Property profile

42245 Remington Ave B7 Temecula, CA 92590

OFF-MARKET
Manufacturing properties
Property ID
US09-0791696
3,377 SF Built 2007
Entity Owned 5-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This industrial condominium includes approximately 5,311 square feet total, consisting of 4,147 square feet of improved warehouse space and 1,164 square feet of open warehouse area. The warehouse is equipped with high-efficiency overhead lighting, sealed floors, an insulated ceiling, and 100% HVAC service, and it includes a workshop area with built-in cabinetry and roll-up doors. The property also features an office loft with a large open bullpen area, a built-in storage wall, an entertainment center, and a private office. Vehicle access is provided by a 10' x 12' grade level roll-up door, and the unit is configured for industrial and light workshop use.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 2007
Construction TILT-UP CONCRETE
Total area 3,377 SF
Zoning code LI
APN 909-374-034
UPID US09-0791696

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
  • Gym & Fitness Center
  • Model Design Company
  • HVAC Service General Contractor
  • (Bike/Boat/Book/etc) Store Home Decor Store
  • Hardware & Home Improvement HVAC Service

Location

42245 Remington Ave, Unit B7 Temecula, CA 92590-2566
Temecula metro Census 51200 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$675k
CAP Approach CAP
$485k
Comparable Approach Comparable
$457k
Blend (final) Blend
$710k

Owner & transaction history

since 2021
Last sale
$580,000
4 recorded transactions
2021
$580,000
2013
Price N/A
2009
$5.8M
2007
Price N/A

Zoning & alternative use

LI · Temecula, CA
Zoning description

Light Industrial District (LI). It is the intent of the light industrial zoning designation to promote the development of attractive comprehensively planned industrial uses that will help to provide the city with a sound…

General category INDUSTRIAL
Top alternative use upside
Medical building $925,000 +27.6%
Office building $730,000 +1.2%

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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