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Property profile & analytics
OFF-MARKET
Estimated value
$1,400,000
Medical Office Space
4024 12th St, Riverside, CA 92501-3504
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-1921659
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1961
Construction
TILT-UP CONCRETE
Total area
5,136 SF
Lot
0.42 ac (18,295 SF)
Zoning code
RO
APN
215-231-003
UPID
US10-1921659
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
-
Western Dental & Orthodontics Dental Office
-
Emergency Dentist 24/7 Riverside Dental Office
-
Universal Care: Luna Aileen C DDS Dental Office
-
Pacific Pain & Joint Centers Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.40M
CAP Approach
CAP
$1.37M
Comparable Approach
Comparable
$853k
Blend (final)
Blend
$1.40M
Owner & transaction history
Riverside Platinum Investments LLC · 1 yrs held
Riverside Platinum Investments LLC
since 2024
Last sale
$1.4M
6 recorded transactions
Zoning & alternative use
RO · Riverside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.3M
+51.8%
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
$1,400,000
ML approach
$1,400,000
CAP Approach
CAP Return
Estimation
6%
$1,480,000
6.5%
$1,365,000
7%
$1,270,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,500,000
Current use
AUTO REPAIR, GARAGE
$2,275,000
Change: +52% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,435,000
Change: -4% · Conversion: Difficult
OFFICE BUILDING
$1,390,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±10% · vs last sale $1.40M (Aug 26 2024)
Last sale anchor
$1.40M
Aug 26 2024
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
$273 / 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
$8,158
Tax year 2024
Assessed value
$725,082
Assessed 2024
Previous assessed
$725,082
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$301,188
Assessed improvement
$423,894
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1961
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Total area
5,136 SF
Lot
0.42 ac (18,295 SF)
Zoning code
RO
APN
215-231-003
UPID
US10-1921659
Jurisdiction
RIVERSIDE
Zoning & alternative use
RO · Riverside, CA
Zoning RO · permitted uses
RO · 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
MEDICAL BUILDING Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.4M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
OFFICE 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
1961
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Lot
0.42 ac
Current owner
From public records · entity-resolved
Riverside Platinum Investments LLC
Entity
Mailing address
1841 LERNER LN, SANTA ANA, CA 92705-3184
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2024
$1,400,000
Riverside Platinum Investments LLC
12th Street Riverside LLC
Grant Deed
—
Dec 18, 2019
—
12th Street Riverside LLC
Hung T Tran
Quit Claim Deed
—
Aug 22, 2016
$650,000
Transtar Properties LLC
Riverside 12th Street Investme
Grant Deed
—
Mar 29, 2002
$490,000
Riverside 12th Street Inv
Packard,steven H & Dixie L
Grant Deed
—
—
—
Steven H Packard
—
Deed Of Trust
related
$403,300 · De Anza National Bank
—
—
Riverside 12th Street Inv Grou
—
Deed Of Trust
related
$603,679 · Universal Care INC
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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