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Property profile & analytics
FOR LEASE
Manufacturing properties
3411 North Perris Blvd Perris, CA 92571
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0255879
For Lease
$20,075,000
3411 North Perris Blvd, Perris, CA 92571
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1986
Total area
91,960 SF
Lot
19.25 ac (838,530 SF)
Zoning code
LI
APN
303-120-012
UPID
US09-0255879
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
-
Genesis Supreme RV - Plant 2 Industrial Manufacturer Production Facility
-
Pacific Coachworks Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.58M
Blend (final)
Blend
$20.08M
Owner & transaction history
Perris Industrial II LLC · 5 yrs held
Perris Industrial II LLC
since 2020
Last sale
$21.5M
7 recorded transactions
Zoning & alternative use
LI · Perris, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$25.1M
+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
by Request
ML approach
$12,265,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$17,980,000
Current use
MEDICAL BUILDING
$25,135,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$20.08M
Range $18.07M – $22.08M · ±10% · vs last sale $21.52M (Jul 17 2020)
Last sale anchor
$21.52M
Jul 17 2020
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
$218 / 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
$219,296
Tax year 2024
Assessed value
$19,119,780
Assessed 2024
Previous assessed
$19,119,780
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$6,094,138
Assessed improvement
$13,025,642
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 Lease
Year built
1986
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
91,960 SF
Lot
19.25 ac (838,530 SF)
Zoning code
LI
APN
303-120-012
UPID
US09-0255879
Jurisdiction
RIVERSIDE
Zoning & alternative use
LI · Perris, CA
Zoning LI · permitted uses
LI · 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
$18.0M
MEDICAL BUILDING
Est. value
$25.1M
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
1986
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
19.25 ac
Current owner
From public records · entity-resolved
Perris Industrial II LLC
Entity
Mailing address
515 S FIGUEROA ST STE #1600, LOS ANGELES, CA 90071-3337
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Jun 25, 2024
—
Perris Industrial II LLC
—
Deed
related
$19,500,000 · Voya Investment Management LLC
Jul 17, 2020
$21,517,000
Perris Industrial II LLC
Double Run LP
Grant Deed
—
Oct 17, 2016
$15,400,000
Double Run LP
Pv Perris LLC
Grant Deed
—
Sep 15, 2015
$11,350,000
Pv Perris LLC
Riverside One LP
Grant Deed
$8,870,000 · Miscellaneous Ins Co
Aug 28, 2012
$9,450,000
Riverside One LP
American Life Dev Co LLC
Grant Deed
—
Dec 29, 2011
$9,250,000
American Life Dev Co LLC
First Indl LP
Grant Deed
$5,750,000 · First Industrial LP
May 22, 2007
—
Industrial First
National Rv Holdings INC
Grant Deed
—
Dec 11, 1995
—
National R V INC
—
Grant Deed
related
$5,073,973 · Union Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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