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Property profile & analytics
OFF-MARKET
Estimated value
$3,610,000
Retail space
160 Diamond Dr Lake Elsinore, CA 92530-4401
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US10-2370711
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2011
Construction
TILT-UP CONCRETE
Total area
13,678 SF
Lot
0.85 ac (37,026 SF)
Zoning code
C1
APN
363-150-040
UPID
US10-2370711
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
-
Walgreens Pharmacy Pharmacy
-
COVID-19 Drive-Thru Testing at Walgreens Pharmacy
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Walgreens Pharmacy
-
Walgreens Photo (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.02M
Comparable Approach
Comparable
$4.04M
Blend (final)
Blend
$3.61M
Owner & transaction history
W Union LLC · 4 yrs held
W Union LLC
since 2021
7 recorded transactions
Zoning & alternative use
C1 · Lake Elsinore, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.9M
+45.0%
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%
$3,270,000
6.5%
$3,015,000
7%
$2,800,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,070,000
Current use
AUTO REPAIR, GARAGE
$5,905,000
Change: +45% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,040,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$3.61M
Range $3.25M – $3.97M · ±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
$264 / 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
$58,112
Tax year 2024
Assessed value
$5,614,488
Assessed 2024
Previous assessed
$5,614,488
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$1,233,439
Assessed improvement
$4,381,049
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2011
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
13,678 SF
Lot
0.85 ac (37,026 SF)
Zoning code
C1
APN
363-150-040
UPID
US10-2370711
Jurisdiction
RIVERSIDE
Zoning & alternative use
C1 · Lake Elsinore, CA
Zoning C1 · permitted uses
C1 · 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
RETAIL STORES Current
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$5.9M
WAREHOUSE, STORAGE
Est. value
$4.0M
RETAIL STORES Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2011
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
W Union LLC
Entity
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2021
—
W Union LLC
Mf Salta Company INC
Assignment Of Lease (leasehold Sale)
$5,250,000 · East West Bank
Nov 10, 2021
$10,500,000
W Union LLC
M F Salta Company INC
Grant Deed
—
Nov 23, 2011
$4,165,500
Mf Salta Co INC
Walgreen Co
Grant Deed
—
Nov 23, 2011
$3,921,500
Mf Salta Co INC
31781 Mission Trail Road LLC
Grant Deed
—
Jan 26, 2011
—
31781 Mission Trail Road LLC
Wolfe,james & Laura C
Quit Claim Deed
related
$1,600,000 · Farmers & Merchants Bk Lng Bch
Sep 8, 2010
—
61781 Mission Trail Road LLC
Clearinghouse Nmtc Sub 3 LLC
Grant Deed
—
Sep 1, 2010
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Jun 4, 2009
$1,145,765
Clearinghouse Nmtc Sub 3 LLC
Farmers & Merchants Trust Co
Trustees Deed
related
—
Aug 18, 2008
—
Border Real LLC
—
Deed Of Trust
related
$22,300,000 · Farmers & Merchants Bk Lng Bch
Aug 16, 2004
$1,175,000
Mission Trail Partners LP
Bunjes,tr
Grant Deed
$1,175,000 · Farmers & Merchants Bk Lng Bch
Sep 12, 1996
—
Edwin D Etal Bunjes
Bunjes,edwin D
Quit Claim Deed
related
—
May 13, 1991
$500,000
Edwin D Bunjes
Bunjes Trust
Grant Deed
related
$180,000 · Seller
—
—
Mission Trail Partners
—
Deed Of Trust
related
$1,175,000 · Clearinghouse Nmtc LLC
—
—
Mission Trail Partners
—
Deed Of Trust
related
$800,000 · Alliance Portfolio
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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