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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Medical Office Space
7155 Magnolia Ave, Riverside, CA 92504-3803
Individually Owned
19-yr Hold
Free & Clear
Property ID
US09-0132143
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1975
Construction
WOOD
Total area
2,378 SF
Lot
0.27 ac (11,761 SF)
Zoning code
R106
APN
227-283-007
UPID
US09-0132143
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
-
HMA Law Group Consultant
-
OnTrac Drop Box Logistics Company Freight Service
-
Riverside Oncology Medical Group Inc - Indrani Gill MD Physician
-
S-Wellness Clinic Medical Clinic
-
Riverside Cancer Clinic Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$590k
Comparable Approach
Comparable
$450k
Blend (final)
Blend
$560k
Owner & transaction history
Indrani Gill · 19 yrs held
Indrani Gill
since 2006
6 recorded transactions
Zoning & alternative use
R106 · Riverside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$845,000
+21.7%
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%
$640,000
6.5%
$590,000
7%
$550,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$695,000
Current use
RETAIL STORES
$845,000
Change: +22% · Conversion: Difficult
WAREHOUSE, STORAGE
$665,000
Change: -4% · Conversion: Difficult
OFFICE BUILDING
$565,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$235 / 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
$13,033
Tax year 2024
Assessed value
$1,182,147
Assessed 2024
Previous assessed
$1,182,147
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$232,482
Assessed improvement
$949,665
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
1975
Construction
WOOD
Heating
NONE
Stories
2
Total area
2,378 SF
Lot
0.27 ac (11,761 SF)
Zoning code
R106
APN
227-283-007
UPID
US09-0132143
Jurisdiction
RIVERSIDE
Zoning & alternative use
R106 · Riverside, CA
Zoning R106 · permitted uses
R106 · 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
MEDICAL BUILDING Current
Est. value
$695,000
RETAIL STORES
Est. value
$845,000
WAREHOUSE, STORAGE
Est. value
$665,000
OFFICE BUILDING
Est. value
$565,000
MEDICAL BUILDING Current
RETAIL STORES
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
1975
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.27 ac
Current owner
From public records · entity-resolved
Indrani Gill
Individual
Free & Clear · 19 yrs held
Mailing address
PO BOX 18297, ANAHEIM, CA 92817-8297
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2006
—
Indrani Gill
Mirchandaney,haresh A
Grant Deed
related
—
Sep 19, 2006
$900,000
Indrani Gill
Lucke,pamela J
Grant Deed
—
Dec 7, 2001
$425,000
Pamela J Lucke
Riverside City Teachers Assn
Grant Deed
$297,500 · Jackson Federal Bank
May 10, 1994
$370,000
Riverside City Teachers Assn
De Anza Natl Ban
Grant Deed
$270,000 · De Anza National Bank
Mar 29, 1993
$430,728
De Anza Natl Bank
Raven,ronald E
Trustees Deed
related
—
—
—
Ronald E Raven
—
Deed Of Trust
related
$428,000 · De Anza National 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.
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