476 4Th StPerris, CA 92570

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

Strip malls

Property subtype

Neighborhood centers

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.

• 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

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

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