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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Investment properties
15573 Grand Ave Lake Elsinore, CA 92530-5523
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2938881
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1980
Construction
WOOD
Total area
4,325 SF
Lot
0.53 ac (23,086 SF)
Zoning code
CP
APN
387-103-006
UPID
US10-2938881
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
$615k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$620k
Owner & transaction history
15573 Grand LLC · 6 yrs held
15573 Grand LLC
since 2020
Last sale
$625,000
7 recorded transactions
Zoning & alternative use
CP · 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
$460,000
ML approach
$615,000
CAP Approach
CAP Return
Estimation
6%
$670,000
6.5%
$615,000
7%
$570,000
Blend value · Realmo final
$620k
Range $558k – $682k · ±10% · vs last sale $625k (Jun 24 2020)
Last sale anchor
$625k
Jun 24 2020
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
$143 / 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
$14,270
Tax year 2024
Assessed value
$1,340,250
Assessed 2024
Previous assessed
$1,340,250
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$428,879
Assessed improvement
$911,371
Applied tax rate
65.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
2
Total area
4,325 SF
Lot
0.53 ac (23,086 SF)
Zoning code
CP
APN
387-103-006
UPID
US10-2938881
Jurisdiction
RIVERSIDE
Zoning & alternative use
CP · Lake Elsinore, CA
Zoning CP · permitted uses
CP · 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.
Building & site characteristics
From public records
Year built
1980
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
0.53 ac
Current owner
From public records · entity-resolved
15573 Grand LLC
Entity
Mailing address
117 E LAS TUNAS DR, SAN GABRIEL, CA 91776-1401
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2020
$1,250,000
15573 Grand LLC
John T Rankins
Grant Deed
$640,000 · The Carter Revocable Trust
Mar 12, 2018
—
John T Rankins
—
Deed
related
$300,000 · Optiomo Int'l Grp INC
Jan 30, 2007
$680,000
John T Rankins
Ky Anh Le Vo
Grant Deed
$400,000 · Wells Fargo Bank NA
Nov 8, 2005
—
Grand Ave Lake Elsinore 15573
Vo,ky-phong
Grant Deed
—
Dec 15, 2004
$480,500
Ky-phong Vo
Black,jack E & Jennifer J
Grant Deed
$280,000 · Jack E & Jennifer J Black
Apr 20, 2000
$120,000
Jack E Black
Wells Fargo Bank
Grant Deed
—
Oct 1, 1990
$400,000
Harald Demmerle
First Natl Bank
Grant Deed
$280,000 · First Trust Bank
—
—
Jack E Blakc
—
Deed Of Trust
related
$135,000 · Altman Trust
—
—
John T Rankins
—
Deed Of Trust
related
$300,000 · Optiomo Int'l Grp INC
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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