Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,480,000
Manufacturing properties
4223 Fairgrounds St Riverside, CA 92501-1771
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-3594092
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1987
Construction
TILT-UP CONCRETE
Total area
11,368 SF
Lot
0.92 ac (40,075 SF)
Zoning code
M1-BP
APN
207-130-018
UPID
US09-3594092
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
-
Golden State Concrete Pumping Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.37M
CAP Approach
CAP
$2.24M
Comparable Approach
Comparable
$3.36M
Blend (final)
Blend
$3.48M
Owner & transaction history
Professional Re Holdings LLC
Professional Re Holdings LLC
since 2026
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
M1-BP · Riverside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.4M
+132.8%
Auto repair, garage
$5.0M
+117.5%
Medical building
$3.3M
+43.3%
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
$3,360,000
ML approach
$3,365,000
CAP Approach
CAP Return
Estimation
6%
$2,425,000
6.5%
$2,240,000
7%
$2,080,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,315,000
Current use
RESTAURANT
$5,390,000
Change: +133% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,035,000
Change: +117% · Conversion: Easy
MEDICAL BUILDING
$3,320,000
Change: +43% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,180,000
Change: +37% · Conversion: Easy
Blend value · Realmo final
$3.48M
Range $3.13M – $3.83M · ±10% · vs last sale $3.66M (Nov 24 2025)
Last sale anchor
$3.66M
Nov 24 2025
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
$306 / 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
$39,136
Tax year 2024
Assessed value
$3,547,152
Assessed 2024
Previous assessed
$3,547,152
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$1,201,152
Assessed improvement
$2,346,000
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
Off-Market
Year built
1987
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
11,368 SF
Lot
0.92 ac (40,075 SF)
Zoning code
M1-BP
APN
207-130-018
UPID
US09-3594092
Jurisdiction
RIVERSIDE
Zoning & alternative use
M1-BP · Riverside, CA
Zoning M1-BP · permitted uses
M1-BP · 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
$2.3M
RESTAURANT
Est. value
$5.4M
AUTO REPAIR, GARAGE
Est. value
$5.0M
MEDICAL BUILDING
Est. value
$3.3M
WAREHOUSE, STORAGE
Est. value
$3.2M
INDUSTRIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
Lot
0.92 ac
Current owner
From public records · entity-resolved
Professional Re Holdings LLC
Entity
Mailing address
27126 WATSON RD, MENIFEE, CA 92585-9792
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2026
—
Professional Re Holdings LLC
Professional Re Holdings LLC
Deed
related
—
Nov 24, 2025
$3,656,000
Professional Renovation Services
Jar Commercial Investments LLC
Grant Deed
$2,161,000 · First Citizens Bank & Trust Co
Nov 14, 2022
$3,478,000
Jar Commercial Investments LLC
Seal Rock LLC
Grant Deed
—
Jul 5, 2018
—
Seal Rock LLC
S C Southwest LLC
Quit Claim Deed
related
—
Sep 15, 2016
—
S C Southwest LLC
Dickinson Family Trust
Quit Claim Deed
related
—
Dec 19, 2014
$1,175,000
Dickinson Family Living Trust
M & B Holdings LLC
Grant Deed
—
Mar 29, 2007
—
M & B Holdings LLC
Perry,robert S & Monica
Grant Deed
—
May 10, 2002
—
Robert S Perry
Riverside Turtlerock LLC
Grant Deed
$595,000 · Wells Fargo Bank
Mar 18, 1999
—
Turtlerock Rv
Peykoff,andrew D Etux
Quit Claim Deed
related
—
—
—
Robert S Perry
—
Deed Of Trust
related
$200,000 · Inland Empire National 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?”
You own 4223 Fairgrounds St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
