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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Retail space
18532 Pasadena St Lake Elsinore, CA 92530-2770
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3218422
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Construction
TILT-UP CONCRETE
Total area
4,830 SF
Lot
0.03 ac (1,306 SF)
APN
377-430-023
UPID
US10-3218422
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
-
Marketplace Marijuana Dispensary Lake Elsinore (Bike/Boat/Book/etc) Store
-
MR. NICE GUY - MARKETPLACE LAKE ELSINORE MARIJUANA DISPENSARY (Bike/Boat/Book/etc) Store
-
Mr. Nice Guy - Lake Elsinore Marketplace (Bike/Boat/Book/etc) Store
-
Marketplace : Marijuana Dispensary Lake Elsinore, CA (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$970k
CAP Approach
CAP
$1.07M
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$940k
Owner & transaction history
Le Pasadena Investment LLC · 4 yrs held
Le Pasadena Investment LLC
since 2021
Last sale
$900,000
6 recorded transactions
Zoning & alternative use
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
$870,000
ML approach
$970,000
CAP Approach
CAP Return
Estimation
6%
$1,155,000
6.5%
$1,065,000
7%
$990,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,440,000
Current use
WAREHOUSE, STORAGE
$1,425,000
Change: -1% · Conversion: Difficult
MEDICAL BUILDING
$1,320,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±10% · vs last sale $900k (Oct 13 2021)
Last sale anchor
$900k
Oct 13 2021
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
$195 / 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
$13,299
Tax year 2024
Assessed value
$1,288,119
Assessed 2024
Previous assessed
$1,288,119
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$213,282
Assessed improvement
$1,074,837
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
2006
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
4,830 SF
Lot
0.03 ac (1,306 SF)
APN
377-430-023
UPID
US10-3218422
Jurisdiction
RIVERSIDE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
RETAIL STORES Current
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
Lot
0.03 ac
Current owner
From public records · entity-resolved
Le Pasadena Investment LLC
Entity
Mailing address
18352 PASADENA ST, LAKE ELSINORE, CA 92530
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2021
$900,000
Le Pasadena Investment LLC
Cd9 Lake Elsinore LLC
Grant Deed
$570,000 · Mor Investments Fund LLC
May 22, 2020
$890,000
Cd9 Lake Elsinore LLC
Mcneil Family Trust
Grant Deed
—
Sep 29, 2005
$680,000
Mcneil Family Trust
Kinglen LLC
Grant Deed
—
Jul 13, 2005
$514,000
Kinglen LLC
Pasadena Street Industrial
Grant Deed
$384,000 · Mission Oaks National Bank
—
—
Cd9 Lake Elsinore LLC
—
Deed Of Trust
related
$450,000 · Kars Keene Money Purchase Pen
—
—
Cd9 Lake Elsinore LLC
—
Deed Of Trust
related
$50,000 · Kami Celano
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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