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Property profile & analytics
OFF-MARKET
Estimated value
$4,800,000
Manufacturing properties
4851 Felspar St Riverside, CA 92509-3024
Entity Owned
12-yr Hold
Free & Clear
Property ID
US09-2474911
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2000
Total area
20,000 SF
Lot
8.46 ac (368,517 SF)
Zoning code
M1
APN
167-160-013
UPID
US09-2474911
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
-
EZ Stacker Department Store
-
The Peggs Company, Inc. Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.94M
Comparable Approach
Comparable
$4.59M
Blend (final)
Blend
$4.80M
Owner & transaction history
Western Horizon LLC · 12 yrs held
Western Horizon LLC
since 2013
6 recorded transactions
Zoning & alternative use
M1 · Riverside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.7M
+14.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,265,000
6.5%
$3,940,000
7%
$3,655,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,840,000
Current use
RETAIL STORES
$6,685,000
Change: +15% · Conversion: Moderate
MEDICAL BUILDING
$5,840,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$4.80M
Range $4.32M – $5.28M · ±10%
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
$240 / 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
$71,708
Tax year 2024
Assessed value
$6,587,277
Assessed 2024
Previous assessed
$6,587,277
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$3,540,356
Assessed improvement
$3,046,921
Applied tax rate
28.0000
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
2000
Heating
NONE
Stories
1
Total area
20,000 SF
Lot
8.46 ac (368,517 SF)
Zoning code
M1
APN
167-160-013
UPID
US09-2474911
Jurisdiction
RIVERSIDE
Zoning & alternative use
M1 · Riverside, CA
Zoning M1 · permitted uses
M1 · 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
$5.8M
RETAIL STORES
Est. value
$6.7M
MEDICAL BUILDING
Est. value
$5.8M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
MEDICAL 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
2000
Heating
NONE
Stories
1
Lot
8.46 ac
Current owner
From public records · entity-resolved
Western Horizon LLC
Entity
Free & Clear · 12 yrs held
Mailing address
PO BOX 907, MIRA LOMA, CA 91752-0907
Ownership since
2013
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
Dec 30, 2013
—
Western Horizon LLC
Nelson,chresten & Anne
Quit Claim Deed
—
Dec 30, 2011
—
Peggs J L & N L Family Trust
Peggs,johnny L & Nancy L
Quit Claim Deed
related
—
May 13, 2010
—
Peggs J L & N L Family Trust
Peggs,johnny L & Nancy L
Quit Claim Deed
related
—
Jan 1, 1990
—
Christen Nelson
Heritage Group 1
Grant Deed
related
—
—
—
Chresten Nelson
—
Deed Of Trust
related
$250,000 · Individual
—
—
Chresten Nelson
—
Deed Of Trust
related
$900,000 · Sanwa Bank California
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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