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Property profile & analytics
OFF-MARKET
Estimated value
$990,000
Warehouses
557 6th St, Norco, CA 92860-1540
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2975711
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1925
Construction
WOOD
Total area
648 SF
Lot
0.81 ac (35,283 SF)
Zoning code
CP
APN
133-150-033
UPID
US10-2975711
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
-
Majestic Rock & Material Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
Park West Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$990k
Owner & transaction history
Steve S Oilfield Service INC · 5 yrs held
Steve S Oilfield Service INC
since 2021
Last sale
$925,000
7 recorded transactions
Zoning & alternative use
CP · Norco, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$665,000
+246.5%
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 Norco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norco 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
$1,075,000
ML approach
$1,030,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$665,000
Change: +246% · Conversion: Difficult
Blend value · Realmo final
$990k
Range $891k – $1.09M · ±10% · vs last sale $925k (Jun 24 2021)
Last sale anchor
$925k
Jun 24 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
$1,528 / 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
$10,915
Tax year 2024
Assessed value
$981,617
Assessed 2024
Previous assessed
$981,617
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$397,953
Assessed improvement
$583,664
Applied tax rate
15.0000
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
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1925
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Bathrooms
1
Total area
648 SF
Lot
0.81 ac (35,283 SF)
Zoning code
CP
APN
133-150-033
UPID
US10-2975711
Jurisdiction
RIVERSIDE
Zoning & alternative use
CP · Norco, CA
Zoning CP · permitted uses
CP · Norco, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norco. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$665,000
COMMERCIAL (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
1925
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.81 ac
Current owner
From public records · entity-resolved
Steve S Oilfield Service INC
Entity
Mailing address
301 8TH ST, SEAL BEACH, CA 90740-6307
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2021
$925,000
Steve S Oilfield Service INC
Th Street Ventures LLC
Grant Deed
—
Jun 20, 2005
—
6th Street Ventures LLC
Coronado Ventures LLC
Grant Deed
—
Jan 21, 2005
$580,000
Coronado Ventures LLC
Essenmacher,todd M
Grant Deed
—
Jan 21, 2005
—
Todd M Essenmacher
Essenmacher,todd M
Quit Claim Deed
related
—
Feb 28, 2002
$300,000
Todd M Essenmacher
Gogin,edward F & Barbara D
Grant Deed
$225,000 · Community Bank NA
Oct 2, 1998
—
Edward F Etal Gogin
Gogin,edward F Etux
Quit Claim Deed
related
—
Dec 1, 1991
$188,000
Edward F Gogin
Unknown
Grant Deed
—
—
—
6th Street Ventures LLC
—
Deed Of Trust
related
$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.
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