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Property profile & analytics
OFF-MARKET
Estimated value
$82,505,000
Warehouses
6975 Sycamore Cyn Blvd Riverside, CA 92507-0710
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-4910484
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2017
Construction
TILT-UP CONCRETE
Total area
302,116 SF
Lot
30.19 ac (1,315,076 SF)
Zoning code
RA
APN
263-050-084
UPID
US09-4910484
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
-
MAT Holdings.Inc. Warehouse & Storage
-
Mat Logistics Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$69.50M
Comparable Approach
Comparable
$66.33M
Blend (final)
Blend
$82.51M
Owner & transaction history
Prologis LP · 4 yrs held
Prologis LP
since 2022
Last sale
$83.5M
7 recorded transactions
Zoning & alternative use
RA · Riverside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$133.9M
+36.6%
Apartment house (5+ units)
$108.5M
+10.8%
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
$109,700,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$75,290,000
6.5%
$69,500,000
7%
$64,535,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$97,980,000
Current use
AUTO REPAIR, GARAGE
$133,870,000
Change: +37% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$108,540,000
Change: +11% · Conversion: Difficult
MEDICAL BUILDING
$88,200,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$82.51M
Range $74.25M – $90.76M · ±10% · vs last sale $83.50M (Mar 22 2022)
Last sale anchor
$83.50M
Mar 22 2022
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
$273 / 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
$986,088
Tax year 2024
Assessed value
$86,873,400
Assessed 2024
Previous assessed
$86,873,400
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$31,212,000
Assessed improvement
$55,661,400
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2017
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
302,116 SF
Lot
30.19 ac (1,315,076 SF)
Zoning code
RA
APN
263-050-084
UPID
US09-4910484
Jurisdiction
RIVERSIDE
Zoning & alternative use
RA · Riverside, CA
Zoning RA · permitted uses
RA · 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 Current
Est. value
$98.0M
AUTO REPAIR, GARAGE
Est. value
$133.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$108.5M
MEDICAL BUILDING
Est. value
$88.2M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL 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
2017
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
30.19 ac
Current owner
From public records · entity-resolved
Prologis LP
Entity
Free & Clear · 4 yrs held
Mailing address
1800 WAZEE ST STE #500, DENVER, CO 80202-2526
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2022
$167,000,000
Prologis LP
Four Season Real Estate Investments
Grant Deed
—
Oct 28, 2020
—
Four Season Real Est Invs LLC
—
Deed
related
$18,500,000 · Bank Of The West
Jul 7, 2017
$28,200,000
Four Season Real Est Invs LLC
Jack M Living Langson
Grant Deed
$18,500,000 · Bank Of The West
Jun 13, 2017
$2,000,000
56 Sycamore Canyon Ptshp LP
Langson Jack M Living Trust
Grant Deed
—
Dec 14, 2015
$27,000
56 Sycamore Canyon Ptshp LP
Investment Building Group
Grant Deed
—
Jul 16, 2009
—
Investment Building Group
27 Railroad Ptshp
Grant Deed
related
—
Apr 4, 2007
—
27 Railroad Ptshp
56 Sycamore Canyon Ptshp
Grant Deed
related
—
Apr 1, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
Oct 13, 2005
$2,130,000
56 Sycamore Canyon Ptshp
Terlessian,aram
Grant Deed
—
Oct 1, 1988
$5,000
Aram Terlessian
Unknown
Grant Deed
—
—
—
Aram Terlessian
—
Deed Of Trust
related
$200,000 · Marquardson J H
—
—
Four Season Real Est Invs LLC
—
Loan Modification
related
$18,500,000 · Bank Of The West
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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