Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7862 Msn Grv S Pkwy Riverside, CA 92508-6000

    • Warehouses
    • 2,400 SF
    • 3.73 lot acres
    OFF-MARKET
    Value Estimations
    $550,000
    Show details
    Cap Rate Potential
    3.9%
    Warehouses
    Location Intelligence
    Property ID
    US09-3253307
    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

    • Mission Grove Self Storage / Self-Storage Facility

    Property Details for 7862 Msn Grv S Pkwy

    Year built
    2005
    Construction
    TILT-UP CONCRETE
    Lot size
    3.73 lot acres
    Property size
    2,400 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    276-160-016
    APU
    276160016

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $640,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $415,000
      6.5%
      $385,000
      7%
      $355,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $589,000
      Market price range: $57.0k - $589k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $670,000
      Current use
      AUTO REPAIR, GARAGE
      $1,065,000
      Change: +59% Conversion: Easy
      RETAIL STORES
      $855,000
      Change: +27% Conversion: Moderate
      MEDICAL BUILDING
      $700,000
      Change: +4% Conversion: Difficult
      OFFICE BUILDING
      $570,000
      Change: -15% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.324
    Latitude
    33.9089
    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
    $28,647
    $647,592
    $1,843,164
    $2,490,756
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,460,000
      107,824 SF

      Riverside, CA 92508

      MINI-WAREHOUSE, STORAGE • 107,824 SF
      Riverside, CA 92508
      View Details
    • Value Estimation
      $1,335,000
      124,021 SF

      8131 Lindbergh Dr

      MINI-WAREHOUSE, STORAGE • 124,021 SF
      8131 Lindbergh Dr, Riverside, CA 92508-8112
      View Details
    • Value Estimation by Request
      50,000 SF

      22340 Van Buren Blvd

      Distribution properties • 50,000 SF
      22340 Van Buren Blvd, Riverside, CA 92508
      View Details
    • Value Estimation by Request
      124,010 SF

      215 Frontage Rd

      Individual retail properties • 124,010 SF
      215 Frontage Rd, Riverside, CA 92508
      View Details
    • Value Estimation
      $985,000
      899 SF

      18601 Van Buren Blvd

      WAREHOUSE, STORAGE • 899 SF
      18601 Van Buren Blvd, Riverside, CA 92508-9116
      View Details
    • Value Estimation by Request
      636,600 SF

      2325 Cottonwood Ave

      Distribution properties • 636,600 SF
      2325 Cottonwood Ave, Riverside, CA 92508
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      400 SF

      Two-Building Distribution Park For Sale

      Two-building distribution park totaling 603,100 SF for sale.
      1304 East Alessandro Blvd, Riverside, CA 92508
      View Details
    • Contact for pricing
      203 SF

      Distribution Park For Sale/Lease

      Two-building distribution park available for sale or lease.
      7267 Barton St, Riverside, CA 92508
      View Details
    • Contact for pricing
      144 SF

      Meridian Business Park Warehouse

      Warehouse with high-end office space and multiple loading docks.
      16300 Coyote Bush Rd, Riverside, CA 92508
      View Details
    • $2,650,000
      8,500 SF

      Free Standing Building For Sale

      Free standing building with six ground level loading doors.
      18805 Van Buren Blvd, Riverside, CA 92508
      View Details
    • $1,450,000
      1,306,800.00 Acres

      Riverside 30-Acre Land Parcel

      Expansive 30-acre parcel in a prime Riverside location.
      19100 Markham St, Riverside, CA 92508
      View Details
    • $187,900
      30,928.00 Acres

      Riverside Land with Water Meter

      Land in Woodcrest with water meter ready for development.
      Newman Ave, Riverside, CA 92508
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      115,476 SF

      Industrial Space with Freeway Frontage

      New industrial space with easy freeway access, available 4Q 2025.
      2610 E Alessandro Blvd, Riverside, CA 92508
      View Details
    • Contact for pricing
      601,246 SF

      Riverside Industrial/Office Campus

      601,246 SF Flexible Space Available
      14600 Innovation Dr, Riverside, CA 92508
      View Details
    • Contact for pricing
      78,960 SF

      Industrial Building Near 215 Freeway

      78,960 SF industrial building with secured yard near 215 Freeway.
      20880 Krameria Ave, Riverside, CA 92508
      View Details
    • Contact for pricing
      11,504 SF

      Riverside Warehouse Property For Lease

      11,504 square foot warehouse/industrial property in Riverside, California.
      7891 Msn Grv Pky. S, Riverside, CA 92508
      View Details
    • $1.00 SF/Yr
      28,449 SF

      Sycamore Canyon Business Park

      28,449 SF flex/industrial building divisible into 3 units.
      7372 Sycamore Canyon Blvd, Riverside, CA 92508
      View Details
    • Contact for pricing

      Industrial Property Fully Leased

      Industrial property in Riverside, CA, currently 100% leased.
      7889 Mission Grove Pkwy, Riverside, CA 92508
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7862 Msn Grv S Pkwy
    Riverside, CA 92508-6000
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.