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Property profile & analytics
OFF-MARKET
Estimated value
$23,640,000
Warehouses
940 Columbia Ave Riverside, CA 92507-2140
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1879610
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Construction
TILT-UP CONCRETE
Total area
74,140 SF
Lot
3.42 ac (148,975 SF)
Zoning code
MP
APN
249-070-035
UPID
US09-1879610
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
-
Preferred Plastics & Packaging Factory Production Facility
-
AWD PROCURAMENT Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.06M
Comparable Approach
Comparable
$16.28M
Blend (final)
Blend
$23.64M
Owner & transaction history
Cgu Capital Group LLC · 3 yrs held
Cgu Capital Group LLC
since 2022
Last sale
$26.1M
2 recorded transactions
Zoning & alternative use
MP · Riverside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$35.2M
+46.2%
Auto repair, garage
$32.9M
+36.6%
Apartment house (5+ units)
$26.6M
+10.8%
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%
$18,475,000
6.5%
$17,055,000
7%
$15,835,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$24,045,000
Current use
RESTAURANT
$35,155,000
Change: +46% · Conversion: Difficult
AUTO REPAIR, GARAGE
$32,850,000
Change: +37% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$26,635,000
Change: +11% · Conversion: Difficult
MEDICAL BUILDING
$21,645,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$23.64M
Range $21.28M – $26.00M · ±10% · vs last sale $26.05M (Sep 28 2022)
Last sale anchor
$26.05M
Sep 28 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
$319 / 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
$223,661
Tax year 2024
Assessed value
$19,624,800
Assessed 2024
Previous assessed
$19,624,800
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$4,559,400
Assessed improvement
$15,065,400
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
2003
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
74,140 SF
Lot
3.42 ac (148,975 SF)
Zoning code
MP
APN
249-070-035
UPID
US09-1879610
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
WAREHOUSE, STORAGE Current
Est. value
$24.0M
RESTAURANT
Est. value
$35.2M
AUTO REPAIR, GARAGE
Est. value
$32.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$26.6M
MEDICAL BUILDING
Est. value
$21.6M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2003
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
3.42 ac
Current owner
From public records · entity-resolved
Cgu Capital Group LLC
Entity
Free & Clear · 3 yrs held
Mailing address
302 W 5TH ST STE #103, SAN PEDRO, CA 90731-2700
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2022
$26,050,000
Cgu Capital Group LLC
940 Columbia Avenue LLC
Grant Deed
—
Jan 16, 2019
—
940 Columbia Avenue LLC
—
Grant Deed
related
$6,600,000 · Citizens Busn Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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