 23,270 SF
      6160 Arlington Ave, Riverside, CA 92504-1944
      View Details
    • Value Estimation by Request
      0.75 Acres

      7580 Indiana Ave

      CONVENIENCE STORE • 0.75 Acres
      7580 Indiana Ave, Riverside, CA 92504-4119
      View Details
    • Value Estimation
      $1,275,000
      2,584 SF

      2906 Madison St

      GROCERY, SUPERMARKET • 2,584 SF
      2906 Madison St, Riverside, CA 92504-4445
      View Details
    • Value Estimation by Request
      2,520 SF

      5366 Arlington Ave

      GROCERY, SUPERMARKET • 2,520 SF
      5366 Arlington Ave, Riverside, CA 92504-2503
      View Details
    • Value Estimation
      $650,000
      2.42 Acres

      17050 Van Buren Blvd

      GROCERY, SUPERMARKET • 2.42 Acres
      17050 Van Buren Blvd, Riverside, CA 92504-5939
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.06 Acres

      Riverside Industrial Property

      ±46,173 SF Land, Office & Storage
      6782 Columbus Ave, Riverside, CA 92504
      View Details
    • $2,700,000

      Retail Strip Center For Sale

      Retail strip center available for sale.
      5300 Arlington Ave, Riverside, CA 92504
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    • $175,000
      7,841.00 Acres

      Riverside Vacant Land Parcel

      Vacant land parcel suitable for new construction in Riverside.
      Ysmael Villegas St, Riverside, CA 92504
      View Details
    • $2,970,000
      1,655,280.00 Acres

      38 Acres Land in Riverside

      38 acres approved for 38 single-family residences in Riverside.
      Van Buren Blvd, Riverside, CA 92504
      View Details
    • $599,999

      Riverside Land For Sale

      Land available in Riverside, California.
      Halter Ln, Riverside, CA 92504
      View Details
    • $799,900

      Riverside Land for Sale

      Land available in Riverside, California.
      16460 Landon Ct, Riverside, CA 92504
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      4,800 SF

      Riverside Industrial Property: Prime Location

      1-acre lot, 4,800 sq ft building, high ceilings
      6782 Columbus Ave, Riverside, CA 92504
      View Details
    • Contact for pricing

      Former Bank Building For Lease

      Former bank building with drive-thru, suitable for various commercial uses.
      16920 Van Buren Blvd, Riverside, CA 92504
      View Details
    • Contact for pricing
      98,701 SF

      Arlington Square Retail Center

      Riverside, CA: 98,701 SF Available
      4022 Madison St, Riverside, CA 92504
      View Details
    • $6,720 /Mo
      5,600 SF

      Riverside Contractor Storage Yard

      Spacious, secure yard with office and storage for contractors.
      5925 Payton Ave, Riverside, CA 92504
      View Details
    • $2 SF/Yr

      Retail Property Near 91 Freeway

      Retail property with immediate access to the 91 Freeway.
      3511 Madison St, Riverside, CA 92504
      View Details
    • Contact for pricing
      5,610 SF

      Prime Woodcrest Retail & Office Space

      High-traffic location, drive-thru pad, office suite.
      16810 Van Buren Blvd, Riverside, CA 92504
      View Details
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    3199 Madison St
    Riverside, CA 92504-4477
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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