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Property profile & analytics
OFF-MARKET
Estimated value
$1,135,000
Office buildings
7724 California Ave Riverside, CA 92504-2509
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-1761365
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1962
Total area
8,125 SF
Lot
0.72 ac (31,363 SF)
Zoning code
O
APN
227-140-001
UPID
US10-1761365
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
-
Dr. Stanley Schwartz Physician
-
Jay Lee Physician
-
Debra Rodgers Pediatrician Physician
-
Rebecca Duran Pediatrician Physician
-
Stanley Harry Schwartz Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.14M
Owner & transaction history
Triple Play Building Partners · 13 yrs held
Triple Play Building Partners
since 2013
7 recorded transactions
Zoning & alternative use
O · Riverside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.14M
Range $1.02M – $1.25M · ±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
$140 / 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
$9,067
Tax year 2024
Assessed value
$796,795
Assessed 2024
Previous assessed
$796,795
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$453,935
Assessed improvement
$342,860
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1962
Heating
NONE
Stories
1
Total area
8,125 SF
Lot
0.72 ac (31,363 SF)
Zoning code
O
APN
227-140-001
UPID
US10-1761365
Jurisdiction
RIVERSIDE
Zoning & alternative use
O · Riverside, CA
Zoning O · permitted uses
O · 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.
Building & site characteristics
From public records
Year built
1962
Heating
NONE
Stories
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Triple Play Building Partners
Entity
Free & Clear · 13 yrs held
Mailing address
12980 FREDERICK ST STE I, MORENO VALLEY, CA 92553-5263
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2021
—
Triple Play Builidng Partners LLC
—
Deed
related
$968,000 · Bbva USA
Mar 12, 2013
$1,320,000
Triple Play Building Partners
Wells Fargo Bk NA
Grant Deed
—
May 9, 2011
$803,484
Fargo Bk NA Wells
Wt Capital Lender Services
Trustees Deed
related
—
Aug 15, 2006
—
Shepherd D W & S Family Trust
Shepherd D Family Trust
Quit Claim Deed
related
$665,000 · Cdc Small Business Finance Co
Sep 28, 2004
$1,100,000
Shepherd Douglas W & S L Trust
Thompson J A 2003 Trust
Grant Deed
$780,000 · Wells Fargo Bank
Dec 29, 2003
—
Thompson,tr
Thompson,jerome H & Bonny L
Quit Claim Deed
related
—
Dec 23, 2003
—
Danny D Patterson
Thompson,tr
Grant Deed
related
—
Nov 2, 2000
$350,000
Block Trust
Thompson Trust
Grant Deed
—
Jun 25, 1997
$50,000
Thompson Trust
Markat Properties
Grant Deed
—
Sep 9, 1992
$615,000
Peterson,mark & Kathleen
Thompson,jerome
Trustees Deed
$615,000 · Seller
Sep 9, 1992
$568,500
Thompson,jerome H & Bonny L
Fritts,r E
Trustees Deed
—
Sep 1, 1990
$600,000
R E Fritts
Thrifty Guaranty
Grant Deed
—
May 1, 1988
$685,000
Riverside Thrift
World Mill & Lum
Grant Deed
—
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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