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Property profile & analytics
OFF-MARKET
Estimated value
$4,330,000
Warehouses
8368 63rd St Riverside, CA 92509-6003
Entity Owned
4-yr Hold
Property ID
US10-2593003
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1940
Construction
WOOD
Total area
925 SF
Lot
2.22 ac (96,703 SF)
Zoning code
A100
APN
163-220-005
UPID
US10-2593003
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
-
Swinerton Builders Yard Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.33M
Owner & transaction history
Descansando Partners LP · 4 yrs held
Descansando Partners LP
since 2022
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
A100 · 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
$4,860,000
ML approach
$5,055,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.33M
Range $3.90M – $4.76M · ±10% · vs last sale $3.70M (Feb 23 2022)
Last sale anchor
$3.70M
Feb 23 2022
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
$4,681 / 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
$29,066
Tax year 2024
Assessed value
$2,684,522
Assessed 2024
Previous assessed
$2,684,522
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$2,314,891
Assessed improvement
$369,631
Applied tax rate
28.0000
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
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1940
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
3
Stories
1
Bathrooms
2
Total area
925 SF
Lot
2.22 ac (96,703 SF)
Zoning code
A100
APN
163-220-005
UPID
US10-2593003
Jurisdiction
RIVERSIDE
Zoning & alternative use
A100 · Riverside, CA
Zoning A100 · permitted uses
A100 · 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
1940
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
2
Lot
2.22 ac
Current owner
From public records · entity-resolved
Descansando Partners LP
Entity
Mailing address
PO BOX 4792, COVINA, CA 91723-4792
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2022
$3,700,500
Descansando Partners LP
John Steelesmith
Grant Deed
—
Feb 23, 2022
—
John Steelesmith
John Steelesmith
Intrafamily Transfer
related
—
Jun 14, 2007
—
8368 63rd Street Trust
Steelesmith Family Trust
Quit Claim Deed
related
—
May 8, 2007
—
Steelesmith J & J Family Trust
Steelesmith,john
Quit Claim Deed
related
—
Jun 17, 2002
—
J Steelesmith
Steelesmith,j Etal
Quit Claim Deed
related
—
Jun 24, 1996
—
John H Etal Steelsmith
Steelsmith,john Etux
Quit Claim Deed
related
—
Jul 1, 1989
$175,000
John Steelesmith
Barrios Cristoba
Grant Deed
$120,000 · Guild Mortgage Co
—
—
Steelesmith Trust
—
Deed Of Trust
related
$70,000 · Ge Capital Mortgage Service
—
—
Steelesmith,tr
—
Deed Of Trust
related
$24,500 · Washington Mutual Fsb
—
—
John Steelesmith
—
Deed Of Trust
related
$120,000 · Guild Mortgage Co
—
—
John Steelesmith
—
Deed Of Trust
related
$196,000 · Washington Mutual Fsb
—
—
John Steelesmith
—
Deed Of Trust
related
$25,000 · Barrios Cristoba
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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