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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7871 Msn Grv S Pkwy Riverside, CA 92508-5026

    • Apartment buildings
    • 13,136 SF
    • 12.04 lot acres
    OFF-MARKET
    Last Sale
    May 03, 2021
    $74,200,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2628140
    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

    • Davlyn Property Management / Property Management Company
    • Global Health Legacy Foundation / Non-Profit Organization
    • SMART Mobile Services / Auto Repair Shop / Mechanic
    • Estancia / Apartment Complex / Apartment Building

    Property Details for 7871 Msn Grv S Pkwy

    Year built
    2001
    Construction
    WOOD
    Lot size
    12.04 lot acres
    Property size
    13,136 SF
    Zone code
    R3
    Property type
    Apartment buildings
    APN
    276-160-001
    APU
    276160001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.325
    Latitude
    33.9101
    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
    $875,051
    $15,748,326
    $62,993,306
    $78,741,632
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $1,025,000
      26.96 Acres

      7450 Northrop Dr

      APARTMENT HOUSE (100+ UNITS) • 26.96 Acres
      7450 Northrop Dr, Riverside, CA 92508-5002
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    • Value Estimation
      $325,000
      1.06 Acres

      17100 Wood Rd

      APARTMENT HOUSE (5+ UNITS) • 1.06 Acres
      17100 Wood Rd, Riverside, CA 92508-9553
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    • Value Estimation
      $310,000
      1.20 Acres

      18101 Hibiscus Ave

      APARTMENT HOUSE (5+ UNITS) • 1.20 Acres
      18101 Hibiscus Ave, Riverside, CA 92508-9225
      View Details
    • Value Estimation by Request
      13.77 Acres

      Cor Of Van Buren Blvd And Alta Cresta Ave

      Land • 13.77 Acres
      0 Cor Of Van Buren Blvd And Alta Cresta Ave, Riverside, CA 92508
      View Details
    • Value Estimation by Request
      17,263 SF

      19318 Jesse Ln

      Office Properties & Spaces • 17,263 SF
      19318 Jesse Ln, Riverside, CA 92508
      View Details
    • Value Estimation
      $530,000
      5.71 Acres

      1900 Alessandro Blvd

      MANUFACTURING (LIGHT) • 5.71 Acres
      1900 Alessandro Blvd, Riverside, CA 92508-2311
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13.77 Acres

      Riverside Corner Development Site

      13.77 Acres, R-3 Zoning, High Density Potential
      0 Cor Of Van Buren Blvd And Alta Cresta Ave, Riverside, CA 92508
      View Details
    • $1,650,000
      2.81 Acres

      Woodcrest Commercial Land - Huge Potential

      2.81 Acres, High Traffic, Riverside County
      Van Buren Blvd, Woodcrest, CA 92508
      View Details
    • Contact for pricing
      17,263 SF

      Riverside Office Building for Sale

      Prime Owner-User Opportunity in CA
      19318 Jesse Ln, Riverside, CA 92508
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    • 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
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    • $1,999,500
      1 SF

      Riverside Land for Sale

      1.95 acres of land in Woodcrest Community, Riverside, CA.
      Sec Van Buren Blvd & Fred St, Riverside, CA 92508
      View Details
    • $199,000

      Land in Woodcrest

      Two lots available in Woodcrest, close to Van Buren.
      Colt St, Riverside, CA 92508
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      17,263 SF

      Fully Leased Office Property

      Office property with 17,263 square feet, fully leased.
      19314 Jesse Ln | Riverside, 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
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      13,560 SF

      Mission Grove Parkway Office Building

      Fully leased office building with future availability.
      7899 Msn Grv Pky. S, Riverside, CA 92508
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    • Contact for pricing
      10,400 SF

      Industrial Property in Riverside

      Industrial property available for lease in Riverside, California.
      7889 Msn Grv Pky. S, Riverside, CA 92508
      View Details
    • Contact for pricing
      10,400 SF

      Mission Grove Parkway Office Space

      Office building with 10,400 square feet available for lease.
      7887 Msn Grv Pky. S, Riverside, CA 92508
      View Details
    • Contact for pricing
      8,184 SF

      Retail Property For Lease

      Retail property available for lease.
      18791 Van Buren Blvd, Riverside, CA 92508
      View Details
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    Riverside, CA 92508-5026
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    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
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