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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Manufacturing properties
86 Commerce Dr Perris, CA 92571-3113
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2452066
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2012
Construction
TILT-UP CONCRETE
Total area
7,054 SF
Lot
0.48 ac (20,908 SF)
Zoning code
LI
APN
303-291-005
UPID
US09-2452066
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$890k
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$840k
Owner & transaction history
The Perris Joint Revocable Living T · 2 yrs held
The Perris Joint Revocable Living T
since 2024
7 recorded transactions
Zoning & alternative use
LI · Perris, 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 Perris submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Perris 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%
$965,000
6.5%
$890,000
7%
$830,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,380,000
Current use
Blend value · Realmo final
$840k
Range $756k – $924k · ±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
$119 / 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
$8,163
Tax year 2024
Assessed value
$694,174
Assessed 2024
Previous assessed
$694,174
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$150,903
Assessed improvement
$543,271
Applied tax rate
8.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2012
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
7,054 SF
Lot
0.48 ac (20,908 SF)
Zoning code
LI
APN
303-291-005
UPID
US09-2452066
Jurisdiction
RIVERSIDE
Zoning & alternative use
LI · Perris, CA
Zoning LI · permitted uses
LI · Perris, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Perris. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.4M
INDUSTRIAL (GENERAL) Current
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
2012
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
The Perris Joint Revocable Living T
Individual
Free & Clear · 2 yrs held
Mailing address
23885 RHODES AVE, PERRIS, CA 92570-8192
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
May 22, 2024
—
The Perris Joint Revocable Living T
Ernest & Company LLC
Intrafamily Transfer
related
—
Oct 30, 2012
—
Ernest & Company LLC
Perricomm 3 LLC
Grant Deed
$529,500 · Wells Fargo Bank NA
Jun 5, 2012
$800,000
Perricomm 3 LLC
Bp Ironwood 55 LLC
Grant Deed
—
Nov 18, 2005
—
Vic Onorio
Onorio,joann
Quit Claim Deed
related
—
Nov 18, 2005
$902,000
Bp Ironwood 55 LLC
Dbp Investments LLC
Grant Deed
related
$350,000 · Diversified Builders INC
Jul 8, 2005
—
Delta Dev LLC
Dbp Investments LLC
Grant Deed
$2,102,000 · Inland Community Bank
Mar 25, 2004
$390,500
Dbp Investments LLC
Perris Business Park LLC
Grant Deed
—
—
—
Bp Ironwood 55 LLC
—
Deed Of Trust
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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