New search
Property profile & analytics
OFF-MARKET
Estimated value
$59,525,000
Warehouses
657 Nance St Perris, CA 92571-7424
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1858946
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2017
Construction
TILT-UP CONCRETE
Total area
864,000 SF
Lot
43.64 ac (1,900,958 SF)
Zoning code
RA10
APN
302-030-012
UPID
US09-1858946
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
-
NFI Distribution Center Logistics Company
-
XUSO - Amazon Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$59.53M
Owner & transaction history
Ipt Perris Dc LP · 10 yrs held
Ipt Perris Dc LP
since 2015
7 recorded transactions
Zoning & alternative use
RA10 · Perris, 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 Perris submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Perris 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
$69 / 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
$1,003,841
Tax year 2024
Assessed value
$81,891,142
Assessed 2024
Previous assessed
$81,891,142
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$13,947,458
Assessed improvement
$67,943,684
Applied tax rate
8.0000
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
2017
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
864,000 SF
Lot
43.64 ac (1,900,958 SF)
Zoning code
RA10
APN
302-030-012
UPID
US09-1858946
Jurisdiction
RIVERSIDE
Zoning & alternative use
RA10 · Perris, CA
Zoning RA10 · permitted uses
RA10 · Perris, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Perris. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2017
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
43.64 ac
Current owner
From public records · entity-resolved
Ipt Perris Dc LP
Entity
Mailing address
2151 MICHELSON DR STE #282, IRVINE, CA 92612-1374
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2019
—
Ipt Perris Dc LLC
—
Deed
related
$200,000,000 · Regions Bank
May 23, 2016
—
Ipt Perris Dc LP
—
Grant Deed
related
$35,200,000 · Associated Bk
Sep 29, 2015
$2,200,000
Ipt Perris Dc LP
Perris 9 54 LLC
Grant Deed
related
—
Mar 9, 2012
—
Perris 9 54 LLC
Rsj Properties LLC
Grant Deed
related
—
Mar 31, 2009
—
Rsj Properties LLC
—
Grant Deed
related
$53,325,284 · Citizens Busn Bk
Jan 31, 2006
$1,500,000
Rsj Properties LLC
Hubbard,jerald A & Mary R
Grant Deed
—
Jul 1, 1988
$153,500
Jerald A Hubbard
Carter Havin
Trustees Deed
$120,000 · Carter Havin
—
—
Jerald A Hubbard
—
Deed Of Trust
related
—
—
—
Jerald A Hubbard
—
Deed Of Trust
related
$256,980 · Transamerica Financial Svc
—
—
Jerald A Hubbard
—
Deed Of Trust
related
$254,017 · Transamerica Financial Svc
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 657 Nance St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
