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Property profile & analytics
OFF-MARKET
Estimated value
$1,610,000
Medical Office Space
4334 Central Ave, Riverside, CA 92506-2918
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0084163
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1976
Construction
WOOD
Total area
6,958 SF
Lot
0.49 ac (21,344 SF)
Zoning code
R1
APN
225-201-056
UPID
US09-0084163
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
-
Health Care Imaging Center: Frederick Harold M MD Physician
-
Berner Mitchell A MD Physician Medical Clinic
-
riverside advanced imaging Medical Clinic
-
Imigining xrSys Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.49M
CAP Approach
CAP
$1.87M
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$1.61M
Owner & transaction history
Central Riverside Investors LLC · 4 yrs held
Central Riverside Investors LLC
since 2021
Last sale
$2.0M
6 recorded transactions
Zoning & alternative use
R1 · Riverside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,155,000
ML approach
$1,485,000
CAP Approach
CAP Return
Estimation
6%
$2,025,000
6.5%
$1,870,000
7%
$1,735,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,030,000
Current use
WAREHOUSE, STORAGE
$1,945,000
Change: -4% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,695,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.61M
Range $1.45M – $1.77M · ±10% · vs last sale $2.00M (Oct 5 2021)
Last sale anchor
$2.00M
Oct 5 2021
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
$231 / 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
$9,833
Tax year 2024
Assessed value
$883,148
Assessed 2024
Previous assessed
$883,148
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$395,352
Assessed improvement
$487,796
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
1976
Construction
WOOD
Heating
NONE
Stories
1
Total area
6,958 SF
Lot
0.49 ac (21,344 SF)
Zoning code
R1
APN
225-201-056
UPID
US09-0084163
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
MEDICAL BUILDING Current
Est. value
$2.0M
WAREHOUSE, STORAGE
Est. value
$1.9M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
MEDICAL BUILDING Current
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1976
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Central Riverside Investors LLC
Entity
Mailing address
3240 MSN INN AVE, RIVERSIDE, CA 92507-4069
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Oct 5, 2021
$2,000,000
Central Riverside Investors LLC
Hicks Commercial Properties LLC
Grant Deed
$2,000,000 · Citizens Business Bank
May 8, 2012
—
Hicks Commercial Properties Ll
Hicks Family Trust
Quit Claim Deed
related
—
Apr 17, 2003
$1,260,000
Hicks,tr
Central Riverside Partnership
Grant Deed
$860,000 · Provident Savings Bank
—
—
Riverside Ptshp Central
—
Deed Of Trust
related
$525,000 · Bank Of America
—
—
Central Riversid
—
Deed Of Trust
related
$780,000 · Bank Of Hemet
—
—
Hicks Family Trust
—
Deed Of Trust
related
$800,000 · 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.
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