Property Lookup
Property Lookup
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Property profile & analytics

31581 Canyon Estates Dr Lake Elsinore, CA 92532

  • Office Properties & Spaces
  • 10,000 SF
  • 0.79 lot acres
OFF-MARKET
Value Estimation
Location Intelligence

Current Use by Public Records

  • Danesh Medical Group / Medical Clinic / Emergency Care Service
  • Lake Elsinore Dentistry / Dentist / Cosmetic Dentist
  • Grandmas primary doctor / Medical Clinic
  • DeMoss Mary L OD / Optometrist
  • Mcdougall David M / Doctor

Property Details for 31581 Canyon Estates Dr

Year built
2010
Lot size
0.79 lot acres
Property size
10,000 SF
Property type
Office Properties & Spaces
Property subtype
Medical offices

Description

This exceptional two-story, 10,000 square foot medical office building in Lake Elsinore, CA, presents a compelling value-add investment opportunity. Located at 31581 Canyon Estates Dr., this Class B property boasts a prime location with high visibility from the 15 freeway, offering panoramic community views. Currently 75% occupied by two credit-rated tenants under a Net Net + lease structure, the building features 40 parking spaces and sits on a 0.79-acre lot. Built in 2010 and renovated in 2011, the property offers modern medical facilities, including three units. The current Net Operating Income (NOI) is $154,000, projected to increase to $205,000. The asking price is $3,350,000, representing a current cap rate of 4.60% and a pro-forma cap rate of 6.12%. The property's strategic location within a thriving medical corridor, near other medical offices, a hotel, car wash, and gas station, further enhances its investment appeal. The surrounding area has a population exceeding 122,000 within a 5-mile radius, with a median household income of $86,324. This fee-simple ownership opportunity offers significant upside potential for investors seeking a strong return in a growing market. The land value is estimated at $100-$105 per square foot. The property is zoned for medical use.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Lake Elsinore
County
Riverside
State
California
Longitude
-117.3
Latitude
33.6654
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message