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Property profile & analytics
OFF-MARKET
Estimated value
$8,390,000
Warehouses
841 Iowa Ave Riverside, CA 92507-1614
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1964610
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Construction
TILT-UP CONCRETE
Total area
7,000 SF
Lot
2.9 ac (126,324 SF)
Zoning code
MP
APN
247-140-009
UPID
US09-1964610
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
-
JB Wholesale Roofing and Building Supplies Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.39M
Owner & transaction history
Osi 841 Iowa Ave LLC · 3 yrs held
Osi 841 Iowa Ave LLC
since 2023
Last sale
$8.0M
4 recorded transactions
Zoning & alternative use
MP · Riverside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.2M
+349.2%
Neighborhood: shopping center
$6.0M
+165.4%
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
$8,670,000
ML approach
$8,895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,195,000
Change: +349% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,025,000
Change: +165% · Conversion: Moderate
Blend value · Realmo final
$8.39M
Range $7.55M – $9.23M · ±10% · vs last sale $8.00M (Jul 10 2023)
Last sale anchor
$8.00M
Jul 10 2023
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
$1,199 / 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
$88,387
Tax year 2024
Assessed value
$8,000,000
Assessed 2024
Previous assessed
$8,000,000
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$5,250,000
Assessed improvement
$2,750,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1970
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
7,000 SF
Lot
2.9 ac (126,324 SF)
Zoning code
MP
APN
247-140-009
UPID
US09-1964610
Jurisdiction
RIVERSIDE
Zoning & alternative use
MP · Riverside, CA
Zoning MP · permitted uses
MP · 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
COMMERCIAL (GENERAL)
Est. value
$10.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.0M
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1970
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
2.9 ac
Current owner
From public records · entity-resolved
Osi 841 Iowa Ave LLC
Entity
Mailing address
800 BRICKELL AVE STE #904, MIAMI, FL 33131-2966
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2023
$8,000,000
Osi 841 Iowa Ave LLC
Kate Riemer Sackett
Grant Deed
$5,087,500 · Village Bank & Trust
Mar 19, 2020
—
Sackett Family Trust
William H Sackett
Affidavit Of Death
related
—
Dec 20, 1995
—
William H Etal Sackett
Sackett,william H Etal
Quit Claim Deed
related
—
—
—
William H Sackett
—
Deed Of Trust
related
$20,000 · Individual
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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