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    Property profile & analytics

    6610 Doolittle Ave Riverside, CA 92503-1432

    • Warehouses
    • 20,053 SF
    • 0.83 lot acres
    OFF-MARKET
    Last Sale
    May 10, 2022
    $5,100,000
    Value Estimations
    $6,655,000
    Show details
    Cap Rate Potential
    4.5%
    Warehouses
    Location Intelligence
    Property ID
    US09-3578118
    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.

    Current Use by Public Records

    • NICE CHOICE INC / Camping Store / Fitness Equipment Wholesaler

    Property Details for 6610 Doolittle Ave

    Year built
    2021
    Construction
    TILT-UP CONCRETE
    Lot size
    0.83 lot acres
    Property size
    20,053 SF
    Property type
    Warehouses
    APN
    155-280-079
    APU
    155280079

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,700,000
      ML approach
      $6,615,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,000,000
      6.5%
      $4,615,000
      7%
      $4,285,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,256,000
      Market price range: $4.61M - $9.26M
      AI Estimate
      $6,086,000
      Market price range: $657k - $6.09M

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.456
    Latitude
    33.9506
    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
    $64,714
    $884,340
    $4,421,700
    $5,306,040
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,290,000
      78,664 SF

      12530 Magnolia Ave

      WAREHOUSE, STORAGE • 78,664 SF
      12530 Magnolia Ave, Riverside, CA 92503-4714
      View Details
    • Value Estimation
      $725,000
      17,171 SF

      7211 Arlington Ave

      WAREHOUSE, STORAGE • 17,171 SF
      7211 Arlington Ave, Riverside, CA 92503-1509
      View Details
    • Value Estimation
      $1,015,000
      3.55 Acres

      10335 Indiana Ave

      WAREHOUSE, STORAGE • 3.55 Acres
      10335 Indiana Ave, Riverside, CA 92503-5229
      View Details
    • Value Estimation
      $4,385,000
      15,002 SF

      3860 Buchanan St

      WAREHOUSE, STORAGE • 15,002 SF
      3860 Buchanan St, Riverside, CA 92503-4821
      View Details
    • Value Estimation
      $3,615,000
      14,552 SF

      6604 Doolittle Ave

      WAREHOUSE, STORAGE • 14,552 SF
      6604 Doolittle Ave, Riverside, CA 92503-1432
      View Details
    • Value Estimation
      $610,000
      1.96 Acres

      12391 Sampson St

      WAREHOUSE, STORAGE • 1.96 Acres
      12391 Sampson St, Riverside, CA 92503-4828
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,834 SF

      Free Standing Warehouse Building

      Industrial building with office space and secure yard.
      6688 Doolittle Ave, Riverside, CA 92503
      View Details
    • $4,700,000
      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
    • $4,750,000
      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
    • Contact for pricing
      10,437 SF

      Doolittle Avenue Warehouse with Yard

      10,437 SF warehouse with yard and office space.
      6692 Doolittle Ave, Riverside, CA 92503
      View Details
    • $3,450,000
      11,420 SF

      6690 Doolittle Ave, Riverside, CA 92503

      Industrial properties • 11,420 SF
      6690 Doolittle Ave, Riverside, CA 92503
      View Details
    • $1,800,000
      59,242 SF

      Riverside Land For Sale

      Approximately 1.36 acres of land available in Riverside, California.
      5375 Van Buren Blvd, Riverside, CA 92503
      View Details

    Similar Nearby for Lease

    • $1.40 SF/Yr
      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
    • $1.29 SF/Yr
      16,292 SF

      Riverside Warehouse with Fenced Yard

      Freestanding industrial building with office space and dock loading.
      4131 Tigris Way, Riverside, CA 92503
      View Details
    • $1.19 SF/Yr
      12,240 SF

      Free Standing Corporate HQ Warehouse

      25,560 SF free standing building with fenced yard.
      12203 Magnolia Ave, Riverside, CA 92503
      View Details
    • $1.10 SF/Yr
      36,697 SF

      Riverside Warehouse with Secured Yard

      Warehouse with office space, secured yard, and freeway access.
      9565 Rudicill St | Riverside, Riverside, CA 92503
      View Details
    • $1.45 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
    • $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
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    Riverside, CA 92503-1432
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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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