Property profile

69 Commerce Dr Perris, CA 92571

OFF-MARKET
Other warehouses
Property ID
US09-4151006
43,298 SF 1.29 ac lot Built 2023
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

A Class A industrial facility completed in 2024 containing 43,298 square feet of warehouse and distribution space. The building includes a 28-foot ceiling height, an ESFR fire sprinkler system, and an electrical service rated at 1,200 amps with 3-phase power. Truck access is provided by seven dock-high doors, including three with dock levelers. Located in Perris, California, the facility is configured for warehouse, industrial, and distribution uses.

Property profile

Verified
Property type Other warehouses
Use group WAREHOUSE, STORAGE
Year built 2023
Construction TILT-UP CONCRETE
Total area 43,298 SF
Lot 1.29 ac (56,192 SF)
APN 303-292-012
UPID US09-4151006

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

69 Commerce Dr Perris, CA 92571-3115
Perris metro Census 42625 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$12.48M
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.38M
Blend (final) Blend
$12.48M

Owner & transaction history

since 2024
Last sale
$12.5M
7 recorded transactions
2024
$12.5M
2022
Price N/A
2020
$1.3M
2019
Price N/A
2004
Price N/A
2004
$571,000
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $18.7M +139.7%
Medical building $11.8M +51.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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