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5950 Wilderness Ave, Riverside, CA 92504
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Property summary
AI-generated overview
This Riverside, CA property at 5950 Wilderness Ave, 92504 offers diverse commercial space options. The 48,706 square foot building, built in 1968, sits on 2.33 acres and is zoned M1, Riverside (APN: 189-080-001). It features a flexible layout suitable for warehouse, flex, traditional office, and coworking uses, with spaces divisible down to 300 square feet. The building boasts a 16-foot ceiling height and one dock-high door, ideal for efficient loading and unloading. Amenities include 24/7 access, high-speed internet, customized warehouse units, package and mail handling, complimentary beverages, on-site management, CCTV security, and dedicated or shared loading docks. Forklift rentals are also available. This versatile property provides a range of solutions for businesses of all sizes, from small startups to established enterprises, seeking short-term or long-term leases. The property's convenient location and comprehensive amenities make it an attractive option for companies seeking a productive and efficient workspace.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1968
Construction
TILT-UP CONCRETE
Total area
48,643 SF
Lot
2.33 ac (101,494 SF)
APN
189-080-001
UPID
US09-3425623
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Theater & Performing Art Venue
-
Event Planning Wedding Service
-
Cosmetic Store
-
City Government Office
-
Tea Manufacturer
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.38M
Comparable Approach
Comparable
$6.08M
Blend (final)
Blend
$7.87M
Owner & transaction history
since 2025
Last sale
$8.0M
2 recorded transactions
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 8 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$7.87M
Value range
$7.08M – $8.65M
±10% around blend
Estimated value / SF
$162 / SF
Confidence
High
8 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
80
$7.08M
blend $7.87M
$8.65M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
48,643 SF
Lot area
2.33 ac
Year built
1968
Stories
1
APN
189-080-001
Assessed value
$9,945,000
Annual tax
$109,273
3
Income approach: direct capitalization
Partial preview
Income approach indication
$9.38M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$10.16M
@ 6.5% CAP return
$9.38M
@ 7% CAP return
$8.71M
4
Sales comparison
Partial preview
Sales approach indication
$11.62M
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.7 mi away · 36,576 SF
8.5 mi away · 41,820 SF
9.2 mi away · 34,573 SF
10.5 mi away · 53,085 SF
12.1 mi away · 45,856 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$7.87M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 45 sales
$202
-20%
Submarket 300 sales
$244
-34%
County 1211 sales
$223
-28%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $162/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$8.00M
Move the market yield to see immediate price impact.
Value / SF
$164
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$504k
$10.08M
$7.20M
$5.60M
$560k
$11.20M
$8.00M
$6.22M
$616k
$12.32M
$8.80M
$6.84M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$16.35M
4.4 mi · Dec 2025 · $305/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$109,273
Tax year 2024
Assessed value
$9,945,000
Assessed 2024
Previous assessed
$9,945,000
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$2,450,000
Assessed improvement
$7,495,000
Applied tax rate
9.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1968
Construction
TILT-UP CONCRETE
Stories
1
Total area
48,643 SF
Lot
2.33 ac (101,494 SF)
APN
189-080-001
UPID
US09-3425623
Jurisdiction
RIVERSIDE
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1968
Construction
TILT-UP CONCRETE
Stories
1
Lot
2.33 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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