476 4Th StPerris, CA 92570

  • Retail properties
  • 9,600 SF
For Lease
$12/SF/YR View listing

Property Details for 476 4Th St

Year built
1978
Construction
TILT-UP CONCRETE
Lot size
0.88 AC
Property size (Sq ft)
9,600 SF
Zone code
C1
Property type
Retail properties
Property subtype
Strip malls
APN
310-070-053
APU
310070053

Description

Perris Landmark Plaza, located at 476 & 480 East 4th Street, Perris, CA 92570, offers exceptional retail space in a thriving commercial center. This single-story building totals 97,156 square feet and sits on 2.17 acres of land. Renovated in 2011, the plaza features ample parking with 200 spaces, and benefits from a strong anchor tenant, Cardenas Markets, a well-known grocery store, driving significant foot traffic. The property also includes a popular indoor swap meet, further enhancing customer volume and creating a diverse clientele. Currently, there are two available spaces ranging from 4,200 to 10,000 square feet, ideal for a variety of businesses. The plaza is zoned CC and offers competitive lease rates. This high-traffic location provides excellent visibility and accessibility for businesses seeking to establish or expand their presence in the Perris market. The property's convenient location and strong tenant mix create a vibrant and successful commercial environment. The property has no elevators.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,878,548
    6.5%
    $3,580,198
    7%
    $3,324,470
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,243,821
    Geo Method
    $8,514,858
  • Alternative Use

    Use
    Valuation
    Residential
    $3,020,031
    Hospitality
    $2,766,332
    Educational
    $2,301,556
    Medical
    $2,380,710
    Retail
    $3,580,198
476 4Th St, Perris, California

Location Insight

City
Perris
County
Riverside
State
California
Latitude
33.7833
Longitude
-117.219
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
$4,121
$206,077
$152,115
$358,192
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