Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    378 4Th St Perris, CA 92570

    Property Lookup

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

    378 4Th St Perris, CA 92570

    View on Map
    • Retail space
    • 1,821 SF
    • 0.19 lot acres
    For Sale
    $1,250,000
    View Listing →
    Downtown Perris Mixed-Use Opportunity For Sale
    $1,250,000
    1,878 SF

    Downtown Perris Mixed-Use Opportunity

    High-traffic corner lot, new construction.

    378 4Th St, Perris, CA 92570
    View Listing
    Property ID
    US09-3568396
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Rocket Portable Toilet Rentals / Building Supply

    Property Details for 378 4Th St

    Year built
    2023
    Construction
    WOOD
    Lot size
    0.19 lot acres
    Property size
    1,821 SF
    Zone code
    R1
    Property type
    Retail space
    APN
    313-131-026
    APU
    313131026

    Description

    This exceptional new construction mixed-use building, located at 378 4th Street in Perris, CA, presents a unique investment opportunity. Situated on a highly visible, signalized corner lot in the burgeoning Downtown Perris area, this property boasts impressive daily traffic counts, with an estimated 35,000 vehicles passing by. The 1,878 square foot building offers versatile space ideal for a variety of commercial uses, including retail, office, or food service establishments. The flexible layout allows for owner-occupancy with rental income potential from additional spaces. The 0.19-acre lot provides ample space, including 12 parking spaces, ensuring convenient access for customers and employees. This prime location offers unparalleled exposure and significant growth potential in a rapidly developing area. The building's new construction status ensures modern amenities and efficient operation. Don't miss this chance to own a thriving commercial property in a high-demand location. The asking price is $1,250,000. The lot size is 8,276 square feet.

    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
    Perris
    County
    Riverside
    State
    California
    Longitude
    -117.235
    Latitude
    33.7827
    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
    $5,033
    $94,818
    $348,000
    $442,818
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      308 D St

      RETAIL STORES (PERSONAL SERVICES)
      308 D St, Perris, CA 92570-2133
      View Details
    • Value Estimation by Request
      0.05 Acres

      306 D St

      RETAIL STORES (PERSONAL SERVICES) • 0.05 Acres
      306 D St, Perris, CA 92570-2133
      View Details
    • Value Estimation by Request
      0.19 Acres

      Perris, CA 92570

      RETAIL STORES (PERSONAL SERVICES) • 0.19 Acres
      Perris, CA 92570
      View Details
    • Value Estimation by Request
      1.08 Acres

      19450 Clark St

      RETAIL STORES (PERSONAL SERVICES) • 1.08 Acres
      19450 Clark St, Perris, CA 92570-7566
      View Details
    • Value Estimation
      $3,275,000
      18,898 SF

      3150 Case Rd Bldg A

      RETAIL STORES (PERSONAL SERVICES) • 18,898 SF
      3150 Case Rd Bldg A, Perris, CA 92570-5552
      View Details
    • Value Estimation
      $4,210,000
      27,448 SF

      876 D St

      RETAIL STORES (PERSONAL SERVICES) • 27,448 SF
      876 D St, Perris, CA 92570-2428
      View Details

    Similar Nearby for Sale

    • $1,299,500

      New Commercial Building in Downtown

      High-visibility commercial building ideal for medical or professional use.
      378 W 4Th St, Perris, CA 92570
      View Details
    • Contact for pricing

      Freeway Plaza Retail Opportunity

      80,490 SF shopping center with freeway frontage in Perris.
      333 Wilkerson Ave, Perris, CA 92570
      View Details
    • $2,100,000
      142,005.60 Acres

      Prime Commercial Corner Lot

      3+ acre commercial lot in high-traffic Perris corridor.
      Cajalco Rd, Perris, CA 92570
      View Details
    • $1,500,000

      Prime Commercial Property For Sale

      Corner property with redevelopment potential in a growing area.
      600 S D St, Perris, CA 92570
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Freestanding QSR Opportunity

      Freestanding and interior QSR spaces available with ample truck parking.
      23261 Cajalco Rd, Perris, CA 92570
      View Details
    • Contact for pricing

      Retail/Drive-Thru Parcel Available

      39,204 SF retail/drive-thru parcel for lease, ground lease, sale.
      21705 Cajalco Rd, Perris, CA 92570
      View Details
    • Contact for pricing

      7.82 Acres Retail Opportunity

      7.82 acres available for ground lease, build to suit.
      74 And Dockery Ln, Perris, CA 92570
      View Details
    • Contact for pricing

      Perris Retail Property For Rent

      Retail property with freeway visibility in Perris, California.
      Seq Nuevo Rd. & I-215 Fwy, Perris, CA 92570
      View Details
    • Contact for pricing

      Retail and Restaurant Spaces Available

      Retail and restaurant spaces available with freeway signage.
      Nec Cajalco Expy & Harvill Ave, Perris, CA 92570
      View Details
    • Contact for pricing
      53,275 SF

      Perris Crossdock Warehouse for Rent

      53,275 SF crossdock warehouse with fenced yard and freeway access.
      19885 Harvill Ave, Perris, CA 92570
      View Details
    View Listing
    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.
    378 4Th St
    Perris, CA 92570
    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!