Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3750 Myers St Riverside, CA 92503-4297

    Property Lookup

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

    3750 Myers St Riverside, CA 92503-4297

    View on Map
    • Apartment buildings
    • 5,355 SF
    • 1.99 lot acres
    Off-Market
    Property ID
    US09-2814039
    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.
    Value Estimations
    $47,830,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Magnolia Villa Apartments / Apartment Building

    Property Details for 3750 Myers St

    Year built
    1987
    Construction
    WOOD
    Lot size
    1.99 lot acres
    Property size
    5,355 SF
    Zone code
    R106
    Property type
    Apartment buildings
    APN
    234-092-049
    APU
    234092049

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.45
    Latitude
    33.9171
    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
    2024
    $44,543
    $783,549
    $3,098,934
    $3,882,483
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,740,000
      3,372 SF

      8473 Philbin Ave

      APARTMENT HOUSE (5+ UNITS) • 3,372 SF
      8473 Philbin Ave, Riverside, CA 92503-1887
      View Details
    • Value Estimation
      $15,600,000
      1,732 SF

      10406 Indiana Ave

      APARTMENT HOUSE (5+ UNITS) • 1,732 SF
      10406 Indiana Ave, Riverside, CA 92503-8302
      View Details
    • Value Estimation by Request
      16,398 SF

      4041 Van Buren Blvd

      APARTMENT HOUSE (5+ UNITS) • 16,398 SF
      4041 Van Buren Blvd, Riverside, CA 92503-3736
      View Details
    • Value Estimation by Request
      12,544 SF

      6506 Doolittle Ave

      APARTMENT HOUSE (100+ UNITS) • 12,544 SF
      6506 Doolittle Ave, Riverside, CA 92503-1401
      View Details
    • Value Estimation by Request
      234,750 SF

      3100 Van Buren Blvd

      APARTMENT HOUSE (100+ UNITS) • 234,750 SF
      3100 Van Buren Blvd, Riverside, CA 92503-5623
      View Details
    • Value Estimation
      $2,850,000
      2,832 SF

      5778 Corwin Ln

      APARTMENT HOUSE (5+ UNITS) • 2,832 SF
      5778 Corwin Ln, Riverside, CA 92503-1968
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Duplex with Pool and Garages

      Duplex featuring a pool, garages, and fenced yards.
      4041 Mcarthur Rd, Riverside, CA 92503
      View Details
    • Contact for pricing

      Income-Producing Multifamily Investment Opportunity

      Four income-producing units on approximately one acre. Expansion potential.
      5875 Picker St, Riverside, CA 92503
      View Details
    • $640,000
      1,960 SF

      Riverside Duplex with Pool

      Duplex featuring a pool, garages, and fenced yards.
      4041 Mcarthur Rd, Riverside, CA 92503
      View Details
    • Contact for pricing

      Riverside Duplex: Turnkey Investment

      Fully rented duplex in Riverside, offering immediate rental income.
      9330 Saffron Ct, Riverside, CA 92503
      View Details
    • $699,000
      1,768 SF

      Riverside Duplex: Turnkey Investment

      Fully rented duplex in Riverside with immediate rental income.
      9330 Saffron Ct, Riverside, CA 92503
      View Details

    Similar Nearby for Lease

    • $1.35 SF/Yr
      1,810 SF

      Arlington Airpark Plaza Flex Space

      Multi-tenant flex space available for lease in Arlington Airpark.
      7209 Arlington Ave, Riverside, CA 92503
      View Details
    • Contact for pricing

      Magnolia Avenue Retail Center

      Fully leased retail center on Magnolia Avenue in Riverside.
      9781-9789 Magnolia Ave, Riverside, CA 92503
      View Details
    • $3 SF/Yr
      6,387 SF

      Riverside Retail/Medical Space Available

      2,800 SF retail or medical space near 91 Freeway.
      9204 Magnolia Ave, Riverside, CA 92503
      View Details
    • Contact for pricing
      2,400 SF

      Riverside Flex Space Available

      2,400 SF flex space for rent in Riverside.
      12321 Magnolia Ave, Riverside, CA 92503
      View Details
    • Contact for pricing

      Arlington Station Freestanding Building

      Freestanding building with dock doors, office space, and secured yard.
      9565 Rudicill St, Riverside, CA 92503
      View Details
    • Contact for pricing
      62,726 SF

      Riverside County Acreage for Lease

      1.44 acre site with modular office and 100,000 lb scale.
      12801 Magnolia Ave, Riverside, CA 92503
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3750 Myers St
    Riverside, CA 92503-4297
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!