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Property profile & analytics
OFF-MARKET
Estimated value
$7,095,000
Distribution centers
667 Nance St Perris, CA 92571-7424
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0796610
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2022
Construction
TILT-UP CONCRETE
Total area
187,780 SF
Lot
9.12 ac (397,267 SF)
Zoning code
GI
APN
302-030-001
UPID
US09-0796610
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
-
Yakima c/o GEODIS Logistics Warehouse & Storage
-
Market rio ranch perros Specialty Food Shop Supermarket
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.10M
Owner & transaction history
888 Perris LLC · 8 yrs held
888 Perris LLC
since 2017
Last sale
$6.3M
7 recorded transactions
Zoning & alternative use
GI · Perris, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This zone is to provide for the development of general industrial uses which may support a wide range of manufacturing and non-manufacturing uses, from warehousing and distribution facilities to industrial activities and emergency shelters
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
509.28 ac
Source
Realmo
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
Method
Estimation
Statistic approach
$8,250,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.10M
Range $6.39M – $7.80M · ±10% · vs last sale $6.34M (Apr 28 2020)
Last sale anchor
$6.34M
Apr 28 2020
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
$38 / 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
$495,895
Tax year 2024
Assessed value
$40,970,221
Assessed 2024
Previous assessed
$40,970,221
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$7,620,199
Assessed improvement
$33,350,022
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2022
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
187,780 SF
Lot
9.12 ac (397,267 SF)
Zoning code
GI
APN
302-030-001
UPID
US09-0796610
Jurisdiction
RIVERSIDE
Zoning & alternative use
GI · Perris, CAZoning GI · permitted uses
GI · Perris, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This zone is to provide for the development of general industrial uses which may support a wide range of manufacturing and non-manufacturing uses, from warehousing and distribution facilities to industrial activities and emergency shelters
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
509.28 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2022
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
9.12 ac
Current owner
From public records · entity-resolved
888 Perris LLC
Entity
Free & Clear · 8 yrs held
Mailing address
2151 MICHELSON DR STE #282, IRVINE, CA 92612-1374
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2022
—
Civf Vi Ca1b01 LLC
—
Deed
related
$113,640,000 · Great West Life & Annuity Insurance Co
Dec 15, 2017
$2,500,000
888 Perris LLC
Sio LLC
Grant Deed
—
Feb 18, 2016
$2,450,000
Sio LLC
Psg Perris LLC
Grant Deed
—
Feb 3, 2015
$2,000,000
Psg Perris LLC
Chiu,diana M
Grant Deed
—
Aug 14, 2000
$135,000
Diana M Chiu
Bray,jacquelyn O
Grant Deed
—
Jul 31, 1998
$185,000
Bisel,deborah J
Amdani,amin
Trustees Deed
$123,333 · Seller
Jul 31, 1998
—
Deborah J Bisel
Bisel,thomas R
Quit Claim Deed
related
—
Jan 1, 1989
$350,000
Gajiani Jabbar &
Vargas Cruz B II
Trustees Deed
—
Jan 1, 1989
—
Vargas Cruz B II
Ballard Fred
Trustees 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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