Back to Search
Property profile & analytics
FOR LEASE
Manufacturing properties
3Rd St Riverside, CA 92507
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2491749
For Lease
1 / 2
$3,040,000
3Rd St, Riverside, CA 92507
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1987
Construction
TILT-UP CONCRETE
Total area
14,561 SF
Lot
5.11 ac (222,591 SF)
Zoning code
R1
APN
250-140-037
UPID
US09-2491749
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
-
Friendly Dentistry Dental Office
-
Baby in the Belly 3D 4D Ultrasound Studio Medical Clinic
-
G Styles Barber Supply (Bike/Boat/Book/etc) Store
-
International Immigration Visa Consulting Service
-
Inland Empire Legal Services Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.76M
Comparable Approach
Comparable
$2.69M
Blend (final)
Blend
$3.04M
Owner & transaction history
Interchange Business Park I · 7 yrs held
Interchange Business Park I
since 2018
7 recorded transactions
Zoning & alternative use
R1 · Riverside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$4.7M
+26.2%
Medical building
$4.3M
+13.6%
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 Riverside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverside 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,990,000
6.5%
$2,760,000
7%
$2,560,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,740,000
Current use
WAREHOUSE, STORAGE
$4,720,000
Change: +26% · Conversion: Easy
MEDICAL BUILDING
$4,250,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$3.04M
Range $2.74M – $3.34M · ±10%
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
$209 / 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
$48,194
Tax year 2024
Assessed value
$4,298,939
Assessed 2024
Previous assessed
$4,298,939
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,639,798
Assessed improvement
$2,659,141
Applied tax rate
9.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1987
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
4
Total area
14,561 SF
Lot
5.11 ac (222,591 SF)
Zoning code
R1
APN
250-140-037
UPID
US09-2491749
Jurisdiction
RIVERSIDE
Zoning & alternative use
R1 · Riverside, CA
Zoning R1 · permitted uses
R1 · Riverside, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riverside. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.7M
WAREHOUSE, STORAGE
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.3M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1987
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
4
Lot
5.11 ac
Current owner
From public records · entity-resolved
Interchange Business Park I
Individual
Mailing address
8120 E CACTUS RD STE #300, SCOTTSDALE, AZ 85260-5261
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2019
—
Interchange Business Park I LLC
—
Deed
related
$3,600,000 · M & T Bank
Aug 20, 2018
—
Interchange Business Park I
Interchange Business Park I
Quit Claim Deed
related
$3,500,000 · M&t R/e Tr
May 31, 2001
—
Business Park I Interchange
Sm/ct Partners LP
Grant Deed
$1,900,000 · American Partners Life Ins
Mar 6, 1998
—
Sm/ct Partners LP
Ct Realty Partners IV
Grant Deed
related
—
Jan 24, 1995
—
Ct,rlty Ptnrs IV
Hundley,james E Etal
Trustees Deed
related
—
—
—
T Realty Partners C IV
—
Deed Of Trust
related
$1,600,000 · Farmers & Merchants Bk Lng Bch
—
—
Interchange Business Park I Ll
—
Deed Of Trust
related
$3,100,000 · M & T Real Estate Trust
—
—
Interchange Business Park I Ll
—
Deed Of Trust
related
$2,883,750 · Union Bank Of California
—
—
Realty Partners Ct IV
—
Deed Of Trust
related
$1,500,000 · Marine National Bank
—
—
Interchange Business Pk I LLC
—
Deed Of Trust
related
$1,125,000 · Union Bank Of California
—
—
Interchange Business Pk I LLC
—
Deed Of Trust
related
$3,975,000 · Union Bank
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.
