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Property profile & analytics
OFF-MARKET
Estimated value
$2,000,000
Retail space
969 6th St Norco, CA 92860-1442
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-0729516
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1974
Construction
TILT-UP CONCRETE
Total area
13,307 SF
Lot
0.81 ac (35,283 SF)
Zoning code
C2
APN
131-180-014
UPID
US09-0729516
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
-
Magical minis petting zoo Theater & Performing Art Venue Nightclub
-
Reef Lounge Norco (Bike/Boat/Book/etc) Store Pet Store & Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.00M
Owner & transaction history
Dung Quoc Tao · 3 yrs held
Dung Quoc Tao
since 2022
Last sale
$1.9M
6 recorded transactions
Zoning & alternative use
C2 · Norco, 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 Norco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norco 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
$2,070,000
ML approach
$2,070,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.00M
Range $1.80M – $2.20M · ±10% · vs last sale $1.93M (Oct 31 2022)
Last sale anchor
$1.93M
Oct 31 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
$150 / 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
$22,419
Tax year 2024
Assessed value
$2,007,972
Assessed 2024
Previous assessed
$2,007,972
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$447,372
Assessed improvement
$1,560,600
Applied tax rate
15.0000
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
1974
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
13,307 SF
Lot
0.81 ac (35,283 SF)
Zoning code
C2
APN
131-180-014
UPID
US09-0729516
Jurisdiction
RIVERSIDE
Zoning & alternative use
C2 · Norco, CA
Zoning C2 · permitted uses
C2 · Norco, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norco. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.81 ac
Current owner
From public records · entity-resolved
Dung Quoc Tao
Individual
Mailing address
969 6TH ST, NORCO, CA 92860-1442
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2022
—
Dung Quoc Tao
Dung Quoc Tao
Intrafamily Transfer
related
—
Nov 24, 2021
$1,930,000
Dung Quoc Tao
Hua Chu
Grant Deed
$1,600,000 · Us Metro Bank
Nov 24, 2021
—
Hua Chu
Wei Chad Yeh
Intrafamily Transfer
related
—
Jul 20, 2009
$1,000,000
Hua Chu
Merryearn Investment LLC
Grant Deed
—
Apr 19, 2001
$800,000
Merryearn Investment LLC
Norco Ranch Outfitters
Grant Deed
$800,000 · Norco Ranch Outfitters
—
—
Merryearn Investments LLC
—
Deed Of Trust
related
$731,000 · Norco Equine Hospital
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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