Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    948 Ave B B Calimesa, CA 92320-1117

    • Apartment buildings
    • 1,232 SF
    • 0.37 lot acres
    OFF-MARKET
    Last Sale
    Mar 08, 2022
    $542,500
    Value Estimations
    $735,000
    Show details
    Cap Rate Potential
    2.7%
    Apartment buildings
    Location Intelligence
    Property ID
    US09-2137216
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 948 Ave B B

    Year built
    1964
    Construction
    WOOD
    Lot size
    0.37 lot acres
    Property size
    1,232 SF
    Zone code
    R3
    Property type
    Apartment buildings
    APN
    411-100-030
    APU
    411100030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $735,000
      ML approach
      $685,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,220,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,060,000
      Change: -13% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Calimesa
    County
    Riverside
    State
    California
    Longitude
    -117.06
    Latitude
    34.0026
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $10,822
    $156,060
    $725,158
    $881,218
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.74 Acres

      Calimesa, CA 92320

      APARTMENT HOUSE (5+ UNITS) • 0.74 Acres
      Calimesa, CA 92320
      View Details
    • Value Estimation
      $490,000
      1,800 SF

      231 County Line Rd

      APARTMENT HOUSE (5+ UNITS) • 1,800 SF
      231 County Line Rd, Calimesa, CA 92320-1209
      View Details
    • Value Estimation
      $280,000
      624 SF

      117 Ave L L

      APARTMENT HOUSE (5+ UNITS) • 624 SF
      117 Ave L L, Calimesa, CA 92320-1303
      View Details
    • Value Estimation
      $150,000
      468 SF

      1015 3rd St

      APARTMENT HOUSE (5+ UNITS) • 468 SF
      1015 3rd St, Calimesa, CA 92320-1219
      View Details
    • Value Estimation
      $360,000
      1,600 SF

      227 County Line Rd

      APARTMENT HOUSE (5+ UNITS) • 1,600 SF
      227 County Line Rd, Calimesa, CA 92320-1209
      View Details
    • Value Estimation
      $960,000
      1,292 SF

      533 Ave L L

      APARTMENT HOUSE (5+ UNITS) • 1,292 SF
      533 Ave L L, Calimesa, CA 92320-1105
      View Details

    Similar Nearby for Sale

    • $54,900

      1977 Manufactured Home in Calimesa

      1977 manufactured home in 55+ community with mountain views.
      975 California 72, Calimesa, CA 92320
      View Details
    • $50,000

      Updated Mobile Home in Calimesa

      Updated 2 bed, 2 bath mobile home with amenities.
      1134 Villa Calimesa 106, Calimesa, CA 92320
      View Details
    • $249,999

      Calimesa Home in Retirement Community

      Two-bedroom, two-bath home in a premier retirement community.
      10961 Desert Lawn Dr, Calimesa, CA 92320
      View Details
    • $359,999
      1,250 SF

      Updated Summit View Mini Mansion

      Move-in ready, updated two-bedroom condo in a 55+ community.
      199 Summit View Dr, Calimesa, CA 92320
      View Details
    • $1,175,000
      4,900 SF

      Calimesa Blvd Commercial Portfolio

      Multi-tenant commercial property, high traffic area.
      1045 Calimesa Blvd, Calimesa, CA 92320
      View Details
    • Contact for pricing
      1,591 SF

      Calimesa Office Space for Lease

      Turnkey Office, 1591 sq ft, I-10 access
      1000 Blvd Unit R1, Calimesa, CA 92320
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Restaurant Pad with Freeway Visibility

      Retail or restaurant space available with drive-through option and visibility.
      742 W County Line Rd | Calimesa, Calimesa, CA 92320
      View Details
    • Contact for pricing
      110 SF

      Remodeled Office Space Available

      Completely remodeled office space for lease in Calimesa, CA.
      601 W County Line Rd, Calimesa, CA 92320
      View Details
    • $1.15 SF/Yr
      2,520 SF

      Warehouse with Office For Sublease

      Warehouse with one roll-up door and private office available for sublease.
      521 Ave West, Calimesa, CA 92320
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    948 Ave B B
    Calimesa, CA 92320-1117
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.