New search
Property profile & analytics
OFF-MARKET
Estimated value
$11,750,000
Medical Office Space
4244 Riverwalk Pkwy, Riverside, CA 92505-8509
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3062213
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Construction
TILT-UP CONCRETE
Total area
38,464 SF
Lot
2.86 ac (124,581 SF)
APN
141-260-033
UPID
US09-3062213
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
-
Loma Linda University Health Medical Clinic Ophthalmologist
-
Reproductive Fertility Center Medical Clinic
-
Riverside Family Physicians Medical Clinic
-
Loma Linda University Eye Institute at Riverwalk Ophthalmologist
-
Cranial Technologies Orthotics & Prosthetics Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.75M
CAP Approach
CAP
$9.31M
Comparable Approach
Comparable
$14.75M
Blend (final)
Blend
$11.75M
Owner & transaction history
Riverwalk Parkway I LLC · 2 yrs held
Riverwalk Parkway I LLC
since 2024
Last sale
$11.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$18.2M
+62.4%
Auto repair, garage
$17.0M
+51.8%
Retail stores
$13.7M
+21.7%
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
$11,750,000
ML approach
$11,750,000
CAP Approach
CAP Return
Estimation
6%
$10,085,000
6.5%
$9,310,000
7%
$8,645,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$11,230,000
Current use
RESTAURANT
$18,240,000
Change: +62% · Conversion: Difficult
AUTO REPAIR, GARAGE
$17,045,000
Change: +52% · Conversion: Difficult
RETAIL STORES
$13,665,000
Change: +22% · Conversion: Difficult
WAREHOUSE, STORAGE
$10,750,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$11.75M
Range $10.58M – $12.93M · ±10% · vs last sale $11.75M (Jun 24 2024)
Last sale anchor
$11.75M
Jun 24 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
$305 / 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
$190,486
Tax year 2024
Assessed value
$15,232,685
Assessed 2024
Previous assessed
$15,232,685
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$2,231,037
Assessed improvement
$13,001,648
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
2007
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Total area
38,464 SF
Lot
2.86 ac (124,581 SF)
APN
141-260-033
UPID
US09-3062213
Jurisdiction
RIVERSIDE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$11.2M
RESTAURANT
Est. value
$18.2M
AUTO REPAIR, GARAGE
Est. value
$17.0M
RETAIL STORES
Est. value
$13.7M
WAREHOUSE, STORAGE
Est. value
$10.8M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
2007
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Lot
2.86 ac
Current owner
From public records · entity-resolved
Riverwalk Parkway I LLC
Entity
Mailing address
1920 MAIN ST STE 1200TH IRVINE
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2024
$11,750,000
Riverwalk Parkway I LLC
Faec Holdings Riverwalk LLC
Grant Deed
$9,050,000 · Cibc Bank USA
Dec 21, 2017
$13,655,500
Faec Holdings Riverwalk LLC
Mmac Ht I Riverside LLC
Grant Deed
—
Dec 5, 2016
—
Mmac Ht I Riverside LLC
—
Deed
related
$49,350,000 · Bank Of America
Jul 27, 2015
$8,955,000
Mmac Ht I Riverside LLC
M-iii Riverwalk 8 Property LLC
Grant Deed
$37,570,000 · Bank Of America
Dec 24, 2012
—
M-iii Riverwalk 8 Property LLC
—
Deed Of Trust
related
$5,525,645 · Bank Of Kansas City
Sep 4, 2012
—
M-iii Riverwalk 8 Property LLC
M-iii Riverwalk 8 LLC
Quit Claim Deed
—
Sep 4, 2012
$5,159,562
M-iii Riverwalk 8 LLC
Turner Riverwalk-8 LLC
Deed In Lieu Of Foreclosure
related
—
Aug 29, 2008
—
Turner Riverwalk-8 LLC
Turner Roger E Trust
Quit Claim Deed
$9,100,000 · Bank Of America
Jun 27, 2007
—
Turner,roger E Trust
Turner Riverwalk-1 LLC
Quit Claim Deed
related
—
—
—
Mmac Ht I Riverside LLC
—
Loan Modification
related
$44,400,000 · Bank Of America
—
—
Turner Riverwalk - 8 LLC
—
Deed Of Trust
related
—
—
—
Turner Riverwalk - 8 LLC
—
Deed Of Trust
related
$8,167,000 · Bank Of America
—
—
Mmac Ht I Riverside LLC
—
Loan Modification
related
$49,350,000 · 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.
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 4244 Riverwalk Pkwy?
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.
