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Property profile & analytics
OFF-MARKET
Medical Office Space
9041 Magnolia Ave Ste 301, Riverside, CA 92503-3957
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2697687
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1990
Construction
WOOD
Total area
1,533 SF
Lot
0.03 ac (1,507 SF)
APN
193-223-018
UPID
US10-2697687
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ajay G Meka · 5 yrs held
Ajay G Meka
since 2021
Last sale
$415,000
7 recorded transactions
Zoning & alternative use
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,907
Tax year 2024
Assessed value
$440,400
Assessed 2024
Previous assessed
$440,400
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$90,202
Assessed improvement
$350,198
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1990
Construction
WOOD
Heating
NONE
Stories
3
Total area
1,533 SF
Lot
0.03 ac (1,507 SF)
APN
193-223-018
UPID
US10-2697687
Jurisdiction
RIVERSIDE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1990
Construction
WOOD
Heating
NONE
Stories
3
Lot
0.03 ac
Current owner
From public records · entity-resolved
Ajay G Meka
Individual
Mailing address
29 SARTEANO DR, NEWPORT COAST, CA 92657-1627
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2021
$415,000
Ajay G Meka
Eduardo P Macias
Grant Deed
$207,500 · Wells Fargo Bank NA
May 9, 2018
—
Macias Family Living Trust
Macias,eduardo P & Josefina Q
Quit Claim Deed
related
—
Oct 26, 2012
—
Eduardo P Macias
Macias,eduardo P
Quit Claim Deed
related
—
Nov 8, 2007
$535,000
Eduardo P Macias
Acc Riverside LLC
Grant Deed
—
Nov 8, 2007
—
Eduardo P Macias
Macias,josefina Q
Quit Claim Deed
related
—
Dec 20, 2005
—
Acc Riverside LLC
Magnolia Medical Assocs LLC
Trustees Deed
$7,350,000 · J P Morgan Chase Bank
—
—
Magnolia Medical Assocs LLC
—
Deed Of Trust
related
$2,821,025 · Jand INC Profit Sharing Trust
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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