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    Property profile & analytics

    Riverside, CA 92507

    • Warehouses
    • 346,330 SF
    • 17.51 lot acres
    OFF-MARKET
    Last Sale
    Jun 03, 2022
    $142,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3583481
    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

    • Warehouses

    Property Details

    Year built
    2023
    Construction
    TILT-UP CONCRETE
    Lot size
    17.51 lot acres
    Property size
    346,330 SF
    Property type
    Warehouses
    APN
    257-060-020
    APU
    257060020

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $86,310,000
      6.5%
      $79,670,000
      7%
      $73,980,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $171,454,000
      Market price range: $62.4M - $171M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $112,320,000
      Current use
      RESTAURANT
      $164,230,000
      Change: +46% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $153,460,000
      Change: +37% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $124,425,000
      Change: +11% Conversion: Difficult
      MEDICAL BUILDING
      $101,110,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.328
    Latitude
    33.9965
    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
    $920,413
    $58,845,024
    $20,974,500
    $79,819,524
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      124,458 SF

      1020 Palmyrita Ave

      Distribution properties • 124,458 SF
      1020 Palmyrita Ave, Riverside, CA 92507
      View Details
    • Value Estimation
      $7,185,000
      49,336 SF

      972 Columbia Ave

      WAREHOUSE, STORAGE • 49,336 SF
      972 Columbia Ave, Riverside, CA 92507-2140
      View Details
    • Value Estimation
      $655,000
      4,940 SF

      2993 Msn Inn Ave

      WAREHOUSE, STORAGE • 4,940 SF
      2993 Msn Inn Ave, Riverside, CA 92507
      View Details
    • Value Estimation
      $28,855,000
      242,550 SF

      7105 Old 215th Frontage Rd

      WAREHOUSE, STORAGE • 242,550 SF
      7105 Old 215th Frontage Rd, Riverside, CA 92507
      View Details
    • Value Estimation
      $37,390,000
      251,550 SF

      1455 Citrus St

      WAREHOUSE, STORAGE • 251,550 SF
      1455 Citrus St, Riverside, CA 92507-1603
      View Details
    • Value Estimation by Request
      304,560 SF

      800 Iowa Ave

      WAREHOUSE, STORAGE • 304,560 SF
      800 Iowa Ave, Riverside, CA 92507-1613
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      326,350 SF

      Industrial Building with Secured Yard

      Industrial building featuring offices, secured yard, and freeway access.
      750 Marlborough Ave, Riverside, CA 92507
      View Details
    • Contact for pricing

      Riverside Multi-Tenant Business Park

      125,974 SF multi-tenant industrial, flex, and office business park.
      1020–1040 Iowa Ave & 1220–1280 Palmyrita Ave, Riverside, CA 92507
      View Details
    • $449,990
      3,500 SF

      Versatile Live-Work Property For Sale

      3,500 SF mixed-use property with shop and living space.
      1071 Center St, Riverside, CA 92507
      View Details
    • Contact for pricing
      111,316 SF

      Riverside Warehouse - 111,316 SF

      Large Industrial Warehouse, Excellent Location
      1850 Atlanta Ave, Riverside, CA 92507
      View Details
    • $14,600,000
      40,000 SF

      Riverside Industrial Distribution Center

      Class A, 40,000 SF Warehouse for Sale
      1980 Eastridge Ave, Riverside, CA 92507
      View Details
    • $2,135,868

      Freestanding Warehouse in Cottonwood Creek

      Freestanding warehouse building in Cottonwood Creek Business Park.
      7211 Frontage Rd, Riverside, CA 92507
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      39,000 SF

      Freestanding Warehouse with Truck Court

      Newly constructed warehouse featuring secured truck court and office space.
      980 Marlborough Ave, Riverside, CA 92507
      View Details
    • $0.90 SF/Yr

      Industrial Space with Freeway Frontage

      Industrial property available for immediate occupancy with I-215 frontage.
      7105 Frontage Rd, Riverside, CA 92507
      View Details
    • $0.80 SF/Yr
      40,200 SF

      Industrial Building with Fenced Yard

      40,200 SF industrial building featuring a fenced and paved yard.
      779 Palmyrita Ave, Riverside, CA 92507
      View Details
    • Contact for pricing
      25,000 SF

      Industrial Facility with Outdoor Storage

      Industrial facility featuring office space, gated yard, and multiple doors.
      1391 Spruce St, Riverside, CA 92507
      View Details
    • Contact for pricing
      3,423 SF

      Industrial Condo Near Freeways

      3,423 SF industrial condo with easy freeway access.
      1020 Northgate St, Riverside, CA 92507
      View Details
    • $1.17 SF/Yr

      Distribution Center with Secured Yard

      Offering 20,000 SF of dead storage space for lease.
      1075 Mt Vernon Ave, Riverside, CA 92507
      View Details
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    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
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