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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Manufacturing properties
18283 Pasadena St Lake Elsinore, CA 92530-2792
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US09-3145999
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2006
Construction
TILT-UP CONCRETE
Total area
4,303 SF
Lot
3.35 ac (145,926 SF)
Zoning code
M1
APN
377-130-054
UPID
US09-3145999
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
-
Inkcups Now Corp. - West Coast Industrial Manufacturer Production Facility
-
Signs4Realtors (Bike/Boat/Book/etc) Store Printing Service
-
Pickleball Chalet (Bike/Boat/Book/etc) Store
-
Maker Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
$545k
Comparable Approach
Comparable
$541k
Blend (final)
Blend
$580k
Owner & transaction history
Adnoff Commerce Center LLC · 12 yrs held
Adnoff Commerce Center LLC
since 2014
7 recorded transactions
Zoning & alternative use
M1 · 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
$650,000
CAP Approach
CAP Return
Estimation
6%
$590,000
6.5%
$545,000
7%
$505,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$780,000
Current use
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$135 / 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
$47,926
Tax year 2024
Assessed value
$4,536,883
Assessed 2024
Previous assessed
$4,536,883
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$919,391
Assessed improvement
$3,617,492
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2006
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
4
Total area
4,303 SF
Lot
3.35 ac (145,926 SF)
Zoning code
M1
APN
377-130-054
UPID
US09-3145999
Jurisdiction
RIVERSIDE
Zoning & alternative use
M1 · Lake Elsinore, CA
Zoning M1 · permitted uses
M1 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$780,000
INDUSTRIAL (GENERAL) 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
2006
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
4
Lot
3.35 ac
Current owner
From public records · entity-resolved
Adnoff Commerce Center LLC
Entity
Mailing address
PO BOX 11235, WHITTIER, CA 90603-0235
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2014
—
Adnoff Commerce Center LLC
Mkj-adnoff Investments LLC
Quit Claim Deed
related
—
Nov 19, 2007
—
City Of Lake Elsinore
Mkj-adnoff Investments LLC
Grant Deed
—
Jun 21, 2006
—
Mkj-adnoff Investments LLC
—
Trustees Deed
related
$5,150,000 · Temecula Valley Bank NA
Sep 10, 2004
—
Gary Morris
Elsinore Vly Municipal Water D
Quit Claim Deed
related
—
Aug 17, 2004
$790,000
Mkj-adnoff Investments LLC
Morris,gary & Elena
Grant Deed
related
—
Oct 24, 2000
$158,000
Cohen Trust
Danon Trust
Grant Deed
related
—
Apr 16, 1997
—
Louis Etux Alcalay
Alcalay,louis
Quit Claim Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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