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    Property profile & analytics

    68 Commerce Dr Perris, CA 92571-3113

    • Warehouses
    • 8,796 SF
    • 0.60 lot acres
    OFF-MARKET
    Value Estimation
    $2,470,000
    Last Sale
    Dec 14, 2023
    $2,287,000
    Location Intelligence
    Property ID
    US09-1137919
    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

    • Warehouses

    Property Details for 68 Commerce Dr

    Year built
    2023
    Construction
    TILT-UP CONCRETE
    Lot size
    0.60 lot acres
    Property size
    8,796 SF
    Property type
    Warehouses
    APN
    303-291-008
    APU
    303291008

    Description

    This exceptional 8,796-square-foot warehouse, situated in the desirable Perris Business Park, represents a rare opportunity for businesses seeking a brand-new, single-tenant facility. Completed in 2023, this building boasts a spacious layout with an impressive 18-foot ceiling height, providing ample room for storage and operations. The property includes two convenient loading docks for efficient shipping and receiving, along with ample parking for 22 vehicles. The 0.6-acre lot offers excellent maneuverability and potential for future expansion. Power is robust, featuring 400 amps of 3-phase electricity, ensuring sufficient capacity for demanding operations. Located at 68 Commerce Dr, Perris, CA 92571, this warehouse is zoned PVCC - Specific Plan within Riverside County. Groundbreaking commenced in September 2022, with estimated delivery in September 2023. The entire space is currently vacant and ready for immediate occupancy. This is an ideal location for businesses seeking a modern, efficient, and well-equipped warehouse in a thriving industrial area.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,485,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,335,000
      6.5%
      $2,465,000
      7%
      $2,080,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,535,000
      Geo Method
      $2,475,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,605,000
      Retail
      $1,990,000
      Mixed-Use
      $1,960,000
      Hospitality
      $2,160,000
      Educational
      $1,965,000
      Residential Income
      $2,525,000
      Energy
      $2,685,000
      Income-Based Land
      $2,625,000
      Food Service
      $1,920,000

    Location Insight

    • Map
    • Local Demand
    City
    Perris
    County
    Riverside
    State
    California
    Longitude
    -117.225
    Latitude
    33.8329
    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
    $27,724
    $679,000
    $1,607,960
    $2,286,960
    -
    $0.00
    $0.00
    $0.00

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    • $1.05 SF/Yr
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      Perris Industrial Warehouse Space

      Class A industrial building with modern amenities available for lease.
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    68 Commerce Dr
    Perris, CA 92571-3113
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    Realmo Value Estimation

    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.

    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.

    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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