Add Listing
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

    980 6th St Beaumont, CA 92223

    • Apartment buildings
    • 0.47 lot acres
    OFF-MARKET
    Last Sale
    Sep 25, 2023
    $13,550,000
    Value Estimations
    $13,400,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1029835
    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 980 6th St

    Lot size
    0.47 lot acres
    Zone code
    C2
    Property type
    Apartment buildings
    APN
    418-053-008
    APU
    418053008

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $15,925,000
      ML approach
      $10,580,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Beaumont
    County
    Riverside
    State
    California
    Longitude
    -116.969
    Latitude
    33.9297
    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
    $2,735
    $205,000
    $0.00
    $205,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $990,000
      4,830 SF

      600 5th St

      APARTMENT HOUSE (5+ UNITS) • 4,830 SF
      600 5th St, Beaumont, CA 92223-2205
      View Details
    • Value Estimation
      $6,675,000
      5,168 SF

      755 Xenia Ave

      APARTMENT HOUSE (5+ UNITS) • 5,168 SF
      755 Xenia Ave, Beaumont, CA 92223-5742
      View Details
    • Value Estimation
      $6,195,000
      2,268 SF

      753 Xenia Ave

      APARTMENT HOUSE (5+ UNITS) • 2,268 SF
      753 Xenia Ave, Beaumont, CA 92223-5715
      View Details
    • Value Estimation
      $770,000
      3,312 SF

      753 California Ave

      APARTMENT HOUSE (5+ UNITS) • 3,312 SF
      753 California Ave, Beaumont, CA 92223-5913
      View Details
    • Value Estimation
      $505,000
      2,464 SF

      520 Edgar Ave

      APARTMENT HOUSE (5+ UNITS) • 2,464 SF
      520 Edgar Ave, Beaumont, CA 92223-2114
      View Details
    • Value Estimation
      $1,740,000
      8,496 SF

      681 Edgar Ave

      APARTMENT HOUSE (5+ UNITS) • 8,496 SF
      681 Edgar Ave, Beaumont, CA 92223-2100
      View Details

    Similar Nearby for Sale

    • $2,400,000
      7,089 SF

      Beaumont Multifamily Investment Opportunity

      Well-maintained 12-unit apartment complex in a high-growth area.
      677 Magnolia Ave, Beaumont, CA 92223
      View Details
    • $499,000
      2,897 SF

      Mixed-Use Property in Beaumont, CA

      Multi-use property with commercial space and apartments in Beaumont.
      167 E 6Th St, Beaumont, CA 92223
      View Details
    • $159,000

      Beaumont Mobile Home in Park

      3 bed, 2 bath mobile home in gated community.
      1444 Michigan Ave, Beaumont, CA 92223
      View Details
    • $140,000

      Well-Kept Mobile Home in Beaumont

      Two-bedroom, two-bathroom mobile home in a welcoming Beaumont park.
      1460 E 6Th St, Beaumont, CA 92223
      View Details
    • Contact for pricing
      1,824 SF

      Cherry Valley 55+ Community Home

      Triple-wide home in Highland Springs Village with golf course views.
      10765 Chisholm Trl, Cherry Valley, CA 92223
      View Details
    • $573,000
      1,960 SF

      Beaumont Mixed-Use Commercial Opportunity

      Commercial property with residential farmhouse in downtown Beaumont, CA.
      559 Edgar Ave, Beaumont, CA 92223
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      114,604 SF

      Retail Center Shop Space Available

      Retail spaces available in new shopping center with freeway visibility.
      1004-1044 Cherry Vly Blvd | Calimesa, Beaumont, CA 92223
      View Details
    • $950 /Mo

      Retail or Office Space Available

      Turn-key retail or office space in America Town Center.
      1390 E 6Th St, Beaumont, CA 92223
      View Details
    • $0.85 SF/Yr
      300,000 SF

      Beaumont Warehouse with Secured Yard

      Sublease available through 2027 with dock high doors.
      630 Nicholas Rd, Beaumont, CA 92223
      View Details
    • Contact for pricing
      50,000 SF

      Retail Space in New Center

      Retail spaces available in upcoming shopping center development.
      Pky. Nwc Beaumont Ave. & Oak Vly, Beaumont, CA 92223
      View Details
    • Contact for pricing

      Distribution Facility Available For Sublease

      Cross-dock distribution facility available for sublease in Beaumont, CA.
      Beaumont, CA 92223
      View Details
    • Contact for pricing
      449,590 SF

      Cross Road Logistics Center: Lease Now

      Massive Warehouse, 449,590 SF, Riverside County
      1022 Prosperity Way, Beaumont, CA 92223
      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.
    980 6th St
    Beaumont, CA 92223
    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.
    Sign Up Successful!
    You now have access to more from Realmo!