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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Medical Office Space
119 Sulphur St Lake Elsinore, CA 92530-3703
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US10-2805654
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1969
Construction
WOOD
Total area
4,500 SF
Lot
0.2 ac (8,712 SF)
Zoning code
NC
APN
374-262-012
UPID
US10-2805654
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Whitehorn Realty & Investments Real Estate Agency
-
Access Asset Management Property Management Company Real Estate Rental Agency
-
MIRACLE ONE BUILDERS Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$705k
Comparable Approach
Comparable
$598k
Blend (final)
Blend
$785k
Owner & transaction history
Access Asset Holdings LLC · 14 yrs held
Access Asset Holdings LLC
since 2011
7 recorded transactions
Zoning & alternative use
NC · Lake Elsinore, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lake Elsinore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Elsinore submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$765,000
6.5%
$705,000
7%
$655,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,230,000
Current use
Blend value · Realmo final
$785k
Range $707k – $864k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$174 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$2,338
Tax year 2024
Assessed value
$213,513
Assessed 2024
Previous assessed
$213,513
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$69,075
Assessed improvement
$144,438
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1969
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
4,500 SF
Lot
0.2 ac (8,712 SF)
Zoning code
NC
APN
374-262-012
UPID
US10-2805654
Jurisdiction
RIVERSIDE
Zoning & alternative use
NC · Lake Elsinore, CA
Zoning NC · permitted uses
NC · Lake Elsinore, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Elsinore. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.2M
MEDICAL BUILDING Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1969
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Access Asset Holdings LLC
Entity
Mailing address
119 W SULPHUR ST, LAKE ELSINORE, CA 92530-3703
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2011
—
Access Asset Holdings LLC
Access Asset Management INC
Quit Claim Deed
—
Jul 20, 2010
$170,000
Access Asset Management INC
Lehman Brothers Small 2007-2
Grant Deed
$170,000 · Marianne Anderson
May 20, 2009
$233,750
Lehman Brothers Small 2007-2
Landamerica Default Svcs
Trustees Deed
related
—
Sep 5, 2003
$175,000
Vincent F Sanchez
Cline,darla
Grant Deed
$153,000 · Wells Fargo Bank
—
—
Access Asset Holdings LLC
—
Deed Of Trust
related
$225,000 · James O'brien Family Props LLC
—
—
Darla Cline
—
Deed Of Trust
related
$100,000 · Capitol Thrift & Loan
—
—
Vincent F Sanchez
—
Deed Of Trust
related
$400,000 · Greenpoint Mortgage Funding
—
—
Access Asset Holdings LLC
—
Deed Of Trust
related
$450,000 · Partners Bk/ca
—
—
Access Asset Management INC
—
Deed Of Trust
related
$181,000 · Vip Trust Deed Co
—
—
Access Asset Holdings LLC
—
Deed Of Trust
related
$179,600 · Popkin Trust (pt)
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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