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    Riverside, CA 92518
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    Property profile & analytics

    , Riverside, CA 92518

    View on Map
    • Hotels
    • 81,723 SF
    • 2.35 lot acres
    Off-Market
    Last Sale Feb 22, 2021
    Property ID
    US09-2576977
    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.
    Value Estimations
    $3,990,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hotels

    Property Details

    Year built
    2020
    Construction
    WOOD
    Lot size
    2.35 lot acres
    Property type
    Hotels
    APN
    294-070-049
    APU
    294070049

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 18, 2021 — Greens Nv 2 LLC — Deed · related $21M · Wells Fargo Bank NA
    Feb 22, 2021 — Riverside Cnty Flood Control & Wate March Joint Powers Authority Quit Claim Deed · related —
    Nov 1, 2019 — Greens Inv 2 LLC Greens Inv 11 LLC Quit Claim Deed $21M · Cardenas Three

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,469,000
      Market price range: $1.29M - $4.74M

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.273
    Latitude
    33.8889
    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
    $192,930
    $1,356,172
    $15,397,920
    $16,754,092
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2.45 Acres

      Riverside, CA 92518

      HOTEL
      Riverside, CA 92518
      View Details
    • Value Estimation
      $3,410,000
      69,137 SF

      Riverside, CA 92518

      HOTEL
      Riverside, CA 92518
      View Details
    • Value Estimation by Request

      14427 Meridian Pkwy, Unit 7

      CONSTRUCTION/CONTRACTING SERVICES
      14427 Meridian Pkwy, March Air Reserve Base, CA 92518-3014
      View Details
    • Value Estimation by Request
      24.78 Acres

      Riverside, CA 92518

      VACANT COMMERCIAL LAND
      Riverside, CA 92518
      View Details
    • Value Estimation by Request
      5.00 Acres

      March Air Reserve Base, CA 92518

      VACANT COMMERCIAL LAND
      March Air Reserve Base, CA 92518
      View Details
    • Value Estimation
      $560,000
      10.77 Acres

      March Air Reserve Base, CA 92518

      VACANT COMMERCIAL LAND
      March Air Reserve Base, CA 92518
      View Details

    Similar Nearby for Sale

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      Riverside Warehouse For Sale

      Warehouse property available in Riverside, California.
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      21,907 SF

      Industrial Building Near Freeways

      21,907 SF industrial building with freeway access.
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      17,250 SF

      Falcon Business Park Freestanding Building

      Freestanding building with mezzanine, office, lab, and loading area.
      14538 Meridian Pkwy, March Air Reserve Base, CA 92518
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    • Contact for pricing
      74,922 SF

      Class A Office Building

      Two-story office building with high-image finishes and modern systems.
      21550-21750 Van Buren Blvd, Riverside, CA 92518
      View Details
    • Contact for pricing
      12,520 SF

      Free Standing Industrial Building

      Industrial building with office space and convenient freeway access.
      21870 Van Burren Blvd, Riverside, CA 92518
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Space for Lease

      Industrial property available for lease in Riverside, California.
      14080 Meridian Pkwy, Riverside, CA 92518
      View Details
    • Contact for pricing

      Commercial Space Available For Lease

      Commercial property available for lease in Riverside, California.
      21840 Van Buren Blvd, Riverside, CA 92518
      View Details
    • Contact for pricing
      600,727 SF

      Meridian Business Center Freestanding Building

      Industrial building with secured truck court and ample parking.
      14600 Innovation Dr, Riverside, CA 92518
      View Details
    • Contact for pricing
      4,374 SF

      Riverside Warehouse with Office Space

      4,374 SF warehouse with office space for lease.
      14467 Meridian Pkwy, Riverside, CA 92518
      View Details
    • Contact for pricing
      89,495 SF

      Riverside Warehouse with Extensive Features

      89,495 SF warehouse with offices and multiple loading docks.
      21800 Opportunity Way, Riverside, CA 92518
      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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