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Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Office buildings
3646 Hamner Ave Norco, CA 92860-1358
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3253117
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1968
Construction
WOOD
Total area
5,064 SF
Lot
1.62 ac (70,567 SF)
Zoning code
C3
APN
130-250-003
UPID
US09-3253117
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
-
Nicole Serrano, Clockwork Property Management, BUY SELL MANAGE Real Estate Agency
-
Agent Real Estate Schools - Norco Vocational School Training Center
-
Cowboy Izzy Real Estate Professional Real Estate Agency
-
Keller Williams Realty: Tomora Tonioli Real Estate Agency
-
Cyndie Churilla - Inland Empire Home Sales Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.29M
CAP Approach
CAP
$1.31M
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$1.31M
Owner & transaction history
Oakbridge Investments LLC · 3 yrs held
Oakbridge Investments LLC
since 2023
Last sale
$1.5M
5 recorded transactions
Zoning & alternative use
C3 · Norco, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.5M
+8.7%
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 Norco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norco 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
$1,130,000
ML approach
$1,285,000
CAP Approach
CAP Return
Estimation
6%
$1,415,000
6.5%
$1,305,000
7%
$1,210,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,375,000
Current use
WAREHOUSE, STORAGE
$1,495,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±10% · vs last sale $1.50M (Feb 17 2023)
Last sale anchor
$1.50M
Feb 17 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
$259 / 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
$17,257
Tax year 2024
Assessed value
$1,530,000
Assessed 2024
Previous assessed
$1,530,000
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,034,280
Assessed improvement
$495,720
Applied tax rate
15.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1968
Construction
WOOD
Heating
NONE
Stories
1
Total area
5,064 SF
Lot
1.62 ac (70,567 SF)
Zoning code
C3
APN
130-250-003
UPID
US09-3253117
Jurisdiction
RIVERSIDE
Zoning & alternative use
C3 · Norco, CAZoning C3 · permitted uses
C3 · Norco, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.5M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
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
1968
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.62 ac
Current owner
From public records · entity-resolved
Oakbridge Investments LLC
Entity
Mailing address
1975 TANDERN WAY, NORCO, CA 92860
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2023
$1,500,000
Oakbridge Investments LLC
Gwen Phoenix LLC
Grant Deed
$750,000 · Jpmorgan Chase Bank NA
Feb 17, 2023
—
Oak Bridge Investments LLC
—
Deed
related
$600,000 · Jpmorgan Chase Bank NA
Mar 28, 1991
$1,300,000
Gwen Phoenix
Qem Co
Grant Deed
—
Apr 1, 1990
$500,500
Qbm Co
Pierce Brothers
Grant Deed
—
Jun 1, 1988
$250,000
Pierce Brothers
Grimes Robert K
Grant Deed
—
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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