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Property profile & analytics
OFF-MARKET
Estimated value
$7,880,000
Retail space
8423 Indiana Ave Riverside, CA 92504-4038
Individually Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2729653
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2016
Construction
TILT-UP CONCRETE
Total area
34,596 SF
Lot
2.03 ac (88,426 SF)
Zoning code
CG-SP
APN
231-070-003
UPID
US09-2729653
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
-
Porsche Riverside Parts Store Auto Parts Store
-
Porsche Riverside Service Center Auto Repair Shop
-
Porsche Riverside Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.48M
Comparable Approach
Comparable
$6.83M
Blend (final)
Blend
$7.88M
Owner & transaction history
Kienle · 13 yrs held
Kienle
since 2012
7 recorded transactions
Zoning & alternative use
CG-SP · 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%
$9,185,000
6.5%
$8,475,000
7%
$7,870,000
Alternative Use
Use
Estimation
RETAIL STORES
$12,290,000
Current use
MEDICAL BUILDING
$10,100,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$7.88M
Range $7.09M – $8.67M · ±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
$228 / 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
$158,346
Tax year 2024
Assessed value
$14,396,072
Assessed 2024
Previous assessed
$14,396,072
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$1,167,362
Assessed improvement
$13,228,710
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2016
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
34,596 SF
Lot
2.03 ac (88,426 SF)
Zoning code
CG-SP
APN
231-070-003
UPID
US09-2729653
Jurisdiction
RIVERSIDE
Zoning & alternative use
CG-SP · Riverside, CA
Zoning CG-SP · permitted uses
CG-SP · 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
RETAIL STORES Current
Est. value
$12.3M
MEDICAL BUILDING
Est. value
$10.1M
RETAIL STORES Current
MEDICAL BUILDING
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
2016
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
2.03 ac
Current owner
From public records · entity-resolved
Kienle
Individual
Free & Clear · 13 yrs held
Mailing address
3213 ADAMS ST, RIVERSIDE, CA 92504-4002
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2016
—
Kienle & Kienle Investments LP
—
Deed
related
$8,500,000 · Mufg Union Bank NA
Feb 23, 2015
—
Kienle & Kienle Investments LP
—
Trustees Deed
related
$10,000,000 · Mercedes-benz Fin'l Svcs USA
Jul 27, 2012
$1,650,000
Kienle
Yoder Investments
Grant Deed
—
Jul 27, 2012
—
Investments Yoder
Yoder Joseph & Mary Trust
Quit Claim Deed
related
—
Oct 26, 2005
—
Tatton Family Trust
Tatton,mary E
Quit Claim Deed
related
—
Sep 16, 2005
—
Yoder Joseph & Mary Trust
Yoder,joseph E
Quit Claim Deed
related
—
Jun 4, 2004
—
Yoder,tr
Yoder,m D
Quit Claim Deed
related
—
Jan 27, 1999
—
Rv Cy
Yoder,anita S Etal
Grant Deed
related
—
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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