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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Medical Office Space
6736 Palm Ave Riverside, CA 92506-2810
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-0113299
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1776
Total area
3,628 SF
Lot
0.31 ac (13,503 SF)
Zoning code
R1065
APN
225-212-029
UPID
US09-0113299
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
-
Pine Brook Apartments Apartment Building
-
RiversideApartmentManagers.com Property Management Company
-
Team Gibson - REALTOR Real Estate Agency
-
WSR Property Management Property Management Company Real Estate Agent
-
Cordell McDonald Realtor Property Management Company Real Estate Agent
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$615k
Owner & transaction history
Wsr Real Estate INC · 11 yrs held
Wsr Real Estate INC
since 2015
7 recorded transactions
Zoning & alternative use
R1065 · Riverside, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,015,000
Change: -4% · Conversion: Difficult
OFFICE BUILDING
$855,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$615k
Range $554k – $677k · ±10%
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
$170 / 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
$9,129
Tax year 2024
Assessed value
$824,787
Assessed 2024
Previous assessed
$824,787
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$159,061
Assessed improvement
$665,726
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1776
Heating
NONE
Stories
1
Total area
3,628 SF
Lot
0.31 ac (13,503 SF)
Zoning code
R1065
APN
225-212-029
UPID
US09-0113299
Jurisdiction
RIVERSIDE
Zoning & alternative use
R1065 · Riverside, CA
Zoning R1065 · permitted uses
R1065 · 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
Est. value
$1.0M
OFFICE BUILDING
Est. value
$855,000
WAREHOUSE, STORAGE
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
1776
Heating
NONE
Stories
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Wsr Real Estate INC
Entity
Mailing address
6736 PALM AVE, RIVERSIDE, CA 92506-2810
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2015
$700,000
Wsr Real Estate INC
Beeman Ray N & Betty L
Grant Deed
$630,000 · Ray N & Betty L Beeman
Aug 15, 2003
$350,000
Ray N Beeman
Devcal Corp
Grant Deed
$300,000 · Devcal Corp
Feb 21, 2003
$340,000
Devcal Corp
Palm Avenue Market & Deli INC
Trustees Deed
—
Apr 13, 1994
$300,000
Palm Avenue Market & Deli INC
Sandoval,manuel
Grant Deed
$337,500 · Bank Of Anaheim
—
—
Ray N Beeman
—
Deed Of Trust
related
$367,500 · Premier Service Bank
—
—
Ray N Beeman
—
Deed Of Trust
related
$45,525 · Premier Service Bank
—
—
Ray N Beeman
—
Deed Of Trust
related
$389,342 · Premier Service Bank
—
—
Ray N Beeman
—
Deed Of Trust
related
$147,000 · Premier Service Bank
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
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