New search
Property profile & analytics
OFF-MARKET
Estimated value
$14,895,000
Warehouses
450 Rider St Perris, CA 92571
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-4062962
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2023
Construction
TILT-UP CONCRETE
Total area
426,546 SF
Lot
14.78 ac (643,816 SF)
Zoning code
LI
APN
303-170-014
UPID
US09-4062962
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.90M
Owner & transaction history
Idil Rider 2 LP · 1 yrs held
Idil Rider 2 LP
since 2025
Last sale
$17.5M
7 recorded transactions
Zoning & alternative use
LI · Perris, 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 Perris submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Perris 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
$20,335,000
ML approach
$11,660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$14.90M
Range $13.41M – $16.38M · ±10% · vs last sale $17.50M (Nov 1 2021)
Last sale anchor
$17.50M
Nov 1 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
$35 / 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
$896,830
Tax year 2024
Assessed value
$77,296,370
Assessed 2024
Previous assessed
$77,296,370
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$7,337,370
Assessed improvement
$69,959,000
Applied tax rate
8.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2023
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
426,546 SF
Lot
14.78 ac (643,816 SF)
Zoning code
LI
APN
303-170-014
UPID
US09-4062962
Jurisdiction
RIVERSIDE
Zoning & alternative use
LI · Perris, CA
Zoning LI · permitted uses
LI · Perris, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Perris. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2023
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
14.78 ac
Current owner
From public records · entity-resolved
Idil Rider 2 LP
Entity
Free & Clear · 1 yrs held
Mailing address
1197 PEACHTREE ST NE STE #600, ATLANTA, GA 30361-3577
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2025
—
Idil Rider 2 LP
Idig Rider Distribution Center LP
Deed
related
—
Jan 27, 2025
—
Idil Rider 2 LP
Idig Rider Djstribution Center LP
Deed
related
—
Nov 1, 2021
—
Idig Rider Distribution Center LLC
Eastern Municipal Water District
Quit Claim Deed
related
—
May 24, 2018
—
Idig Rider Distribution Ctr Ll
Redir LLC
Quit Claim Deed
related
—
May 9, 2017
$17,500,000
Idig Rider Distribution Center
Perris California LLC
Grant Deed
—
May 8, 2017
—
Perris California LLC
Fr/cal Perris Channel LLC
Quit Claim Deed
—
Jul 5, 2007
—
Ggg Ptshp
Jordan Family Trust
Quit Claim Deed
—
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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