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Property profile & analytics
OFF-MARKET
Estimated value
$2,710,000
Retail space
9741 Magnolia Ave Riverside, CA 92503-3642
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2723032
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1978
Construction
TILT-UP CONCRETE
Total area
13,520 SF
Lot
0.56 ac (24,393 SF)
Zoning code
C3
APN
145-280-030
UPID
US10-2723032
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
-
Hp Auto Parts Auto Parts Store
-
Astrologer Yash Raj Astrologer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.44M
CAP Approach
CAP
$2.70M
Comparable Approach
Comparable
$2.58M
Blend (final)
Blend
$2.71M
Owner & transaction history
Alex Furniture LLC · 1 yrs held
Alex Furniture LLC
since 2025
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
C3 · Riverside, 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 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
$3,545,000
ML approach
$3,440,000
CAP Approach
CAP Return
Estimation
6%
$2,925,000
6.5%
$2,700,000
7%
$2,505,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,945,000
Change: -13% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,780,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$2.71M
Range $2.44M – $2.98M · ±10% · vs last sale $2.78M (May 30 2025)
Last sale anchor
$2.78M
May 30 2025
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
$200 / 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
$15,934
Tax year 2024
Assessed value
$1,439,016
Assessed 2024
Previous assessed
$1,439,016
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$557,758
Assessed improvement
$881,258
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1978
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
13,520 SF
Lot
0.56 ac (24,393 SF)
Zoning code
C3
APN
145-280-030
UPID
US10-2723032
Jurisdiction
RIVERSIDE
Zoning & alternative use
C3 · Riverside, CA
Zoning C3 · permitted uses
C3 · 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
MEDICAL BUILDING
Est. value
$3.9M
WAREHOUSE, STORAGE
Est. value
$3.8M
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1978
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Alex Furniture LLC
Entity
Mailing address
2421 MANGULAR AVE, CORONA, CA 92882-6034
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2025
—
Alex Furniture LLC
Ab Magnolia Avellc
Deed
$1,155,000 · The Mortgage Capital Development Corp
May 30, 2025
$2,775,000
Ab Magnolia Ave LLC
4gt Group INC
Grant Deed
$1,405,000 · Velocity Commercial Capital LLC
Jan 5, 2018
$1,290,000
4gt Group LLC
Sk Magnolia Holdings Group LLC
Grant Deed
$1,192,300 · Wells Fargo Bank NA
Oct 4, 2013
$600,000
Sk Magnolia Holdings Group LLC
Heitman Holdings INC
Grant Deed
$600,000 · Setareh Consulting Corp
Dec 31, 2012
$762,500
Heitman Holdings INC
Su Arnold
Grant Deed
—
Jun 16, 2011
—
Arnold T Su
Lim,linda
Grant Deed
related
—
Mar 28, 2011
—
Linda Lim
Lim,linda
Quit Claim Deed
related
—
Oct 20, 2008
$570,071
Tuyen Nguyen
Ress Financial Corp
Trustees Deed
related
—
Mar 27, 2008
—
Betty L Su
Lim,linda
Grant Deed
related
—
Nov 1, 2006
—
Maxine Dinh
Ting,thomas S
Grant Deed
—
Jun 7, 2006
—
Thomas S Ting
Lim,linda
Quit Claim Deed
related
—
Jul 11, 2002
—
M Dinh
Dinh,p
Quit Claim Deed
related
—
Sep 8, 1998
$660,000
Thomas Ting
Haserjian Trust
Grant Deed
$595,000 · Seller
Aug 12, 1996
—
Sharon Etal Haserjian
Haserjian,sharon
Quit Claim Deed
related
—
Sep 28, 1992
$1,900,000
Sharon Haserjian
Carpeteria INC
Grant Deed
—
—
—
Linda Lim
—
Deed Of Trust
related
$1,800,000 · Lim B Kong
—
—
Maxine Dinh
—
Deed Of Trust
related
$88,000 · Steve Monterastelli
—
—
Maxine Dinh
—
Deed Of Trust
related
$150,000 · Evelyn Banta
—
—
Linda Lim
—
Deed Of Trust
related
$500,000 · Tuyen Nguyen
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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