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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Strip malls
3940 California Ave Norco, CA 92860-1789
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-4515459
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Construction
WOOD
Total area
3,179 SF
Lot
0.24 ac (10,454 SF)
Zoning code
R106
APN
133-160-034
UPID
US09-4515459
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
-
J R Party Supply Party Supply Store (Bike/Boat/Book/etc) Store
-
RAZOR SHARP CUTZ Barber Shop
-
Ghosttown tattoos Tattoo & Piercing Shop
-
Breezway Thrifty Glass Co Hardware & Home Improvement Home Decor Store
-
Cali cuts Norco barber shop Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
$615k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$585k
Owner & transaction history
Sandra Olsen · 4 yrs held
Sandra Olsen
since 2022
Last sale
$580,000
4 recorded transactions
Zoning & alternative use
R106 · Norco, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$605,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
$670,000
6.5%
$615,000
7%
$575,000
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $580k (Jul 12 2022)
Last sale anchor
$580k
Jul 12 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
$184 / 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
$6,951
Tax year 2024
Assessed value
$621,874
Assessed 2024
Previous assessed
$621,874
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$160,829
Assessed improvement
$461,045
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
NONE
Stories
1
Total area
3,179 SF
Lot
0.24 ac (10,454 SF)
Zoning code
R106
APN
133-160-034
UPID
US09-4515459
Jurisdiction
RIVERSIDE
Zoning & alternative use
R106 · Norco, CA
Zoning R106 · permitted uses
R106 · Norco, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norco. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Sandra Olsen
Individual
Free & Clear · 4 yrs held
Mailing address
970 W VLY PKWY #760, ESCONDIDO, CA 92025-2554
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
Dec 13, 2024
—
Rj Mission Plaza LLC
—
Deed
related
$546,000 · Commercial Bank Of Ca
Jul 12, 2022
—
Sandra Olsen
James Olsen
Affidavit Of Death Of Joint Tenant
related
—
Jan 21, 2020
$580,000
Rj Mission Plaza LLC
Sandra Olsen
Grant Deed
$400,000 · Allstar Financial Services INC
Jan 21, 2020
—
Sandra Olsen
James L Olsen
Affidavit Of Death
related
—
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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