New search
Property profile & analytics
FOR LEASE
Warehouses
3900 Indian Ave Perris, CA 92571
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-4477610
For Lease
1 / 2
Contact for pricing
3900 Indian Ave, Perris, CA 92571
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2014
Construction
TILT-UP CONCRETE
Total area
579,708 SF
Lot
17.7 ac (771,012 SF)
Zoning code
LI
APN
303-060-022
UPID
US09-4477610
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
-
Kenco Warehouse & Storage
-
Fallas Distribution Center Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$166.99M
Blend (final)
Blend
$161.97M
Owner & transaction history
Wilshire 3900 Indian Avenue Owner L · 3 yrs held
Wilshire 3900 Indian Avenue Owner L
since 2022
Last sale
$158.0M
4 recorded transactions
Zoning & alternative use
LI · Perris, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$250.3M
+139.7%
Medical building
$158.5M
+51.7%
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 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
$164,890,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$104,440,000
Current use
AUTO REPAIR, GARAGE
$250,305,000
Change: +140% · Conversion: Easy
MEDICAL BUILDING
$158,465,000
Change: +52% · Conversion: Difficult
Blend value · Realmo final
$161.97M
Range $145.77M – $178.17M · ±10% · vs last sale $158.00M (Aug 17 2022)
Last sale anchor
$158.00M
Aug 17 2022
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
$279 / 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
$1,680,993
Tax year 2024
Assessed value
$148,474,260
Assessed 2024
Previous assessed
$148,474,260
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$19,663,560
Assessed improvement
$128,810,700
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
2014
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
579,708 SF
Lot
17.7 ac (771,012 SF)
Zoning code
LI
APN
303-060-022
UPID
US09-4477610
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
WAREHOUSE, STORAGE Current
Est. value
$104.4M
AUTO REPAIR, GARAGE
Est. value
$250.3M
MEDICAL BUILDING
Est. value
$158.5M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
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
2014
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
17.7 ac
Current owner
From public records · entity-resolved
Wilshire 3900 Indian Avenue Owner L
Individual
Free & Clear · 3 yrs held
Mailing address
5075 S SYRACUSE ST #9, DENVER, CO 80237-2712
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2023
—
Wilshire 3900 Indian Avenue Owner L
—
Deed
related
$209,500,000 · Areeif Lender LLC
Aug 17, 2022
$158,000,000
Wilshire 3900 Indian Avenue Owner L
3900 Indian Avenue LLC
Grant Deed
—
Jul 3, 2013
—
Perris Ramona LLC
—
Grant Deed
related
$21,700,000 · Bank Of America
May 14, 2013
$8,250,000
Perris Ramona LLC
Ridge Perris Ia LLC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
