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Property profile & analytics
OFF-MARKET
Estimated value
$1,540,000
Warehouses
6199 Crst Ave Riverside, CA 92503
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3356219
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1942
Construction
WOOD
Total area
4,092 SF
Lot
0.53 ac (23,086 SF)
Zoning code
M1
APN
151-031-002
UPID
US09-3356219
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.83M
CAP Approach
CAP
$940k
Comparable Approach
Comparable
$1.89M
Blend (final)
Blend
$1.54M
Owner & transaction history
1300 Normandy Properties LLC · 5 yrs held
1300 Normandy Properties LLC
since 2021
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
M1 · Riverside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+58.5%
Retail stores
$1.4M
+20.1%
Medical building
$1.2M
+4.4%
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
$2,070,000
ML approach
$1,830,000
CAP Approach
CAP Return
Estimation
6%
$1,020,000
6.5%
$940,000
7%
$875,000
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
Blend value · Realmo final
$1.54M
Range $1.39M – $1.69M · ±10% · vs last sale $1.40M (Jun 15 2021)
Last sale anchor
$1.40M
Jun 15 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
$376 / 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
$13,440
Tax year 2024
Assessed value
$1,093,043
Assessed 2024
Previous assessed
$1,093,043
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$371,422
Assessed improvement
$721,621
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1942
Construction
WOOD
Heating
NONE
Stories
1
Total area
4,092 SF
Lot
0.53 ac (23,086 SF)
Zoning code
M1
APN
151-031-002
UPID
US09-3356219
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
WAREHOUSE, STORAGE Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RETAIL STORES
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$970,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
OFFICE 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
1942
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
1300 Normandy Properties LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1300 E NORMANDY PL, SANTA ANA, CA 92705-4138
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2021
$1,400,000
1300 Normandy Properties LLC
Charley Guest LLC
Grant Deed
—
Mar 27, 2014
$440,000
Charley Guest LLC
Virginia Cardelucci
Grant Deed
$220,000 · Union Bank NA
Mar 27, 2014
—
Virginia Cardelucci
Cardelucci,samuel A
Affidavit Of Death
related
—
Mar 7, 2014
—
Cardelucci,virginia R Trust
Cardelucci,virginia
Quit Claim Deed
related
—
Mar 15, 2006
$1,000,000
Samuel D Cardelucci
Chavez Ents INC
Grant Deed
—
Jun 30, 2004
$700,000
Chavez Enterprises INC
Hood,tr
Grant Deed
—
Apr 1, 1992
—
Gregory W Hood
Unknown
Grant Deed
related
—
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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