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Property profile & analytics
OFF-MARKET
Office buildings
16755 Grand Ave Lake Elsinore, CA 92530-1465
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0497872
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1940
Construction
TILT-UP CONCRETE
Total area
1,404 SF
Lot
0.28 ac (12,196 SF)
Zoning code
C1
APN
381-284-001
UPID
US09-0497872
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
-
Valley Real Estate Real Estate Agency
-
Integrity Place Realty & Property Management Real Estate Agency
-
J-Mar Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Chalant Property Management LLC · 2 yrs held
Chalant Property Management LLC
since 2023
Last sale
$479,000
7 recorded transactions
Zoning & alternative use
C1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,923
Tax year 2024
Assessed value
$476,500
Assessed 2024
Previous assessed
$476,500
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$100,000
Assessed improvement
$376,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1940
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
1,404 SF
Lot
0.28 ac (12,196 SF)
Zoning code
C1
APN
381-284-001
UPID
US09-0497872
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.
Building & site characteristics
From public records
Year built
1940
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Chalant Property Management LLC
Entity
Mailing address
39164 TRL CRK LN, TEMECULA, CA 92591-7290
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Dec 14, 2023
$479,000
Chalant Property Management LLC
Grand Ortega Properties LLC
Grant Deed
$440,000 · Home Bank Of California
Jan 8, 2020
—
Grand Ortega Properties LLC
Pl Realty Integrity
Grant Deed
—
Apr 30, 2019
$250,000
Integrity Place Realty And Prop Mgm
Barbara L Harrison
Grant Deed
$150,000 · Touchdown Mortgage Fund LP
Apr 30, 2019
—
Kathryn I Iverson
Iverson,edward N
Affidavit Of Death
related
—
Mar 14, 2001
$160,000
Barbara L Harrison
Turtletaub,morris
Grant Deed
$100,000 · Morris
May 17, 2000
$95,000
Morris Turtletaub
Bedrock Holdings INC
Grant Deed
—
Apr 13, 1992
$200,000
D P D INC
Loza,carl J
Quit Claim Deed
related
—
Aug 29, 1991
$836,363
Carl J Loza
Carpenter,corinn
Grant Deed
$150,000 · Seller
—
—
Barbara L Harrison
—
Deed Of Trust
related
$50,000 · Edward N & Kathryn I Iverson
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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