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Property profile & analytics
OFF-MARKET
Estimated value
$3,600,000
Manufacturing properties
6240 Box Spgs Blvd Ste B Riverside, CA 92507-0748
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2992764
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1989
Construction
TILT-UP CONCRETE
Total area
14,710 SF
Lot
1.16 ac (50,529 SF)
Zoning code
M1BP
APN
291-480-002
UPID
US09-2992764
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
$3.60M
CAP Approach
CAP
$2.79M
Comparable Approach
Comparable
$2.84M
Blend (final)
Blend
$3.60M
Owner & transaction history
Jdf Box Springs LLC · 2 yrs held
Jdf Box Springs LLC
since 2024
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
M1BP · Riverside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$5.3M
+39.9%
Warehouse, storage
$4.8M
+26.2%
Medical building
$4.3M
+13.6%
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
$3,600,000
ML approach
$3,600,000
CAP Approach
CAP Return
Estimation
6%
$3,020,000
6.5%
$2,785,000
7%
$2,590,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,780,000
Current use
APARTMENT HOUSE (5+ UNITS)
$5,285,000
Change: +40% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,770,000
Change: +26% · Conversion: Easy
MEDICAL BUILDING
$4,295,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$3.60M
Range $3.24M – $3.96M · ±10% · vs last sale $3.60M (May 31 2024)
Last sale anchor
$3.60M
May 31 2024
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
$245 / 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
$10,940
Tax year 2024
Assessed value
$945,448
Assessed 2024
Previous assessed
$945,448
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$265,900
Assessed improvement
$679,548
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
14,710 SF
Lot
1.16 ac (50,529 SF)
Zoning code
M1BP
APN
291-480-002
UPID
US09-2992764
Jurisdiction
RIVERSIDE
Zoning & alternative use
M1BP · Riverside, CA
Zoning M1BP · permitted uses
M1BP · 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
INDUSTRIAL (GENERAL) Current
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.3M
WAREHOUSE, STORAGE
Est. value
$4.8M
MEDICAL BUILDING
Est. value
$4.3M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
MEDICAL 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
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
1.16 ac
Current owner
From public records · entity-resolved
Jdf Box Springs LLC
Entity
Mailing address
31 WATERCRESS, IRVINE, CA 92603-0408
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2024
$3,597,500
Jdf Box Springs LLC
Box Springs LLC
Grant Deed
—
Feb 26, 2021
—
Box Springs LLC
—
Deed
related
$3,000,000 · American Fidelity Assurance Company
Aug 3, 2017
—
Box Springs LLC
—
Deed
related
$975,000 · Wells Fargo Bank NA
Oct 15, 2008
—
Box Springs LLC
Davidson L Family Trust
Grant Deed
related
—
Jun 18, 2003
—
Davidson,tr
Davidson,tr
Quit Claim Deed
related
$1,331,000 · Wells Fargo Bank
Aug 3, 2001
—
Leslie F Etal Davidson
Davidson,leslie F Etal
Quit Claim Deed
related
—
Jul 28, 2000
—
Leslie F Etal Davidson
Hammond,daniel E Etal
Grant Deed
related
—
Jun 29, 1993
$400,000
Daniel E Hammond
Hemet,&
Grant Deed
—
Mar 26, 1992
$746,687
Fed S Hemet
Wells,james R
Trustees Deed
related
—
—
—
Daneil E Hammond
—
Deed Of Trust
related
$360,000 · Hemet Federal Savings & Loan
—
—
Wells James R
—
Deed Of Trust
related
$639,750 · Bank Of Hemet
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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