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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
6024 Magnolia Ave Riverside, CA 92506-2518
Trust Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3118715
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Lot
0.13 ac (5,662 SF)
Zoning code
CG
APN
225-062-002
UPID
US10-3118715
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
-
La Reyna Meat Market #2 Take-out & Catering Butcher
-
Cano's Market Grocery & Convenience Store Food Market
-
La Reyna Meat Market Specialty Food Shop Butcher
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tapia,e S & L T Family Trust · 8 yrs held
Tapia,e S & L T Family Trust
since 2018
7 recorded transactions
Zoning & alternative use
CG · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,887
Tax year 2024
Assessed value
$348,890
Assessed 2024
Previous assessed
$348,890
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$136,415
Assessed improvement
$212,475
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Heating
NONE
Lot
0.13 ac (5,662 SF)
Zoning code
CG
APN
225-062-002
UPID
US10-3118715
Jurisdiction
RIVERSIDE
Zoning & alternative use
CG · Riverside, CA
Zoning CG · permitted uses
CG · 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.
Building & site characteristics
From public records
Heating
NONE
Lot
0.13 ac
Current owner
From public records · entity-resolved
Tapia,e S & L T Family Trust
Trust
Mailing address
15650 WINTERS LN, RIVERSIDE, CA 92504-9501
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2018
—
Tapia,e S & L T Family Trust
—
Deed
related
$275,000 · East West Bk
Feb 21, 2018
—
Tapia,e S & L T Family Trust
Tapia,edilberto & Lilia
Quit Claim Deed
related
—
Apr 30, 2013
$289,000
Edilberto Tapia
East West Bk
Grant Deed
$139,000 · East West Bank
Jun 13, 2012
$578,330
East West Bk
East-west Investment INC
Trustees Deed
related
—
May 23, 2007
$850,000
Connie Choi
Bark,yong K
Grant Deed
$550,000 · East-west Investment INC
Jul 19, 2005
$827,272
Yong K Bark
Carniceria Cazares INC
Grant Deed
$775,000 · Wilshire State Bank
Jul 19, 2005
—
Yong K Bark
Bark,tai B
Quit Claim Deed
related
—
Sep 19, 2003
—
Ignacio Cazares
Cazares,angel & Antonia
Quit Claim Deed
related
$282,000 · Community Commerce Bank
Jun 1, 1989
$2,100,000
Hyun Park
Cazares Angel
Grant Deed
—
Mar 1, 1988
$210,000
Cazares Angel
Triol
Trustees Deed
$157,500 · Liberty Federal Savings & Loan
—
—
Cazares Angel
—
Deed Of Trust
related
—
—
—
Ignacio Cazares
—
Deed Of Trust
related
$30,000 · Manuel Moreno
—
—
Yong K Bark
—
Deed Of Trust
related
$205,000 · Grace H Son
—
—
Tapia,e S & L T Family Trust
—
Loan Modification
related
$275,000 · East West Bk
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.
Try Rey
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