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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Warehouses
3248 Mary St Riverside, CA 92506-4237
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2770833
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2008
Construction
WOOD
Total area
3,000 SF
Lot
2.64 ac (114,998 SF)
Zoning code
R1065
APN
229-101-060
UPID
US09-2770833
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
Current use
Occupant on record · Public records
-
Mary Street Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$810k
CAP Approach
CAP
$715k
Comparable Approach
Comparable
$737k
Blend (final)
Blend
$755k
Owner & transaction history
Gsc Mary Street LP · 12 yrs held
Gsc Mary Street LP
since 2014
7 recorded transactions
Zoning & alternative use
R1065 · Riverside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$875,000
+4.4%
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 Riverside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverside 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
by Request
ML approach
$810,000
CAP Approach
CAP Return
Estimation
6%
$775,000
6.5%
$715,000
7%
$665,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$840,000
Current use
MEDICAL BUILDING
$875,000
Change: +4% · Conversion: Difficult
OFFICE BUILDING
$710,000
Change: -16% · Conversion: Difficult
RETAIL STORES
$675,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$755k
Range $680k – $831k · ±10%
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
$252 / 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
$56,076
Tax year 2024
Assessed value
$5,068,091
Assessed 2024
Previous assessed
$5,068,091
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,222,250
Assessed improvement
$3,845,841
Applied tax rate
9.0000
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
2008
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
3
Stories
1
Bathrooms
1
Total area
3,000 SF
Lot
2.64 ac (114,998 SF)
Zoning code
R1065
APN
229-101-060
UPID
US09-2770833
Jurisdiction
RIVERSIDE
Zoning & alternative use
R1065 · Riverside, CA
Zoning R1065 · permitted uses
R1065 · Riverside, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riverside. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$840,000
MEDICAL BUILDING
Est. value
$875,000
OFFICE BUILDING
Est. value
$710,000
RETAIL STORES
Est. value
$675,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
2008
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
1
Lot
2.64 ac
Current owner
From public records · entity-resolved
Gsc Mary Street LP
Entity
Mailing address
2042 BUSINESS CTR DR STE #100, IRVINE, CA 92612-1133
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2019
—
Gsc Mary Street LP
—
Deed
related
$5,850,000 · Keybank USA
Mar 28, 2014
$4,217,000
Gsc Mary Street LP
Rcpcvj Properties LLC
Grant Deed
$3,245,000 · Kinecta FCU
Apr 13, 2009
—
Rcpcvj Properties LLC
—
Deed Of Trust
related
$2,659,401 · Premier Service Bank
Aug 23, 2007
—
Rcpcvj Properties LLC
—
Trustees Deed
related
$2,965,000 · Premier Service Bank
Jun 12, 2007
—
Rcpcvj Properties LLC
Christiansen Family Trust
Quit Claim Deed
related
—
Nov 24, 1993
—
Rv Cy
Christiansen,ral
Grant Deed
related
—
Feb 1, 1990
$95,000
Ral Christiansen
Taubert Rudolf
Grant Deed
$64,000 · Riverside National Bank
—
—
Christiansen Trust
—
Deed Of Trust
related
$68,000 · Mission Savings & Loan
—
—
Gsc Mary Street LP
—
Deed Of Trust
related
$5,850,000 · Keybank USA
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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