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    Property profile & analytics

    7024 Magnolia Ave Riverside, CA 92506-2803

    • Grocery and convenience stores
    • 2,460 SF
    • 0.55 lot acres
    OFF-MARKET
    Value Estimation
    $375,000
    Location Intelligence
    Property ID
    US09-2816637
    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

    • Baskin-Robbins / Ice Cream Shop / Cake Shop

    Property Details for 7024 Magnolia Ave

    Year built
    1978
    Construction
    TILT-UP CONCRETE
    Lot size
    0.55 lot acres
    Property size
    2,460 SF
    Zone code
    CLDS
    Property type
    Grocery and convenience stores
    APN
    229-021-003
    APU
    229021003

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $355,000

    • CAP approach

      CAP return
      Estimation
      6%
      $450,000
      6.5%
      $405,000
      7%
      $460,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $370,000
      Geo Method
      $485,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $420,000
      Retail
      $420,000
      Mixed-Use
      $475,000
      Hospitality
      $440,000
      Educational
      $495,000
      Residential Income
      $490,000
      Energy
      $490,000
      Income-Based Land
      $510,000
      Food Service
      $410,000

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.401
    Latitude
    33.9457
    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
    $7,394
    $190,225
    $468,583
    $658,808
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      6950 Indiana Ave Ste, Unit 1

      CONVENIENCE STORE
      6950 Indiana Ave Ste, Riverside, CA 92506-4162
      View Details
    • Value Estimation
      $340,000
      0.35 Acres

      3768 Jurupa Ave

      GROCERY, SUPERMARKET • 0.35 Acres
      3768 Jurupa Ave, Riverside, CA 92506-2514
      View Details
    • Value Estimation
      $380,000
      1,500 SF

      6411 Brockton Ave

      GROCERY, SUPERMARKET • 1,500 SF
      6411 Brockton Ave, Riverside, CA 92506-2035
      View Details
    • Value Estimation
      $330,000
      0.13 Acres

      6024 Magnolia Ave

      GROCERY, SUPERMARKET • 0.13 Acres
      6024 Magnolia Ave, Riverside, CA 92506-2518
      View Details
    • Value Estimation by Request
      45,936 SF

      2841 Mary St

      GROCERY, SUPERMARKET • 45,936 SF
      2841 Mary St, Riverside, CA 92506-4247
      View Details
    • Value Estimation
      $595,000
      19,620 SF

      6790 Brockton Ave

      GROCERY, SUPERMARKET • 19,620 SF
      6790 Brockton Ave, Riverside, CA 92506-3022
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,400 SF

      Free Standing Retail Building

      Free standing building with open floor plan for sale.
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      Retail Property For Sale

      Retail property suitable for owner-user or investment.
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      High-traffic retail space, ideal for owner-user or lease.
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      Riverside Central Plaza: Office Portfolio

      Prime Riverside Office, Retail Investment
      3590 Central Ave, Riverside, CA 92506
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    • $2,200,000
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      Free Standing Office Building

      Free standing office building suitable for various uses.
      6785 Palm Ave, Riverside, CA 92506
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      Four adjacent commercial lots totaling 14,375 sq ft.
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    Similar Nearby for Lease

    • $5,720 /Mo
      2,080 SF

      Riverside Retail Space For Lease

      Retail space in a prime Riverside location near Target.
      3271 Arlington Ave, Riverside, CA 92506
      View Details
    • $1.55 SF/Yr
      1,600 SF

      Retail Space Available For Rent

      Retail space available for rent in Riverside, California.
      6725-6753 Brockton Ave, Riverside, CA 92506
      View Details
    • $3,950 /Mo
      1,156 SF

      Riverside Retail Space For Lease

      Retail space in a prime location near Target.
      3251 Arlington Ave, Riverside, CA 92506
      View Details
    • $18 SF/Yr
      4,878 SF

      Riverside Office Space for Lease

      Prime Riverside location, multiple tenants.
      3711 Arlington Ave, Riverside, CA 92506
      View Details
    • Contact for pricing

      Magnolia Avenue Retail Center

      Fully leased retail center on Magnolia Avenue.
      6681 Magnolia Ave, Riverside, CA 92506
      View Details
    • Contact for pricing

      Land Pad Available For Lease

      Land pad available for ground lease, near CVS & Stater Bros.
      2841 Mary St | Riverside, Riverside, CA 92506
      View Details

    Property Visit Statistics

    • Visits by month
      5.5k
    • Visitors by month
      4.0k
    • Avg Time on site
      16 min
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    7024 Magnolia Ave
    Riverside, CA 92506-2803
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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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