Property profile

506 Graham Ave Lake Elsinore, CA 92530

OFF-MARKET
Office buildings
Property ID
US09-2745312
16,721 SF 0.83 ac lot Built 1981
Individually Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The Centre, located at 506 W Graham Ave, Lake Elsinore, CA 92530, offers exceptional executive office space for lease in Riverside County. This impressive building totals 3,470 square feet and currently has 3,010 square feet immediately available. The property is ideally suited for businesses seeking flexible and modern workspace, with multiple suites available to accommodate various needs. Individual suites range from a minimum of 750 square feet to a maximum contiguous space of 3,010 square feet, providing options for both small and larger organizations. The building's classification as "Executive Office" reflects its high-quality finishes and amenities, making it an attractive location for professionals seeking a prestigious business address. The property is situated in the Riverside County Lake Elsinore submarket, offering convenient access to local amenities and transportation networks. This is a fantastic opportunity to secure prime office space in a thriving area. Interested parties are encouraged to inquire about lease terms and availability for these exceptional suites. The property is categorized as an office building with multiple tenancies. The address is verified, and the property is ready for immediate occupancy.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1981
Construction WOOD
Total area 16,721 SF
Lot 0.83 ac (36,154 SF)
Zoning code C1
APN 374-251-014
UPID US09-2745312

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Dental Office
  • Medical Clinic
  • Wellness Program
  • Alternative Medicine Practice

Location

506 Graham Ave Lake Elsinore, CA 92530-3666
Lake Elsinore metro Census 43006 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.31M
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.38M

Owner & transaction history

since 2018
4 recorded transactions
2018
$1.5M
2018
Price N/A
2017
Price N/A
1969
Price N/A

Zoning & alternative use

C1 · Lake Elsinore, CA
Zoning description

or conversion of residential structures to commercial/office uses. § 17.116.080 Landscape improvements. § 17.116.090 Parking. § 17.116.100 Signs. § 17.116.110 Design review. § 17.116.120 Design standards. Chapter 17.120…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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