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Property profile & analytics
OFF-MARKET
Estimated value
$12,435,000
Warehouses
4011 Fairgrounds St Riverside, CA 92501-1751
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US10-3246186
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1985
Total area
105,600 SF
Lot
3.96 ac (172,497 SF)
Zoning code
M1
APN
207-120-023
UPID
US10-3246186
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
-
Top Creationz Barbershop Barber Shop
-
j.suzzette House of Beauty Hair Salon
-
CubeSmart Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.86M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.44M
Owner & transaction history
U-store-it · 20 yrs held
U-store-it
since 2006
7 recorded transactions
Zoning & alternative use
M1 · Riverside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
COMMERCIAL ZONES HANDOUT A10
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%
$18,260,000
6.5%
$16,855,000
7%
$15,650,000
Blend value · Realmo final
$12.44M
Range $11.19M – $13.68M · ±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
$118 / 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
$96,194
Tax year 2024
Assessed value
$8,708,625
Assessed 2024
Previous assessed
$8,708,625
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$2,404,466
Assessed improvement
$6,304,159
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Heating
NONE
Stories
2
Units
879
Total area
105,600 SF
Lot
3.96 ac (172,497 SF)
Zoning code
M1
APN
207-120-023
UPID
US10-3246186
Jurisdiction
RIVERSIDE
Zoning & alternative use
M1 · Riverside, CAZoning M1 · permitted uses
M1 · Riverside, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
COMMERCIAL ZONES HANDOUT A10
Building & site characteristics
From public records
Year built
1985
Heating
NONE
Stories
2
Units
879
Lot
3.96 ac
Current owner
From public records · entity-resolved
U-store-it
Individual
Mailing address
PO BOX 320099, ALEXANDRIA, VA 22320-4099
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2006
—
U-store-it
Williams Storage Portfolio III
Grant Deed
—
Feb 9, 2005
$4,600,000
Williams Storage Portfolio III
Susa Ptshp
Grant Deed
$40,504 · General Electric Capital Corp
May 30, 1997
$12,350
Susa Partnership
Smith Trust
Grant Deed
—
Aug 29, 1996
—
Edward B Etal Fedishon
Fedishon,edward B Etal
Quit Claim Deed
related
—
Apr 24, 1996
—
Fedishon Trust
Kim,clark K & Do S
Grant Deed
related
—
Dec 1, 1990
$950,000
Nationwide Excha
4011 Fairgrounds
Trustees Deed
related
—
—
—
Clark K Kim
—
Deed Of Trust
related
$250,000 · 4011 Fairgrounds
—
—
Chung S Kim
—
Deed Of Trust
related
$58,000 · Security Pacific National Bank
—
—
Fedishon Trust
—
Deed Of Trust
related
$1,462,500 · Bank Of America
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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