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Property profile & analytics
OFF-MARKET
Office buildings
3951 Ctr Ave Norco, CA 92860-1581
Individually Owned
9-yr Hold
Absentee Owner
Property ID
US09-0906071
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1961
Construction
WOOD
Total area
1,086 SF
Lot
0.41 ac (17,859 SF)
Zoning code
CP
APN
133-142-006
UPID
US09-0906071
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
-
PTM Rebar Placing General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Pedro E Tapia · 9 yrs held
Pedro E Tapia
since 2016
7 recorded transactions
Zoning & alternative use
CP · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,831
Tax year 2024
Assessed value
$433,202
Assessed 2024
Previous assessed
$433,202
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$142,227
Assessed improvement
$290,975
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
1961
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
4
Bathrooms
2
Total area
1,086 SF
Lot
0.41 ac (17,859 SF)
Zoning code
CP
APN
133-142-006
UPID
US09-0906071
Jurisdiction
RIVERSIDE
Zoning & alternative use
CP · Norco, CAZoning CP · permitted uses
CP · Norco, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1961
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
2
Lot
0.41 ac
Current owner
From public records · entity-resolved
Pedro E Tapia
Individual
Mailing address
2112 W ONTARIO AVE, CORONA, CA 92882-5651
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2018
—
Pedro E Tapia
—
Deed
related
$231,026 · Jpmorgan Chase Bank NA
Dec 28, 2016
$360,000
Pedro E Tapia
Commercial Loan Solutions III LLC
Grant Deed
$230,000 · Pacific Enterprise Bank
Oct 22, 2014
$240,000
Commercial Loan Solutions III
Sheriff Of Riverside County
Trustees Deed
related
—
Oct 3, 2008
$440,000
Michael Thompson
Long,robert & Kathleen
Grant Deed
$352,000 · Bank Of The West
Sep 7, 2007
$412,500
Robert Long
Sheila Boudreau
Grant Deed
$202,500 · Abn Amro Mortgage Group INC
Sep 10, 2004
$349,000
Sheila Boudreau
Carberry,keyth M & Lynda
Grant Deed
$279,200 · Greenpoint Mortgage Funding
Jan 28, 2000
$158,000
Lynda Carberry
Cowley,taryn
Grant Deed
$118,500 · Countrywide Home Loans INC
Nov 1, 1988
$127,500
Taryn Cowley
Cason Don
Grant Deed
$114,750 · Mutual Mortgage
—
—
Sharon Miller
—
Deed Of Trust
related
$35,875 · Bank Of America
—
—
Taryn Cowley
—
Deed Of Trust
related
$108,750 · Standard Federal Bank
—
—
Taryn Cowley
—
Deed Of Trust
related
$118,600 · Wells Fargo Bank
—
—
Keyth M Carberry
—
Deed Of Trust
related
$17,800 · Washington Mutual Fsb
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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