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    6199 Crest Ave Riverside, CA 92503
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    6199 Crest Ave Riverside, CA 92503

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    • Warehouses
    • 4,092 SF
    • 0.53 lot acres
    For Sale
    $2,800,000
    View Listing →
    Industrial Property Near Riverside Airport For Sale
    $2,800,000
    8,600 SF

    Industrial Property Near Riverside Airport

    Industrial property with fenced yard near Riverside Municipal Airport.

    6199 Crest Ave, Riverside, CA 92503
    View Listing
    Property ID
    US09-3356219
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    3%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 6199 Crest Ave

    Year built
    1942
    Construction
    WOOD
    Lot size
    0.53 lot acres
    Property size
    4,092 SF
    Zone code
    M1
    Property type
    Warehouses
    APN
    151-031-002
    APU
    151031002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,070,000
      ML approach
      $1,830,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,020,000
      6.5%
      $940,000
      7%
      $875,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,888,000
      Market price range: $940k - $1.89M
      AI Estimate
      $1,242,000
      Market price range: $134k - $1.24M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,145,000
      Current use
      AUTO REPAIR, GARAGE
      $1,815,000
      Change: +59% Conversion: Easy
      RETAIL STORES
      $1,375,000
      Change: +20% Conversion: Moderate
      MEDICAL BUILDING
      $1,195,000
      Change: +4% Conversion: Difficult
      OFFICE BUILDING
      $970,000
      Change: -15% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.472
    Latitude
    33.9447
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $13,440
    $371,422
    $721,621
    $1,093,043
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $15,515,000
      78,664 SF

      12530 Magnolia Ave

      WAREHOUSE, STORAGE • 78,664 SF
      12530 Magnolia Ave, Riverside, CA 92503-4714
      View Details
    • Value Estimation
      $2,460,000
      17,171 SF

      7211 Arlington Ave

      WAREHOUSE, STORAGE • 17,171 SF
      7211 Arlington Ave, Riverside, CA 92503-1509
      View Details
    • Value Estimation
      $680,000
      2,015 SF

      9660 Arlington Ave

      WAREHOUSE, STORAGE • 2,015 SF
      9660 Arlington Ave, Riverside, CA 92503-1257
      View Details
    • Value Estimation
      $630,000
      1,683 SF

      7044 Arlington Ave

      WAREHOUSE, STORAGE • 1,683 SF
      7044 Arlington Ave, Riverside, CA 92503-1507
      View Details
    • Value Estimation
      $6,535,000
      57,252 SF

      6455 Van Buren Blvd

      MINI-WAREHOUSE, STORAGE • 57,252 SF
      6455 Van Buren Blvd, Riverside, CA 92503-1511
      View Details
    • Value Estimation
      $1,700,000
      79,145 SF

      6589 Van Buren Blvd

      WAREHOUSE, STORAGE • 79,145 SF
      6589 Van Buren Blvd, Riverside, CA 92503-1512
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Doolittle Avenue Warehouse with Yard

      10,437 SF warehouse with yard and office space.
      6692 Doolittle Ave, Riverside, CA 92503
      View Details
    • $2,530,925
      7,555 SF

      Warehouse/Manufacturing Facility with Freeway Visibility

      Warehouse/manufacturing facility with fenced yard and freeway visibility.
      12361 Doherty St, Riverside, CA 92503
      View Details
    • Contact for pricing
      20,606 SF

      Industrial Building with Recycling CUP

      20,606 SF industrial building featuring paved yard space.
      7633 Cypress Ave, Riverside, CA 92503
      View Details
    • Contact for pricing
      87,120 SF

      Leased Industrial Yard For Sale

      Leased industrial yard with office/warehouse and covered yard space.
      9920 Arlington Ave, Riverside, CA 92503
      View Details
    • $12,000,000

      Industrial Building on 3.4 Acres

      Industrial/manufacturing building with secured yard space and dual street access.
      5867 Jasmine St, Riverside, CA 92503
      View Details
    • $2,800,000

      Industrial Property Near Riverside Airport

      Industrial property with fenced yard near Riverside Municipal Airport.
      6199 Crest Ave, Riverside, CA 92503
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,768 SF

      Riverside Flex Space Available

      Multi-tenant building with office and warehouse space for lease.
      6682-6700 Van Buren Blvd, Riverside, CA 92503
      View Details
    • $1.25 SF/Yr
      11,074 SF

      Riverside Warehouse with Flexible Zoning

      26,050 SF warehouse with easy freeway access.
      3755 Lincoln St, Riverside, CA 92503
      View Details
    • $1.35 SF/Yr
      1,810 SF

      Arlington Airpark Plaza Flex Space

      Multi-tenant flex space available for lease in Arlington Airpark.
      7209 Arlington Ave, Riverside, CA 92503
      View Details
    • Contact for pricing

      Industrial Property Fully Leased

      Industrial property in Riverside, CA, currently 100% leased.
      7207 Arlington Ave, Riverside, CA 92503
      View Details
    • Contact for pricing

      Industrial Building with Secured Yard

      Industrial/manufacturing building with secured yard and dual street access.
      5867 Jasmine St, Riverside, CA 92503
      View Details
    • $7 SF/Yr

      Riverside Industrial Spaces Available

      Industrial spaces for rent ranging from 5,460 to 11,546 SqFt.
      12155 Magnolia Ave, Riverside, CA 92503
      View Details
    View Listing
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    6199 Crest Ave
    Riverside, CA 92503
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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